Insider Trading March 12, 2026

Figure Technology Director Disposes $7.29M in Class A Shares

Sachin Chand Jaitly’s March 10 sale reduces Tessera funds’ holdings to zero as analysts weigh earnings miss and growth metrics

By Marcus Reed FIGR
Figure Technology Director Disposes $7.29M in Class A Shares
FIGR

Director Sachin Chand Jaitly sold Class A common stock of Figure Technology Solutions on March 10, 2026, in transactions totaling $7.29 million. The dispositions involved multiple lots at weighted average prices between $33.5012 and $34.3848 and left the Tessera Venture Capital funds with no remaining holdings. The moves come amid mixed company fundamentals and divergent analyst price targets.

Key Points

  • Director Sachin Chand Jaitly sold Figure Technology Class A shares on March 10, 2026, totaling $7.29 million across multiple lots priced between $33.5012 and $34.3848.
  • The shares sold were held by Tessera Venture Capital Fund, LP and Tessera Venture Capital Fund II, LP; both funds now report zero holdings of the issuer’s Class A common stock.
  • Company results show a Q4 2025 EPS of $0.06 versus expectations of $0.15 (a 60% negative surprise), alongside strong revenue growth and February 2026 consumer loan marketplace volume of $896 million, up 127% year-over-year.

Director Sachin Chand Jaitly reported a series of dispositions of Figure Technology Solutions, Inc. (NASDAQ: FIGR) Class A common stock on March 10, 2026, with the aggregate value of the sales reported as $7.29 million.

The filings indicate the sales included shares priced in a range from $33.5012 to $34.3848. Specifically, Jaitly indirectly disposed of 156,947 shares at a weighted average price of $33.5012 and 28,795 shares at a weighted average price of $34.3848. Separate entries show the disposition of 26,170 shares at a weighted average price of $33.5012 and 4,801 shares at a weighted average price of $34.3848.

The shares involved in these transactions were held by Tessera Venture Capital Fund, LP and Tessera Venture Capital Fund II, LP. After the March 10 trades, both Tessera Venture Capital Fund, LP and Tessera Venture Capital Fund II, LP reported holding zero shares of the issuer’s Class A common stock.

Market context in the filing notes that FIGR was trading at $36.14 at the time the report was prepared, representing nearly a 19% increase in the stock over the prior week. Valuation commentary included an InvestingPro assessment that the shares appeared overvalued on a price-to-earnings basis, trading at a P/E ratio of 57.45, and referenced the availability of a more detailed InvestingPro Research Report for subscribers seeking additional valuation analysis and ProTips.

The insider sale coincides with recent company results for the fourth quarter of 2025. Figure Technology reported earnings per share of $0.06 for the period, short of analysts’ expectations of $0.15 and constituting a 60% negative surprise versus estimates. The company did, however, report robust top-line expansion for the quarter.

Operational volume metrics released for February 2026 showed notable growth in the company’s consumer loan marketplace. Volume in that channel increased 127% year-over-year to $896 million in February 2026 versus $395 million in February 2025. Separately, the amount of $YLDS in circulation rose to $588 million as of the end of February.

Analyst reactions included a pair of price target adjustments. Mizuho trimmed its price target on Figure Technology to $55 from $64 while keeping an Outperform rating; that revision was attributed in the note to the fourth-quarter outcomes and the company’s new partnership with Agora aimed at entering the auto-loans market. Bank of America Securities also lowered its price target, moving it to $34 from $42 and maintaining an Underperform rating, citing concerns about the pace at which large banks might adopt Figure’s loan origination system.

Taken together, the reported insider sale, recent operating metrics and diverging analyst views present a mixed picture for Figure Technology as it seeks market expansion and greater adoption of its lending platform products.


Summary

Sachin Chand Jaitly, a director at Figure Technology Solutions, sold Class A shares on March 10, 2026, in transactions totaling $7.29 million. The sales came in multiple lots at weighted average prices between $33.5012 and $34.3848 and were executed from holdings of Tessera Venture Capital Fund, LP and Tessera Venture Capital Fund II, LP, which now report zero holdings. The disclosures arrive amid a recent EPS miss for Q4 2025, strong revenue and marketplace volume growth, and analyst target adjustments.

Risks

  • Earnings shortfall - The Q4 2025 EPS of $0.06 missed the $0.15 consensus estimate, indicating potential performance risks for equity investors; this directly affects equity markets and financial sector assessments.
  • Adoption uncertainty - Bank of America Securities flagged concerns about large banks adopting Figure’s loan origination system, posing a risk to the company’s growth strategy in lending and fintech sectors.
  • Analyst divergence - Divergent analyst price targets and ratings (Mizuho’s Outperform with a lower target and BofA’s maintained Underperform at a reduced target) underline uncertainty in capital markets sentiment toward the company.

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