Figure Technology Solutions (FIGR) officer sells 47,064 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Figure Technology Solutions Chief Capital Officer David Todd Stevens reported an option exercise and related share sales. On May 14, 2026, he exercised stock options covering 38,821 shares of Class A Common Stock at an exercise price of $4.82 per share.
On the same date, he sold a total of 47,064 shares of Class A Common Stock in six open-market transactions at weighted average prices between $38.91 and $44.46, as detailed by price ranges in the footnotes. These transactions were carried out under a pre-arranged Rule 10b5-1 trading plan. After the transactions, he continued to hold more than 400,000 shares directly.
Positive
- None.
Negative
- None.
Insights
Pre-planned option exercise and partial sale; routine net reduction in holdings.
The reporting officer exercised stock options for 38,821 Class A shares at an exercise price of $4.82 and sold 47,064 shares of **Figure Technology Solutions, Inc.** Class A Common Stock in open-market trades on May 14, 2026.
Footnotes state the sales were executed under a Rule 10b5-1 trading plan adopted on December 10, 2025, indicating they were pre-scheduled rather than opportunistic. Prices were reported as weighted averages, with individual trades occurring between $38.91 and $44.46.
Following the transactions, the officer continued to hold more than 400,000 shares directly, so the activity represents a partial monetization rather than a full exit. Overall, this appears to be routine portfolio and compensation management rather than a thesis-changing event.
Insider Trade Summary 10b5-1
Net Seller: 47,064 shares ($1,993,099)
Net Sell
8 txns
Insider
Stevens David Todd
Role
Chief Capital Officer
Sold
47,064 shs ($1.99M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option | 38,821 | $0.00 | -- |
| Exercise | Class A Common Stock | 38,821 | $4.82 | $187K |
| Sale | Class A Common Stock | 5,800 | $39.4687 | $229K |
| Sale | Class A Common Stock | 5,702 | $40.4858 | $231K |
| Sale | Class A Common Stock | 4,617 | $41.4676 | $191K |
| Sale | Class A Common Stock | 6,570 | $42.5285 | $279K |
| Sale | Class A Common Stock | 16,909 | $43.3393 | $733K |
| Sale | Class A Common Stock | 7,466 | $44.1519 | $330K |
Holdings After Transaction:
Stock Option — 535,398 shares (Direct, null);
Class A Common Stock — 453,115 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 $38.91 to $39.90. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $39.95 to $40.93. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $40.97 to $41.90. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $41.97 to $42.96. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.97 to $43.96. 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. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $43.975 to $44.46. 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. The option vested with respect to one quarter of the underlying shares on November 11, 2025, and with respect to the remaining shares in 36 monthly installments thereafter.
Key Figures
Shares sold: 47,064 shares
Shares acquired via option exercise: 38,821 shares
Exercise price: $4.82 per share
+4 more
7 metrics
Shares sold
47,064 shares
Open-market sales of Class A Common Stock on May 14, 2026
Shares acquired via option exercise
38,821 shares
Class A Common Stock acquired by exercising stock options
Exercise price
$4.82 per share
Conversion or exercise price for stock option into Class A Common Stock
Sale price range
$38.91–$44.46
Price ranges for multiple open-market sales, reported as weighted averages
Net buy/sell shares
-47,064 shares
Net share direction across reported buy/sell activity in transaction summary
Rule 10b5-1 plan adoption date
December 10, 2025
Date on which the trading plan governing these sales was adopted
Option expiration
November 11, 2034
Expiration date for the stock option exercised into 38,821 shares
Key Terms
Rule 10b5-1 trading plan, weighted average price, stock option, derivative security, +1 more
5 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.
stock option financial
"The option vested with respect to one quarter of the underlying shares on November 11, 2025, and with respect to the remaining shares in 36 monthly installments thereafter."
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
open-market sale financial
"Sale in open market or private transaction"
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 transactions did FIGR’s Chief Capital Officer report on May 14, 2026?
He reported exercising stock options for 38,821 shares and selling 47,064 shares of Class A Common Stock. All sales were open-market transactions executed at weighted average prices between $38.91 and $44.46 on May 14, 2026.
Was the FIGR insider’s May 14, 2026 stock sale pre-planned?
Yes, the filing states the sales were effected under a Rule 10b5-1 trading plan adopted on December 10, 2025. Such plans schedule trades in advance, indicating these transactions followed a preset plan rather than being timed discretionarily.
What prices were received in the FIGR insider’s May 14, 2026 stock sales?
The reported prices are weighted averages, with transactions occurring in ranges from $38.91 to $44.46. Separate footnotes detail narrower price bands within this range, reflecting multiple trades executed throughout the day.
What were the key terms of the FIGR stock option exercised in this Form 4?
The exercised stock option covered 38,821 underlying shares of Class A Common Stock at a conversion or exercise price of $4.82 per share. A footnote explains it vested one quarter on November 11, 2025, with remaining shares vesting in 36 monthly installments.