David Todd Stevens, Chief Capital Officer of Figure Technology Solutions, Inc. (NASDAQ:FIGR), filed a Form 4 on August 18, 2026, reporting transactions in Class A Common Stock on August 14, 2026, including an option exercise and three open-market sales executed under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Option exercise: Stevens acquired 38,281 shares of Class A Common Stock via stock option exercise (transaction code M) at $4.82 per share on August 14, 2026.
  • First sale tranche: 40,778 shares were disposed of at a weighted average price of $31.2573, with individual transactions ranging from $30.70 to $31.68.
  • Second sale tranche: 6,135 shares were disposed of at a weighted average price of $32.0295, with individual transactions ranging from $31.70 to $32.58.
  • Third sale tranche: 737 shares were disposed of at a weighted average price of $32.9439, with individual transactions ranging from $32.70 to $33.18.
  • Post-transaction ownership: Stevens directly held 376,599 shares of Class A Common Stock following the reported transactions.
  • 10b5-1 plan: According to the filing, all sales were effected pursuant to a Rule 10b5-1 trading plan adopted on December 10, 2025.
  • Remaining derivative position: Stevens held 497,657 stock options directly following the reported option exercise.

Stevens Exercises Options and Sells Class A Shares Across Three Price Tranches

According to the Form 4 filing, David Todd Stevens, serving as Chief Capital Officer of Figure Technology Solutions, Inc., carried out four transactions on August 14, 2026. The first was an option exercise under transaction code M, in which Stevens acquired 38,281 shares of Class A Common Stock at an exercise price of $4.82 per share, bringing his directly held position to 424,249 shares before the subsequent sales.

The filing reported three separate sale tranches, all executed on the same date and all attributed to a Rule 10b5-1 trading plan Stevens adopted on December 10, 2025. In the first tranche, 40,778 shares were sold at a weighted average price of $31.2573, with actual transaction prices ranging from $30.70 to $31.68. In the second, 6,135 shares were sold at a weighted average price of $32.0295, with prices ranging from $31.70 to $32.58. In the third tranche, 737 shares were sold at a weighted average price of $32.9439, with prices ranging from $32.70 to $33.18. The filing notes that Stevens will provide full per-price detail upon request to the issuer, any security holder, or the SEC staff.

In Table II, the filing disclosed that the stock option underlying the August 14 exercise carries an exercise price of $4.82 and expires on November 11, 2034. The filing states the option "vested with respect to one quarter of the underlying shares on November 11, 2025, and with respect to the remaining shares in 36 monthly installments thereafter." Following the exercise, Stevens held 497,657 stock options directly. The Form 4 was filed by Macrina Kgil as Attorney-in-Fact on August 18, 2026, and the box indicating a Rule 10b5-1(c) transaction was checked on the form.

What Was Disclosed

The filing reported a stock option exercise of 38,281 shares and three open-market sales totaling 47,650 shares of Class A Common Stock by Figure Technology Solutions' Chief Capital Officer on August 14, 2026, all sales executed under a pre-adopted 10b5-1 plan.