While the dollar amount is not large relative to market cap, the fact that two major shareholders and directors sold simultaneously — and are 10% owners — raises caution. Traders should monitor for follow-on selling, upcoming earnings, or potential overhang from previously held derivative positions. The non-cash conversions may indicate prior option exercises now being monetized.
Price Chart
Executive Summary
Two 10% owner directors at Figure Technology Solutions (FIGR) each sold approximately $478K of shares in open-market transactions on April 15, 2026, totaling $956K in insider selling. Both also executed non-cash derivative conversions on the same day, which had no economic value. The total open-market sell value represents about 0.012% of the company's $7.7B market cap, indicating modest but coordinated insider activity.
Key Financial Metrics
Key Facts
- Two director-insiders (Cagney Michael Scott and Ou June), each 10% owners, sold 14,121 shares apiece on April 15, 2026.
- Total open-market proceeds: $955,921 (rounded to $956K), with no open-market purchases in the cluster.
- Both insiders also converted derivative securities (67,840 shares each) on the same day, but these were non-cash transactions (value = $0).
- Total insider selling in the past 30 days now reaches $1.0M, indicating sustained disposition activity.
- The $956K in sales represents only 0.012% of FIGR's $7.7B market cap — below the 0.1% threshold for materiality, but notable due to coordination and insider status.
Financial Impact
$956,000 in open-market share sales by two 10% owner directors
Risk Factors
- Perception of insider pessimism, especially given both insiders are 10% owners.
- Potential for additional selling if other insiders follow suit.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-FIGR-1776463486648 |
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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