Cagney Michael Scott’s SEC Form 4 activity over the past year paints a picture of consistent, large-scale disposition of shares in a single company, FIGR. Across 36 filings, Scott has executed zero open-market purchases and recorded no acquisitions, while selling approximately $75.7 million worth of stock. The recent pattern is dominated by sales and tax-related withholdings, with 15 open-market sales in the last year alone, including a cluster on May 13, 2026, that totaled roughly $1.34 million across six separate transactions. Earlier sales were far larger: on December 10, 2025, Scott sold about $7.88 million in three trades, and on November 21, 2025, he disposed of approximately $8.51 million in three more.
The selling bias is unambiguous, but the filings also reveal a mechanical component. Several of the largest recent transactions are coded “F,” meaning shares withheld to cover tax obligations—these include $2.02 million on March 3, 2026, $1.17 million on March 13, $1.10 million on April 10, and $1.19 million on May 10. These are automatic, not discretionary sales. Scott also received a zero-value grant (“A”) on June 4, 2026, and executed derivative conversions (“C”) with no cash value on multiple dates, including May 13 and April 15, 2026. The only outright open-market sales in the most recent quarter were the May 13 tranche, totaling roughly $1.34 million, and a single $990,343 sale on April 15, 2026.
Overall, the data shows a shareholder who is steadily reducing his position in FIGR, with the bulk of the dollar value coming from large, deliberate sales in late 2025 and early 2026, supplemented by routine tax-driven withholdings. There is no evidence of buying conviction—no “P” transactions appear in the record—and the trajectory is firmly toward distribution rather than accumulation. The absence of purchases, combined with the scale of sales, suggests a clear net-selling posture, though the filings themselves offer no insight into the rationale behind that direction.
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