Insider Trading April 17, 2026 06:10 PM

Figure Technology Director Ou June Sells $2.39M in Class A Stock, Converts Class B Holdings

Insider dispositions executed under a prearranged 10b5-1 plan; company posts robust loan volume growth but recent earnings missed expectations

By Leila Farooq FIGR
Figure Technology Director Ou June Sells $2.39M in Class A Stock, Converts Class B Holdings
FIGR

Ou June, a 10% owner of Figure Technology Solutions (FIGR), disposed of 67,840 shares of Class A common stock on April 15, 2026, for $2,387,554 in multiple trades executed under a Rule 10b5-1 plan. The director also converted an equal number of Class B shares into Class A on the same day. FIGR reported strong loan marketplace growth in Q1 2026 but missed Q4 2025 earnings expectations, and an analyst recently trimmed the price target while keeping an Outperform rating.

Key Points

  • Ou June, a ten percent owner of Figure Technology Solutions, sold 67,840 Class A shares on April 15, 2026, for $2,387,554 across multiple trades executed under a Rule 10b5-1 plan adopted December 12, 2025.
  • On the same day, Ou June converted 67,840 Class B shares into Class A shares; post-transactions holdings include 17,661 Class A shares indirectly and 6,128,993 shares directly.
  • Figure reported $2.9 billion in loan marketplace volume for Q1 2026 (up 113% year-over-year and 7% quarter-over-quarter), while Q4 2025 results showed an EPS miss and revenues of $159.91 million; an analyst trimmed the price target to $67 but kept an Outperform rating.

Director Ou June, who holds a ten percent stake in Figure Technology Solutions, Inc. (NASDAQ: FIGR), sold 67,840 shares of Class A common stock on April 15, 2026, generating proceeds of $2,387,554. The disposal took place across multiple transactions at prices spanning $33.8475 to $35.9328 per share.

The block of sales was reported as three separate transactions. The first transaction comprised 14,121 shares transacted at $33.8475 per share. The second transaction included 26,158 shares at a weighted average price of $35.1422, with individual trade prices ranging from $34.595 to $35.58. The final tranche consisted of 27,561 shares at a weighted average price of $35.9328, with trade prices in that lot between $35.605 and $36.35.

Also on April 15, 2026, Ou June converted 67,840 shares of Class B common stock into Class A common stock. The sales were carried out pursuant to a prearranged Rule 10b5-1 trading plan that was adopted on December 12, 2025.

Following these transactions, Ou June's reported holdings include 17,661 shares of Class A common stock held indirectly through a family trust and 6,128,993 shares held directly.


Market context provided with the filing shows FIGR shares trading at $36.67. That level is roughly 10% lower year-to-date and about 53% below the stock's 52-week high of $78. Data referenced in the filing indicates that the stock is considered overvalued relative to its Fair Value, according to InvestingPro.

Operationally, Figure Technology posted sizable growth in its loan marketplace during the first quarter of 2026. The company reported $2.9 billion in loan marketplace volume for Q1, a 113% increase year-over-year and a 7% increase versus the prior quarter. March origination volume alone was $1.19 billion, up 102% from March of the prior year. The company also noted that monthly origination volumes surpassed $1 billion in March 2026.

Despite the growth in originations, Figure faced profitability pressure in the most recently reported quarter. For Q4 2025 the company posted earnings per share of $0.06, which represented a 60% miss relative to the $0.15 analysts had expected. Revenue for that quarter was reported at $159.91 million, reflecting top-line expansion but not sufficient to meet consensus earnings.

On the analyst front, Bernstein SocGen Group reduced its price target for Figure Technology to $67 from $72 while maintaining an Outperform rating. The firm projects that Figure will process $12.8 billion in loan volumes for full-year 2026, implying 53% year-over-year growth.

The securities transactions by a significant shareholder, the contemporaneous conversion of Class B shares to Class A, and the mixed operating and financial signals in recent quarters collectively provide investors with updated information about insider liquidity and company momentum. Investors seeking detailed valuation and performance analysis are pointed to the company's Pro Research materials referenced in the filing.

Risks

  • Earnings volatility - Q4 2025 EPS was $0.06, a 60% shortfall from the $0.15 expectation, indicating potential near-term profitability risks for investors and impacting financial sector and fintech valuations.
  • Valuation mismatch - InvestingPro data indicates FIGR is trading above its Fair Value, which could pose downside risk to equity investors in the event of weaker operational performance.
  • Concentration of insider holdings and liquidity actions - Significant insider selling and conversion of share classes could affect market perception and trading dynamics in FIGR stock, with potential implications for equity market liquidity.

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