Michael Scott Cagney, a director at Figure Technology Solutions, Inc. (FIGR), sold 67,840 shares of Class A common stock on April 15, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The trades amounted to about $2.38 million in proceeds and were executed across several transactions with per-share prices ranging from $33.8475 to $35.9328.
The filing indicates the sales were completed under a pre-established Rule 10b5-1 trading plan that the director adopted on December 12, 2025. On the same day as the sales, Cagney converted 67,840 shares of Class B common stock into Class A common stock.
Figure Technology's shares are trading at $36.67, giving the company a market capitalization of $7.73 billion. InvestingPro analysis cited in the filing notes that the company appears overvalued at current levels, with shares trading at a high earnings multiple of 78.
Operationally, Figure reported a notable expansion in its loan marketplace volume in the first quarter of 2026. Quarterly volume reached $2.9 billion, an increase of 113% year-over-year and a 7% rise from the prior quarter. The company also recorded monthly origination volumes above $1 billion in March 2026.
Despite these top-line gains in origination activity, Figure faced a setback in the fourth quarter of 2025 when it missed analysts' earnings per share expectations. The company reported EPS of $0.06, below the expected $0.15. Revenue for that quarter was $159.91 million.
In the research community, Bernstein SocGen Group adjusted its price target for Figure Technology to $67 from $72 while retaining an Outperform rating. The firm projects $12.8 billion in loan volumes for 2026, a 53% increase over the prior year.
For investors seeking more detail on the company's valuation and financial profile, a comprehensive Pro Research Report is available for Figure Technology and more than 1,400 other U.S. equities.
Context and balance
The director-level sale and share-class conversion were carried out under a pre-arranged trading plan, as noted in the SEC filing. The company shows pronounced growth in loan marketplace activity in early 2026, but its recent earnings miss and a high earnings multiple flagged by InvestingPro indicate a mixed financial picture.