A Form 4 filed on September 15, 2026, reports that Minchung Kgil, Chief Financial Officer of Figure Technology Solutions, Inc. (NASDAQ:FIGR), exercised stock options and acquired shares of Class A Common Stock on September 11, 2026.

Key Highlights

  • Reporting person: Minchung Kgil, Chief Financial Officer of Figure Technology Solutions, Inc.
  • Transaction date: September 11, 2026, involving 20,746 shares of Class A Common Stock acquired via option exercise (transaction code M).
  • Exercise price: $4.82 per share for both the stock option conversion and the resulting share acquisition.
  • Post-transaction direct ownership: 481,067 shares of Class A Common Stock held directly following the reported transaction.
  • Remaining derivative securities: 654,254 stock options beneficially owned directly following the transaction, with an expiration date of December 2, 2034.
  • Vesting schedule: The option vests as to one quarter of underlying shares on December 2, 2025, with the remaining shares vesting in 36 monthly installments thereafter.

CFO Option Exercise Details for Figure Technology Solutions

According to the filing, Minchung Kgil, serving as Chief Financial Officer at Figure Technology Solutions, Inc., reported a single transaction on September 11, 2026. The transaction code recorded is M, indicating an exercise of derivative securities. Kgil acquired 20,746 shares of Class A Common Stock at a price of $4.82 per share. Following this transaction, the filing discloses that Kgil directly holds 481,067 shares of Class A Common Stock.

In Table II of the filing, covering derivative securities, the stock option carried a conversion or exercise price of $4.82. The filing reports that 20,746 options were exercised on September 11, 2026, with the underlying security being Class A Common Stock. The derivative security is set to expire on December 2, 2034. After the reported exercise, Kgil beneficially owns 654,254 stock options directly, the filing states. The price of the derivative security is listed as $0 in the filing.

The filing includes an explanation noting that the option vests with respect to one quarter of the underlying shares on December 2, 2025, and with respect to the remaining shares in 36 monthly installments thereafter. The Form 4 was filed as an individual filing by one reporting person and is not marked as an amendment. The form was signed on September 15, 2026.

What Was Disclosed

The filing discloses an option exercise by Figure Technology Solutions CFO Minchung Kgil on September 11, 2026, covering 20,746 shares of Class A Common Stock at $4.82 per share, leaving 654,254 stock options and 481,067 directly held shares outstanding.