09/16/2025 | Press release | Distributed by Public on 09/16/2025 17:14
FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Series B Preferred Stock | (4) | 09/12/2025 | C | 106,088 | (4) | (4) | Class A Common Stock | 106,088 | (4) | 0 | I | By Tessera Venture Capital Fund I, LP(3) | |||
Series C Preferred Stock | (4) | 09/12/2025 | C | 63,465 | (4) | (4) | Class A Common Stock | 63,465 | (4) | 0 | I | By Tessera Venture Capital Fund I, LP(3) | |||
Series D Preferred Stock | (4) | 09/12/2025 | C | 28,271 | (4) | (4) | Class A Common Stock | 28,271 | (4) | 0 | I | By Tessera Venture Capital Fund II, LP(3) |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Jaitly Sachin Chand C/O FIGURE TECHNOLOGY SOLUTIONS, INC. 100 WEST LIBERTY STREET, SUITE 600 RENO, NV 89501 |
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/s/ Ronald Chillemi, Attorney-in-Fact | 09/16/2025 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | This transaction occurred prior to the Issuer's registration of a class of equity securities under Section 12 of the Securities Exchange Act of 1934, as amended, in connection with the Issuer's initial public offering, and is reported herein pursuant to Rule 16a-2(a). |
(2) | Represents an acquisition of securities of the Issuer in exchange for securities of Figure Markets Holdings, Inc. pursuant to a business recombination transaction. |
(3) | Tessera Venture Capital Fund GP, LLC is the general partner of Tessera Venture Capital Fund I, LP. Tessera Venture Capital Fund II GP, LLC is the general partner of Tessera Venture Capital Fund II, LP. The Reporting Person is a Managing Partner of each of Tessera Venture Capital Fund GP, LLC and Tessera Venture Capital Fund II GP, LLC, and may be deemed to beneficially own the securities reported herein, but disclaims beneficial ownership except to the extent of his pecuniary interest therein. |
(4) | Immediately prior to the closing of the Issuer's initial public offering, each share of preferred stock of the Issuer automatically converted into one share of Class A Common Stock. |