Figure Technology Solutions, Inc. 10-K

ITEM 9A. CONTROLS AND PROCEDURES Limitations on Effectiveness of Controls and Procedures In designing and evaluating our disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply judgment in evaluating the benefits of possible controls and procedures relative to their costs. Evaluation of Disclosure Controls and Procedures Our management, with the participation of our principal executive officer and principal financial officer, evaluated, as of the end of the period covered by this Annual Report on Form 10-K, the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act). Based on that evaluation, our principal executive officer and principal financial officer concluded that, as of December 31, 2025, our disclosure controls and procedures were effective at the reasonable assurance level. Remediation of Previously Reported Material Weaknesses As previously disclosed, as of December 31, 2024, the following material weaknesses existed: • We did not design or maintain an effective control environment commensurate with our financial reporting requirements; specifically, we did not maintain adequate resources in the accounting and finance functions with requisite knowledge, skills, and experience to accurately apply GAAP; and • We did not maintain effective risk assessment and monitoring; specifically, we did not maintain adequate accounting function personnel to perform appropriate identification of risk points, and to design, implement, and monitor the effectiveness of internal controls addressing the risk points identified. These material weaknesses contributed to several additional material weaknesses. Specifically, we did not (i) design and maintain controls over technical accounting transactions to achieve adequate and timely analysis, (ii) effectively review manual aspects of recording loan assets to ensure that they were properly reflected on our balance sheet, or (iii) adequately review deliverables from management’s valuation specialists. We have not identified a material misstatement to our financial statements resulting from the material weaknesses described above. During the year ended December 31, 2025, the Company implemented remediation actions, including hiring additional resources and implementing internal controls over financial reporting designed to address the material weaknesses. Based on the remediation actions completed during the year ended December 31, 2025, the Company concluded that it has remediated the material weaknesses that existed as of December 31, 2024. Changes in Internal Control Over Financial Reporting There were no changes in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the year ended December 31, 2025 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting, other than those implemented for the remediation of the material weaknesses. Management's Report on Internal Control over Financial Reporting This Annual Report does not include a report of management's assessment regarding internal control over financial reporting or an attestation report of our independent registered public accounting firm due to a transition period established by the rules of SEC for newly public companies. Additionally, our independent registered accounting firm will not be required to opine on the effectiveness of our internal control over financial reporting pursuant to Section 404 of Sarbanes-Oxley Act of 2002 until we are no longer an “emerging growth company” as defined in the JOBS Act. 181 Table of Contents ITEM 9B. OTHER INFORMATION Annual Meeting of Stockholders The board of directors has established Thursday, June 4, 2026 as the date of the Company's 2026 Annual Meeting. Share Repurchase Program On February 25, 2026, the Company’s Board of Directors authorized a share repurchase program under which the Company may repurchase up to $200 million of its Class A and Blockchain common stock over the next 12 months subject to market conditions, contractual restrictions and other factors. Repurchases under the program may be made from time to time in the open market, through privately negotiated transactions, accelerated share repurchase transactions, or by other means in accordance with applicable securities laws and regulations. The timing, number of shares repurchased, and prices paid will depend on market conditions, share price, trading volume, corporate considerations, and other factors. Open market repurchases will be structured to occur within the pricing and volume requirements of Rule 10b-18. The Company may also, from time to time, enter into Rule 10b5-1 plans to facilitate repurchases of its shares under this authorization. This program does not obligate the Company to acquire any particular amount of stock and the program may be extended, modified, suspended or discontinued at any time at the Company’s discretion. Insider Trading Arrangements and Policies On December 12, 2025 , Michael Cagney , a member of our Board of Directors , adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to the net number of shares of Class A common stock underlying 666,863 