CFO of Figure (NYSE: FIGR) sells 8,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. Chief Financial Officer Minchung Kgil sold 8,000 shares of Class A Common Stock on April 24, 2026 in an open-market transaction at a weighted average price of $32.2475 per share, under a pre-arranged Rule 10b5-1 trading plan adopted on December 10, 2025.
After this sale, the CFO directly holds 548,098 shares of Class A Common Stock. The shares were sold in multiple trades at prices ranging from $31.83 to $32.511 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 8,000 shares ($257,980)
Net Sell
1 txn
Insider
Kgil Minchung
Role
Chief Financial Officer
Sold
8,000 shs ($258K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 8,000 | $32.2475 | $258K |
Holdings After Transaction:
Class A Common Stock — 548,098 shares (Direct, null)
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $31.83 to $32.511. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
Key Figures
Shares sold: 8,000 shares
Weighted average sale price: $32.2475 per share
Post-transaction holdings: 548,098 shares
+2 more
5 metrics
Shares sold
8,000 shares
Open-market sale on April 24, 2026
Weighted average sale price
$32.2475 per share
Class A Common Stock sale
Post-transaction holdings
548,098 shares
Class A Common Stock held directly after sale
Sale price range low
$31.83 per share
Lowest price among multiple trade executions
Sale price range high
$32.511 per share
Highest price among multiple trade executions
Key Terms
Rule 10b5-1 trading plan, weighted average price, Class A Common Stock, open-market sale
4 terms
Rule 10b5-1 trading plan regulatory
"The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Class A Common Stock financial
"security_title: Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did FIGR's CFO report on this Form 4?
FIGR’s Chief Financial Officer Minchung Kgil reported selling 8,000 shares of Class A Common Stock in an open-market transaction. The sale occurred on April 24, 2026 at a weighted average price of $32.2475 per share, according to the Form 4 filing.
What type of security did FIGR’s CFO sell in the April 24, 2026 transaction?
The transaction involved Class A Common Stock of Figure Technology Solutions, Inc. (FIGR). The Form 4 identifies the security as non-derivative common equity, with 8,000 shares sold and 548,098 shares of the same class remaining under the CFO’s direct ownership afterward.