Michael Scott Cagney, Director and 10% Owner of Figure Technology, carried out multiple transactions on September 12, 2025. He first converted 1,500,000 shares of Class A Common Stock through a transfer (Transaction Code: C) and then immediately sold them (Transaction Code: S) at $25 per share. Following these transactions, his ownership in this class of securities reduced to zero. These transactions reflect significant adjustments in holdings via derivative securities, which may have a complex impact on the company's stock price. Investors should closely monitor the situation.