Figure director reports 30,370-share tax withholding
Figure Technology Solutions, Inc. director and 10% owner Michael Scott Cagney reported a tax-related share disposition.
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Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. director and 10% owner Michael Scott Cagney reported a tax-related share disposition. On June 10, 2026, 30,370 shares of Class B Common Stock were withheld at $28.07 per share to satisfy tax liability on vesting of restricted stock units, and the footnote states this was not a market sale.
After this tax-withholding disposition, Cagney directly owned 32,043,819 Class B shares. Separate Form 4 entries list substantial indirect holdings of Class B shares through Children’s Trusts and a Family Trust, each convertible into an equal number of Class A Common shares under the company’s dual-class structure.
Insider Trade Summary
Exercise Price or Tax Liability: 30,370 shares
Exercise Price or Tax Liability
4 txns
Insider
Cagney Michael Scott
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class B Common Stock | 30,370 | $28.07 | $852K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 32,043,819 contracts (Direct);
Class B Common Stock — 4,313,645 contracts (Indirect, By Family Trust);
Class B Common Stock — 3,185,970 contracts (Indirect, By Children's Trust 1);
Class B Common Stock — 3,185,970 contracts (Indirect, By Children's Trust 2)
Footnotes (2)
- F1. Each outstanding share of Class B Common Stock will be convertible at any time at the option of the holder into one share of Class A Common Stock. In addition, each share of Class B Common Stock will convert automatically into one share of Class A Common Stock upon any transfer, whether or not for value, except for certain permitted transfers.
- F2. Represents shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units. Not a market sale.
Key Figures
Tax-withheld shares: 30,370 shares
Withholding price: $28.07 per share
Direct holdings after transaction: 32,043,819 shares
+4 more
7 metrics
Tax-withheld shares
30,370 shares
Class B Common Stock withheld for RSU tax on June 10, 2026
Withholding price
$28.07 per share
Price used for 30,370-share tax-withholding disposition
Direct holdings after transaction
32,043,819 shares
Class B Common Stock held directly after tax withholding
Children’s Trust 1 underlying shares
3,185,970 shares
Underlying Class A shares for indirect Class B position
Children’s Trust 2 underlying shares
3,185,970 shares
Underlying Class A shares for indirect Class B position
Family Trust underlying shares
4,313,645 shares
Underlying Class A shares for indirect Class B position
Tax-withholding shares count
30,370 shares
Form 4 tax withholding summary (F code disposition)
Key Terms
Class B Common Stock, Class A Common Stock, restricted stock units, tax-withholding disposition, +1 more
5 terms
Class B Common Stock financial
"Each outstanding share of Class B Common Stock will be convertible at any time"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"convertible at any time at the option of the holder into one share of 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.
restricted stock units financial
"shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition with code F for payment of tax liability"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
permitted transfers financial
"will convert automatically into one share of Class A Common Stock upon any transfer ... except for certain permitted transfers"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did FIGR director Michael Cagney report?
Michael Cagney reported a tax-withholding disposition of 30,370 Class B shares. These shares were withheld by the issuer at $28.07 each to cover tax owed on vesting restricted stock units and, per the filing, did not involve a market sale of stock.
What indirect FIGR holdings are reported for Michael Cagney?
The Form 4 lists indirect holdings of Class B Common Stock through Children’s Trust 1, Children’s Trust 2, and a Family Trust. Each trust position is tied to underlying Class A Common Stock on a one-for-one convertible basis, reflecting additional indirect economic exposure to Figure Technology Solutions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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