Boyden Adam Gilbert 4
4 · Figure Technology Solutions, Inc. · Filed Mar 11, 2026
Research Summary
AI-generated summary of this filing
Figure Technology (FIGR) Director Adam Boyden Distributes 3.81M Shares
What Happened Adam Boyden (Director) reported a disposition on 2026-03-09 of 3,811,094 shares of Figure Technology Solutions, Inc. (FIGR). The shares were distributed pro rata to members for no consideration (price $0.00, total proceeds $0) — this was a distribution, not an open‑market sale, and thus does not represent a cash sale.
Key Details
- Transaction date: 2026-03-09; Form 4 filed: 2026-03-11 (timely).
- Transaction type/code: Other acquisition/disposition (Code J) — pro rata distribution for no consideration (Footnote F1).
- Shares disposed: 3,811,094; Price: $0.00; Reported proceeds: $0.
- Shares owned after transaction (per filing/footnote F3): 2,840,064 total (408,643 by RPM III, 1,440,363 by BGW III, 991,058 by RPM IV).
- Footnote highlights:
- F1: Distribution was pro rata to members; not a market sale.
- F2: Holdings are held through multiple venture entities; the Reporting Person disclaims beneficial ownership except to the extent of any pecuniary interest.
- F4: Some shares referenced were acquired in transactions exempt from reporting under Rule 16a‑9 and 16a‑13.
- Filing timeliness: Filed two days after the transaction (within the usual Form 4 reporting window).
Context This was a non‑market distribution (a transfer to members) rather than a sale for cash, so it should not be read as a direct market sell signal. For retail investors, purchases or open‑market insider buys tend to be more informative than distributions or internal transfers; this entry mainly documents a reallocation through entity arrangements described in the footnotes.
Insider Transaction Report
- Other
Class A Common Stock
[F1][F2][F3]2026-03-09−3,811,094→ 2,840,064 total(indirect: See footnotes)
- 405,123(indirect: By Trust)
Class A Common Stock
[F4]
Footnotes (4)
- [F1]Represents a pro rata distribution to its members for no consideration. Not a market sale.
- [F2]The sole general partner for RPM Ventures III, L.P. ("RPM III") and RPM Ventures III-A, L.P. ("RPM III-A") is RPM Ventures III GP L.L.C. ("RPM III GP"). The sole general partner for BGW Ventures III, L.P. ("BGW III") is BGW Ventures III GP, L.L.C. ("BGW III GP"). The sole general partner for RPM Ventures IV, L.P. ("RPM IV") and RPM Ventures IV-A, L.P. ("RPM IV-A") is RPM Ventures IV GP L.L.C. ("RPM IV GP"). The managing members of each of RPM III GP, BGW III GP, and RPM IV GP are Adam Boyden and Marc Weiser (the "Managing Members"). The Managing Members share voting and dispositive power with respect to the shares held directly by each of RPM III (for itself and nominee for RPM III-A), BGW III, and RPM IV (for itself and nominee for RPM IV-A). The Reporting Person disclaims beneficial ownership with respect to such shares except to the extent of his pecuniary interest therein.
- [F3]Following the transaction reported on this Form 4, consists of (i) 408,643 shares of Class A Common Stock held by RPM III (for itself and as nominee for RPM III-A), (ii) 1,440,363 shares of Class A Common Stock held by BGW III and (iii) 991,058 shares of Class A Common Stock held by RPM IV (for itself and as nominee for RPM IV-A).
- [F4]Reflects shares acquired in a transaction exempt from reporting pursuant to Rule 16a-9 and Rule 16a-13. See footnotes (1) and (2).