Kgil Minchung, serving as the Chief Financial Officer for Figure Technology Solutions, Inc. (FIGR), has completed a divestment of company equity. On June 24, 2026, Minchung sold a total of 4,000 shares of the firm's Class A Common Stock. The aggregate value of these transactions reached $110,572. The execution of these sales involved a range of individual share prices, spanning from $26.97 to $29.08.
The disposition of shares was not a single event but rather a structured series of three distinct transactions. The most substantial block consisted of 3,232 shares, which were disposed of at a weighted average price of $27.3981 per share. The pricing for this specific block fluctuated between $26.97 and $27.91. Following this, an additional 704 shares were sold at a weighted average price of $28.6440. The price points for this second tranche ranged from $27.96 to $28.94. The final transaction involved a smaller block of 64 shares, executed at a weighted average price of $29.0125, with prices ranging between $28.97 and $29.08.
These sales were facilitated under the parameters of a Rule 10b5-1 trading plan. Minchung originally adopted this plan on December 10, 2025, which allows for pre-arranged stock transactions. Following the completion of these recent sales, Minchung's direct holdings in Figure Technology Solutions, Inc. Class A Common Stock stand at 503,651 shares.
The insider activity unfolds as Figure Technology Solutions reports robust operational metrics. For the first quarter of 2026, the company delivered earnings per share (EPS) of $0.18, surpassing analyst forecasts of $0.15. Revenue for the quarter reached $167 million, reflecting a 92% year-over-year increase.
Strategic expansion remains a focus for the firm. Figure Technology Solutions recently announced a definitive agreement to acquire Kiavi, an AI-powered lending platform, for $717 million. This transaction involves the purchase of Kiavi's balance sheet assets through a joint venture with Sixth Street. Additionally, the company has strengthened its position in the digital asset sector. Cross River Bank has committed to purchasing up to $250 million in assets to support Figure's crypto-backed loan program. This arrangement enables consumers to access liquidity without liquidating their cryptocurrency holdings.
Market activity within Figure's core lending operations also shows growth. The company reported a 135% increase in consumer loan marketplace volume for May 2026, totaling $1.4 billion. This figure represents a 5% month-over-month rise and marks a significant expansion compared to May 2025 levels.