shares of restricted stock units (such total number of shares is not determinable), subject to a limit price of $25.00, until December 17, 2026. On December 3, 2025 , Michael Tannenbaum , our Chief Executive Officer and a member of our Board of Directors , adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to (i) 60,315 shares of the Company’s Class A common stock, subject to limit prices ranging from $25.00 to $37.50, plus (ii) the net number of shares of Class A common stock underlying 639,685 shares of restricted stock units (such total number of shares is not determinable), subject to a limit price of $25.00, and in each case, until August 27, 2026. On December 10, 2025 , Macrina Kgil , our Chief Financial Officer , adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to 48,000 shares of the Company’s Class A common stock, subject to limit prices ranging from $25.00 to $30.00, until September 24, 2026. On December 10, 2025 , Todd Stevens , our Chief Capital Officer , adopted a Rule 10b5-1 trading arrangement that is intended to satisfy the affirmative defense of Rule 10b5-1(c) for the sale of up to (i) 153,765 shares of the Company’s Class A common stock, subject to a limit price of $30.00, plus (ii) 50% of the net number of shares of Class A common stock underlying 153,124 shares of restricted stock units (such total number of shares is not determinable), in each case, until December 22, 2026. Other than as set forth above, no officer, as defined in Rule 16a-1(f), or director adopted or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Regulation S-K Item 408, during the three months ended December 31, 2025. ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS Not applicable. 182 Table of Contents PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS, AND CORPORATE GOVERNANCE Information about our Directors The following table presents information concerning our board of directors as of the date of this Annual Report. Name Age Position Michael Tannenbaum 38 Chief Executive Officer and Director Adam Boyden 57 Director Michael Cagney 55 Director David Katsujin Chao 59 Director Lesley Goldwasser 64 Director Sachin Jaitly 45 Director Daniel Morehead 60 Director June Ou 60 Director Michael Tannenbaum . Mr. Tannenbaum has served as our Chief Executive Officer since April 2024, and as a member of our board of directors since July 2024. Prior to joining Figure, Mr. Tannenbaum served as an executive at Brex, Inc., a technology and financial services company. Mr. Tannenbaum served as Brex's Chief Operating Officer from November 2021 to January 2024, and as its Chief Financial Officer and Chief Business Officer from July 2017 to November 2021. Earlier in his career, Mr. Tannenbaum held significant leadership roles at SoFi Technologies, Inc. (NASDAQ: SOFI) (“SoFi”), a financial services company, from July 2014 to July 2017, including as Chief Revenue Officer. Mr. Tannenbaum also worked at Hellman & Friedman, a private equity firm, and in the investment banking division at JPMorgan Chase, a multinational investment bank and financial services company. Mr. Tannenbaum graduated summa cum laude from Columbia University with a B.A. in Economics and Urban Studies. Adam Boyden . Mr. Boyden has served as a member of our board of directors since March 2024. Mr. Boyden also previously served as a member of the board of directors of FT. Since September 2014, Mr. Boyden has also served as a general partner of RPM Ventures, a venture capital firm. From 2012 to 2013, Mr. Boyden served as the Chief Operating Officer of SoFi. From 2008 to 2012, he served as the President of Conduit Ltd., a cloud-based user engagement platform based in Israel. From 2006 to 2008, he served as the General Manager at Xfire, Inc., an instant messaging service and server browser for video games, and from 2004 to 2006 he served as their Vice President of Marketing and Business Development. From 2002 to 2004, Mr. Boyden was the founder and CEO of Openlane, Inc., an internet-based business-to-business automotive remarketing company. Mr. Boyden also currently serves on the boards of directors of Coterie Applications, Inc., an embedded insurance company, DailyPay Holdings, Inc., an on-demand pay solution, Family First, Inc., a caregiving software platform, Overalls Inc., a concierge benefits technology platform, Ao1 Holdings Inc. (d/b/a Players Health), a youth sports data and insurance platform, and Roost, Inc., a connected home technology platform. Mr. Boyden has a bachelor’s degree in engineering science from the University of Exeter and an M.B.A. from Stanford University’s Graduate School of Business. Michael Cagney . Mr. Cagney has served as a member of our board of directors since March 2024. Mr. Cagney is one of our co-founders. Mr. Cagney also serves as the Chief Executive Officer of FMH, a position he has held since April 2024, and as the President of Figure REIT, a position he has held since October 2020. He is also a member of the board of directors of various of our subsidiaries. From January 2018 to March 2024, Mr. Cagney served as the Chief