Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES
Use of Initial Public Offering Proceeds
On September 10, 2025, the SEC declared effective our Registration Statement on Form S‑1 (File No. 333‑289695), as amended, filed in connection with our IPO. There has been no material change in the planned use of the net proceeds from our IPO as described in our Prospectus.
Market Information for Common Stock
Our Class A common stock is traded on the NASDAQ Global Select market under the symbol “FIGR”. Our Class B common stock is not listed or traded on any national securities exchange. Our Blockchain Stock is traded exclusively on our ATS and is not listed or traded on any national securities exchange.
Dividend Policy
We have never declared or paid cash dividends on our common stock or Blockchain Stock. We currently intend to retain all available funds and any future earnings to fund the development and growth of our business. Accordingly, we do not expect to pay cash dividends on our common stock or Blockchain Stock in the foreseeable future.
Stockholders
As of December 31, 2025, there were 337 Class A common stockholders of record, 5 Class B common stockholders of record and no Blockchain stockholders of record. Because many of our shares of common stock are held by brokers or other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by the record holders.
Issuer Purchases of Equity Securities
We did not repurchase any shares of our Class A common stock during the year ended December 31, 2025.
Recent Sales of Unregistered Securities
We did not sell any equity that were not registered under the Securities Act of 1933 during the three months ended December 31, 2025.
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Stock Performance Graph
The following performance graph compares the cumulative total shareholder return of an investment in our common stock from September 11, 2025 (first day of trading) through December 31, 2025 to the cumulative total return of the NASDAQ Composite index as well as the Russell 2000 index. The graph assumes that $100 was invested on September 11, 2025 and the reinvestment of dividends, if any. The share price performance presented below is not necessarily indicative of future results. The stock performance graph below reflects only the performance of our Class A common stock, as our Blockchain Stock was not trading during fiscal year 2025.
The stock performance graph is not deemed to be “soliciting material” or “filed” for purposes of Section 18 of the Exchange Act and is not deemed incorporated by reference into any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference.
ITEM 6. [RESERVED]
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