Figure Technology CFO Minchung Kgil sold 4,000 shares of Class A Common Stock on 12 August 2026 for approximately $120,000. The shares were sold at prices ranging between $30.00 and $30.06. The transaction was executed under a Rule 10b5-1 trading plan, which Kgil adopted in December 2025. This type of plan allows company insiders to schedule stock sales in advance, demonstrating the sale was pre-planned rather than discretionary. Following the transaction, Kgil retains 491,651 shares, representing a 0.27% ownership stake in the company. The stock closed at $31.88 on 13 August 2026. Figure Technology Solutions operates blockchain-based platforms for consumer finance applications. The company has a market capitalisation of $6.9 billion and generated $709 million in trailing twelve-month revenue.

Figure Technology CEO Michael Tannenbaum says his blockchain-based platform processes mortgages in as fast as five days for about $1,000, compared to the industry average of 45 days and $12,000. The company works with 500 partners who use its technology to originate mortgages and sell loans through Figure's capital-light marketplace, Figure Connect. The firm is acquiring Kiavi, the market leader in residential transition loans for investor-owned properties, which represent 25% of US housing stock. The acquisition will add 40% to Figure's volume and over $100 million in EBITDA when it closes in the second half of the year. Tannenbaum notes that Americans hold $35 trillion in home equity. With rising home prices and interest rates creating a lock-in effect, homeowners are increasingly tapping equity for improvements and debt refinancing.

Figure Technology Solutions reported record marketplace volume of $4.3 billion in Q2 2026, marking 132% year-over-year growth. The company's strategic shift toward its Figure Connect platform now represents 65% of total volume, accelerating its transition to a capital-light, fee-based revenue model. Management attributes rapid partner growth to AI-enabled onboarding tools that reduced asset standardisation timelines from months to weeks. Partners originate 2.6 times more volume than their pre-platform baseline due to superior liquidity. The company guided Q3 volume between $4.8 billion and $5.2 billion. Figure is acquiring Kiavi, expected to close by year-end 2026, which should add approximately 40% to total volume and $100 million in incremental EBITDA. The company completed a $600 million senior notes offering at 8.5% to fund the acquisition.