Chief Capital Officer David Todd Shifts From Selling to Buying, Betting on Figure Technology’s Blockchain Future

Insider Activity Spotlight: Figure Technology Solutions

Current Trade and Market Context On August 14, 2026, Chief Capital Officer David Todd purchased 38,281 shares of Figure Technology Solutions’ Class A common stock at an average price of $4.82, raising his post‑transaction holdings to 424,249 shares. The trade comes just after the company’s stock closed at $35.76 on August 16, with the share price having surged 27.6 % over the past week. Despite the recent rally, Todd’s purchase price—well below the current market level—suggests he is positioning for a longer‑term upside or reinforcing his confidence in the company’s blockchain‑enabled financial platform. The transaction is part of a Rule 10b‑5‑1 trading plan that Todd adopted in December 2025, giving it a formal, rule‑compliant backdrop.

Implications for Investors Todd’s buying, coupled with a series of sales earlier in the month, reflects a dynamic balancing act: he is taking profits on the steep rally while simultaneously re‑acquiring equity. Investors may interpret this duality as an indication that the executive believes the current valuation still contains room for growth, especially as Figure continues to roll out its cross‑border payment and collateral‑settlement modules. The recent 52‑week high of $78, well above the current price, also points to a strong upside potential if the company can capture the projected corporate‑blockchain market that Van Eck predicts will expand significantly by 2030. For short‑term traders, however, the mixed insider activity signals caution; the stock’s high volatility—evidenced by a 27 % weekly gain—could still invite short‑term price swings.

Todd’s Transaction Profile Over the last year, Todd has engaged in a pattern of sizable sales, often selling between 5,000 and 20,000 shares at prices ranging from $35 to $43, interspersed with strategic purchases at the $4‑$5 level. His most recent sale on August 11 for 19,543 shares at $27.84 was followed by a buy of 38,281 shares at $4.82 on August 14, a clear reversal from a selling streak. This alternating behavior is typical of a Rule 10b‑5‑1 plan: the plan allows pre‑established sales at market‑conditioned prices, while purchases are made at predetermined, often discounted, levels. Historically, Todd has also sold a large number of stock options (38,821 shares vested on May 14) at zero exercise price, indicating he has already realized option gains and may be focusing on equity re‑investment.

Company‑Wide Insider Trends Figure’s other executives—chief financial officer Kgil Minchung and chief executive officer Michael Tannenbaum—have been active sellers in the last six weeks, together offloading roughly 70,000 shares. Their sales occurred at prices hovering around $28–$32, roughly 10 % below the current trading level. The simultaneous buying by Todd suggests a divergence in outlook among the top management: while CFO and CEO appear to be taking profits, the capital officer is reinforcing a long‑term stake. The net effect is a relatively balanced insider sentiment, with no single executive exerting dominant influence over the stock’s trajectory.

What It Means Going Forward Todd’s purchase signals confidence in Figure’s trajectory, especially as the company scales its private‑blockchain solutions amid a growing institutional appetite for regulated networks. Investors should watch for upcoming earnings releases and product milestones—particularly the integration of the XRP Ledger‑based cross‑border payment layer—since these could validate the high‑growth narrative implied by the insider trade. Meanwhile, the heavy selling by other executives may indicate a desire to lock in gains after a recent rally, creating a potential short‑term pressure on the stock if the market interprets the sales as a lack of confidence. Overall, Todd’s move injects a dose of optimism that could help temper the negative sentiment seen in some social‑media chatter (sentiment score of zero) and leverage the heightened buzz (36.6 % communication intensity) that accompanies a 27 % weekly surge.