This is a routine partial exit by a pre-IPO fund manager, not a management insider sale. The $5.4M sale is small relative to market cap, but the pattern of recent insider selling ($1.9M in 30 days) warrants monitoring for any acceleration. No immediate trading action needed.
Price Chart
Executive Summary
Morgan Creek Capital Management, LLC filed a Form 144 on behalf of its fund, Morgan Creek Blockchain Opportunities Fund LP, indicating intent to sell 141,728 shares of Figure Technology Solutions (FIGR) common stock, valued at approximately $5.4 million based on the filing date. The shares were acquired in a private placement in February 2019, and the filing represents a routine partial exit by a pre-IPO investor, not an insider sale by management. The sale is modest relative to FIGR's $8.6B market cap and does not signal operational concern, though it adds to recent insider selling activity totaling $1.9M over the past 30 days.
Key Facts
- Morgan Creek Capital Management filed a Form 144 to sell 141,728 shares of FIGR common stock.
- The shares were acquired in a private placement on February 27, 2019.
- The proposed sale value is approximately $5,423,930.56 based on the filing date.
- The selling entity is an investment manager and pre-IPO investor, not an officer or director of the company.
- The filing adds to recent insider selling activity: 6 sells totaling $1.9M over the past 30 days.
- FIGR has an $8.6B market cap and trades OTC with 86% bullish analyst consensus.
Financial Impact
Proposed sale of 141,728 shares valued at ~$5.4M, representing less than 0.1% of FIGR's $8.6B market cap.
Risk Factors
- Additional insider selling could pressure the stock if the pattern accelerates.
- The OTC listing may amplify the impact of any selling volume.
- The filing is an intent to sell; the actual sale may not occur.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 144 Filing (Primary) | 0001628280-26-061201 |
| Document: 0001628280-26-061201-index.html | 0001628280-26-061201 |
| Document: 0001628280-26-061201.txt | 0001628280-26-061201 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 22d ago | Press Release | $36.57 $33.71 | ▼ −7.82% | ▼ −7.32% | $28.53 (−21.99%) |
Sep 10, 2026 23d ago | 144 | $36.57 $33.71 | ▼ −7.82% | ▼ −7.32% | $28.53 (−21.99%) |
Sep 1, 2026 4w ago | 8-K | $33.70 $38.12 | ▲ +13.12% | ▲ +13.03% | $28.53 (−15.34%) |
Aug 18, 2026 6w ago | Insider Cluster | $35.52 $41.14 | ▲ +15.82% | ▲ +16.02% | $28.53 (−19.68%) |
Aug 16, 2026 6w ago | Institutional Cluster | $35.76 $38.64 | ▲ +8.07% | ▲ +9.26% | $28.53 (−20.21%) |
Jul 15, 2026 11w ago | Press Release | $30.87 $29.24 | ▲ +5.28% | ▲ +3.61% | $28.53 (+7.58%) |
Jul 7, 2026 12w ago | Press Release | $30.65 $29.96 | ▼ −2.25% | ▼ −3.11% | $28.53 (−6.92%) |
Jul 6, 2026 12w ago | 8-K | $34.41 $31.80 | ▼ −7.58% | ▼ −8.07% | $28.53 (−17.09%) |
Jun 11, 2026 16w ago | Institutional Cluster | $28.15 $27.40 | ▼ −2.66% | ▼ −3.10% | $28.53 (+1.35%) |
Jun 11, 2026 16w ago | Institutional Cluster | $28.15 $27.40 | ▼ −2.66% | ▼ −3.10% | $28.53 (+1.35%) |
US Market Status
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