Cagney Michael Scott 4
4 · Figure Technology Solutions, Inc. · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Figure (FIGR) 10% Owner Cagney Scott Withholds 33,286 Shares
What Happened
Cagney Michael Scott, reported as a 10% owner of Figure Technology Solutions, paid tax withholding related to a derivative award: 33,286 shares were withheld (disposed) at an effective per-share value of $35.07, for a notional value of about $1,167,340. This was a tax-withholding/settlement action on equity compensation (not an open-market sale or new purchase).
Key Details
- Transaction date: 2026-03-13; Filing date: 2026-03-17 (timely).
- Shares affected: 33,286 shares withheld; per-share value shown $35.07; total $1,167,340.
- Transaction code: F (tax withholding related to derivative/RSU vesting). This is not a market sale.
- Shares owned after transaction: not specified in the Form 4 filing.
- Relevant footnotes: F1 – Class B shares convertible to Class A on transfer; F2 – shares were withheld by the issuer to satisfy tax liability on RSU vesting.
Context
This was an administrative tax-withholding event tied to equity compensation (derivative/RSU vesting), where the company retained shares to cover taxes rather than shares being sold on the open market. As a reported 10% owner, Scott’s holdings are significant, and footnotes indicate standard conversion rights between Class B and Class A shares. Such withholding transactions are routine and do not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
- Tax Payment
Class B Common Stock
[F1][F2]2026-03-13$35.07/sh−33,286$1,167,340→ 30,003,950 total→ Class A Common Stock (33,286 underlying)
- 4,313,645(indirect: By Trust)
Class B Common Stock
[F1]→ Class A Common Stock (4,313,645 underlying) - 2,237,012(indirect: By LLC)
Class B Common Stock
[F1]→ Class A Common Stock (2,237,012 underlying) - 3,185,970(indirect: By Trust)
Class B Common Stock
[F1]→ Class A Common Stock (3,185,970 underlying) - 3,185,970(indirect: By Trust)
Class B Common Stock
[F1]→ Class A Common Stock (3,185,970 underlying)
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.