FIGR (FIGR) CEO has shares withheld to cover RSU tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. Chief Executive Officer Michael Benjamin Tannenbaum reported a tax-related share disposition. On April 23, 2026, 132,861 shares of Class A Common Stock were withheld at $32.22 per share to satisfy tax liability on the vesting of restricted stock units. The footnote clarifies this was not a market sale. After this withholding, he directly owned 3,365,268 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Tannenbaum Michael Benjamin
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 132,861 | $32.22 | $4.28M |
Holdings After Transaction:
Class A Common Stock — 3,365,268 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Tax-withheld shares: 132,861 shares
Reference share price: $32.22 per share
Post-transaction holdings: 3,365,268 shares
3 metrics
Tax-withheld shares
132,861 shares
Withheld to satisfy tax liability on RSU vesting
Reference share price
$32.22 per share
Value used for the tax-withholding disposition
Post-transaction holdings
3,365,268 shares
CEO’s direct Class A Common Stock after withholding
Key Terms
restricted stock units, tax-withholding disposition, Class A Common Stock
3 terms
restricted stock units financial
"tax liability on vesting of restricted stock units. Not a market sale."
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""
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.
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.
FAQ
What insider transaction did FIGR CEO Michael Tannenbaum report?
Michael Tannenbaum reported a tax-related share disposition. 132,861 FIGR Class A Common shares were withheld to cover tax liability from vesting restricted stock units, rather than sold in the market, leaving him with 3,365,268 directly owned shares afterward.
What does transaction code F mean in the FIGR CEO’s Form 4?
Transaction code F indicates a tax-withholding disposition. In this FIGR filing, it reflects shares delivered back to the issuer to satisfy tax liability on vesting restricted stock units, rather than an open-market sale initiated by the CEO.