Executive Officer and as a member of the board of directors of FT. Mr. Cagney also served as Chief Executive Officer and President of FLC from January 2018 to July 2024. From 2011 to 2017, Mr. Cagney served as Chief Executive Officer and Chairman of the Board of SoFi, a technology and financial services company. Mr. Cagney’s career began at Wells Fargo, followed by founding roles at Finaplex, a wealth management software company, and Cabezon Investment Group, a global macro hedge fund. His significant contributions to the financial industry, particularly in leveraging blockchain technology, have garnered widespread recognition and accolades in professional circles and notable publications. Mr. Cagney holds a B.A. in Economics and an M.S. in Applied Economics and Finance from the University of California, Santa Cruz, and an M.S. in Management from Stanford University’s Graduate School of Business. David Katsujin Chao . Mr. Chao has served as a member of our board of directors since March 2024. Mr. Chao also previously served on the board of directors of FMH and FT. Mr. Chao has served as the General Partner at DCM Ventures, a global venture capital firm which he co-founded, since January 1996. At DCM Ventures, Mr. Chao specializes in guiding 183 Table of Contents portfolio companies in developing their corporate and product marketing strategies, building management teams, and forging domestic and international partnerships. Prior to DCM Ventures, Mr. Chao was a co-founder and acting Chief Financial Officer and Chief Technology Officer of Japan Communications Inc. (TSE: 9424), Japan’s first mobile virtual network operator. Earlier in his career, Mr. Chao worked as a consultant at McKinsey & Company and held significant leadership roles at Apple and Recruit, Japan’s largest HR infomediary corporation. Mr. Chao has served as a member of the board of directors of FT since July 2018. He also currently serves as a member of the board of directors of SoftBank Group (TSE: 9984). Mr. Chao has been recognized as a leading venture capitalist by Forbes Magazine and named to the Forbes Midas List Hall of Fame in 2016. He holds a B.A. from Brown University and an M.B.A. from Stanford University’s Graduate School of Business. Lesley Goldwasser . Mrs. Goldwasser has served as a member of our board of directors since July 2025. Since 2013, Mrs. Goldwasser has also served as Managing Partner of GreensLedge Capital Markets, a boutique investment banking firm focused on structured products and securitizations. From 2010 to 2013, she served as Managing Director of Credit Suisse Group AG, a large investment and commercial bank, where she managed the Global Strategic Finance division. From 1996 to 2010, Mrs. Goldwasser served as Managing Director of Bear Stearns and Bear Stearns Merchant Banking, global investment banks, where she served as head of the Debt and Equity Capital Markets division and global head of the Structured Products division. Mrs. Goldwasser holds a B.B.S. in Business, Finance and Marketing from the University of Cape Town. Sachin Jaitly . Dr. Jaitly has served as a member of our board of directors since March 2024. Dr. Jaitly also currently serves on the board of directors of Figure Assets LLC and FMH and previously served as a member of the board of directors of FT. Since April 2021, Dr. Jaitly has also served as the founding General Partner of Morgan Creek Digital, a venture capital fund focused on web3 technologies. Since January 2018, he has also served as founding Managing Partner of Tessera Venture Partners, a venture capital fund focused on Blockchain and AI. Earlier in his career, Dr. Jaitly held various leadership roles at Datalogix Holdings Inc. (“Datalogix”), The Neat Company, flexEngage, Inc. (“flexEngage”), Nokia Corporation (“Nokia”), and General Electric. Dr. Jaitly was also the co-founder of flexEngage and participated in its acquisition by Klarna Holding AB, the acquisition of Nokia by Microsoft Corporation, and the acquisition of Datalogix by Oracle Corp. Dr. Jaitly holds a bachelor’s degree in International Business and an M.B.A. in Finance and Management from Rollins College. He also holds an Executive Education Certificate in Blockchain Technologies, Business Innovation and Application from the Massachusetts Institute of Technology and a Doctor of Business Administration in Finance from the University of Florida. Daniel Morehead . Mr. Morehead has served as a member of our board of directors since August 2025. Since 2003, Mr. Morehead has also served as founding Managing Partner of Pantera Capital Management, a global investment firm focused on blockchain and digital currencies. From 1996 to 2000, he served as Chief Financial Officer and Head of Macro Trading of Tiger Management, a hedge fund. Earlier in his career, Mr. Morehead served as Global Head of the Foreign Exchange Options division at Deutsche Bank and Managing Director of the Global Portfolio Group at Bankers Trust, each an investment bank. Mr. Morehead holds a B.S.E. in Civil Engineering from Princeton University. June Ou . Ms. Ou has served as a