Figure Technology Solutions (NASDAQ: FIGR) details insider tax-share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions, Inc. director and 10% owner June Ou reported mainly updates to indirect holdings of Class B Common Stock held through children’s and family trusts. A spouse-related entity had 29,958 shares withheld at $31.80 per share to satisfy tax on vesting of restricted stock units, leaving 4,806,399 shares of Class B Common Stock held indirectly by the spouse. Additional large Class B positions are reported in separate children’s and family trusts; each Class B share is convertible into one Class A share.
Positive
- None.
Negative
- None.
Insights
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Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Ou June
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class B Common Stock | 29,958 | $31.80 | $953K |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
| holding | Class B Common Stock | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 4,806,399 shares (Indirect, By Spouse)
Footnotes (1)
- 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. Represents shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units. Not a market sale. Reflects a gift transfer exempt from reporting pursuant to Rule 16a-13.
Key Figures
Tax-withheld shares: 29958.0000 shares
Withholding price: 31.8000 per share
Spouse indirect holdings after transaction: 4806399.0000 shares
+3 more
6 metrics
Tax-withheld shares
29958.0000 shares
Shares withheld by the issuer to satisfy tax liability on vesting of restricted stock units
Withholding price
31.8000 per share
Value used for the tax-withholding disposition of Class B Common Stock via spouse
Spouse indirect holdings after transaction
4806399.0000 shares
Class B Common Stock held indirectly by spouse following the tax-withholding disposition
Children's Trust 1 holdings
3185970.0000 shares
Indirect Class B Common Stock held by Children's Trust 1
Children's Trust 2 holdings
3185970.0000 shares
Indirect Class B Common Stock held by Children's Trust 2
Family Trust holdings
31521107.0000 shares
Indirect Class B Common Stock held by Family Trust
Key Terms
Class B Common Stock, Class A Common Stock, restricted stock units, Rule 16a-13, +1 more
5 terms
Class B Common Stock financial
"Each outstanding share of Class B Common Stock will be convertible"
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
"satisfy 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.
Rule 16a-13 regulatory
"Reflects a gift transfer exempt from reporting pursuant to Rule 16a-13."
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.
FAQ
What insider activity did FIGR’s June Ou report in this Form 4?
June Ou reported mainly indirect holdings of Class B Common Stock through children’s and family trusts. The only transactional event was a spouse-related tax-withholding disposition of 29,958 shares tied to vesting of restricted stock units, which the issuer used to cover tax obligations.
What indirect FIGR holdings does June Ou report through family trusts?
Indirect holdings include 3,185,970.0000 Class B shares in Children’s Trust 1, another 3,185,970.0000 in Children’s Trust 2, and 31,521,107.0000 in a Family Trust. All are reported as Class B Common Stock positions with corresponding underlying Class A share equivalence.
What is the relationship between FIGR Class B and Class A Common Stock?
Each share of Class B Common Stock is convertible at any time, at the holder’s option, into one share of Class A Common Stock. Class B shares also convert automatically into Class A upon most transfers, except for specified permitted transfers described in the disclosure.
Does this FIGR Form 4 show any open-market stock sales by June Ou?
No open-market sales are reported. The only disposition is 29,958 shares withheld by the issuer to pay tax on restricted stock unit vesting, explicitly noted as “Not a market sale”. The other entries simply reflect indirect ownership positions in various family trusts.