Michael Benjamin Tannenbaum, Chief Executive Officer and Director of Figure Technology Solutions, Inc. (NASDAQ:FIGR), filed a Form 4 on October 26, 2026, disclosing two share-withholding transactions on October 22 and October 23, 2026, related to the vesting of restricted stock units.

Key Highlights

  • October 22 transaction: 132,862 shares of Class A Common Stock were withheld at $24.04 per share to satisfy tax liability on RSU vesting.
  • October 23 transaction: 15,354 additional shares were withheld at $23.19 per share for the same purpose.
  • Not market sales: The filing states both transactions "represent shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units. Not a market sale."
  • Remaining ownership: Following the two transactions, Tannenbaum directly beneficially owns 2,897,209 shares of Class A Common Stock.
  • Transaction codes: Both transactions are coded "F," consistent with the filing's footnote describing tax-withholding upon RSU vesting.

CEO Tannenbaum's RSU Tax-Withholding Transactions at Figure Technology Solutions

According to the filing, Michael Benjamin Tannenbaum, who serves as both Chief Executive Officer and Director of Figure Technology Solutions, Inc., reported two separate transactions involving Class A Common Stock on October 22 and October 23, 2026. Both transactions carried transaction code "F" in Table I of the Form 4.

On October 22, 2026, the issuer withheld 132,862 shares at a price of $24.04 per share. Following that transaction, Tannenbaum's direct beneficial ownership stood at 2,912,563 shares. On October 23, 2026, an additional 15,354 shares were withheld at $23.19 per share, reducing his direct beneficial ownership to 2,897,209 shares, according to the filing.

The filing's footnote clarifies that both disposals "represent shares withheld by the Issuer to satisfy tax liability on vesting of restricted stock units. Not a market sale." No derivative securities transactions were reported in Table II. The Form 4 was signed by Macrina Kgil as attorney-in-fact and filed on October 26, 2026.

What Was Disclosed

Figure Technology Solutions CEO Michael Benjamin Tannenbaum disclosed two RSU tax-withholding events totaling 148,216 shares of Class A Common Stock, disposed at prices of $24.04 and $23.19, leaving him with direct beneficial ownership of 2,897,209 shares as of October 23, 2026.