member of our board of directors since January 2025. Ms. Ou is one of our co-founders. She previously served as President of FT from November 2022 to March 2024, overseeing the firm’s operations and strategic direction. Ms. Ou has deep experience in the financial technology industry, having served as the Chief Operating Officer of FT from January 2018 to November 2022 and as the Chief Technology Officer of SoFi from 2012 to 2017. Ms. Ou previously served as Chief Executive Officer of CCO Solutions, a provider of outsourced solutions to the hedge fund industry, and as Vice President of Engineering at Finaplex, Inc., a developer of financial services software. Ms. Ou holds a B.A. in International Relations from the University of Delaware, an M.S. in Applied Economics from the University of California, Santa Cruz, and an M.S. from Stanford University’s Graduate School of Business, where she was a Sloan Fellow. Information about our Executive Officers The following table presents information concerning our executive officers as of the date of this Annual Report. Name Age Position Michael Tannenbaum (1) 38 Chief Executive Officer and Director Macrina Kgil 50 Chief Financial Officer Todd Stevens 52 Chief Capital Officer (1) The biography for Michael Tannenbaum appears above in the section titled “Information about our Directors.” 184 Table of Contents Macrina Kgil . Ms. Kgil has served as our Chief Financial Officer since December 2024. Prior to joining Figure, Ms. Kgil served as the Head of Finance at Flow.life, a real estate technology company, which is a position she held from July 2023 to November 2024. From November 2018 to November 2022, Ms. Kgil was also the Chief Financial Officer of Blockchain.com, a digital asset financial technology company. Concurrently, from November 2018 to June 2023, Ms. Kgil served as the Chief Financial Officer of Blockchain Venture Fund, a digital asset investment fund. Ms. Kgil’s career began at PricewaterhouseCoopers, followed by leadership roles at a variety of financial services firms, including Fortress Investment Group and OneMain Financial. Ms. Kgil holds a bachelor’s degree in Mineral and Petroleum Engineering from Seoul National University. Todd Stevens . Mr. Stevens has served as our Chief Capital Officer since November 2023. Prior to joining Figure, Mr. Stevens served as Head of Capital Markets at Inveniam Capital Partners, a web3 software infrastructure company, from April 2021 to November 2023. From June 2004 to March 2020, Mr. Stevens served at Deutsche Bank in various roles, most recently as Global Head of Key Client Partners. At Deutsche Bank, Mr. Stevens was a member of the Global Wealth Management Executive Committee and oversaw a team of more than 70 people across seven countries. Mr. Stevens began his career at PricewaterhouseCoopers. Mr. Stevens graduated magna cum laude with general honors from the University of Georgia with a B.B.A. in accounting. Code of Business Conduct and Ethics Our board of directors adopted a code of business conduct and ethics that applies to all of our directors, officers, and employees, including our principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, as well as our contractors, consultants, and agents. The full text of our code of business conduct and ethics is available on the investor relations page on our website at https://www.figure.com. We intend to disclose any amendments to our code of business conduct and ethics, or waivers of its requirements, applicable to our principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, on our website identified above, or in filings under the Exchange Act. The remainder of the information required by this Item will be included in the definitive proxy statement to be filed with the SEC with respect to the Company's 2026 Annual Meeting of Stockholders (the “2026 Annual Meeting”) and is incorporated herein by reference. ITEM 11. EXECUTIVE COMPENSATION The information required by this Item will be included in the definitive proxy statement to be filed with the SEC with respect to the Company’s 2026 Annual Meeting of Stockholders and is incorporated herein by reference. ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS The information required by this Item will be included in the definitive proxy statement to be filed with the SEC with respect to the Company’s 2026 Annual Meeting of Stockholders and is incorporated herein by reference. ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE The information required by this Item will be included in the definitive proxy statement to be filed with the SEC with respect to the Company’s 2026 Annual Meeting of Stockholders and is incorporated herein by reference. ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES The information required by this Item will be included in the definitive proxy statement to be filed with the SEC with respect to the Company’s 2026 Annual Meeting of Stockholders and is incorporated herein by reference. 185 Table of Contents PART IV ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES (a) The following documents are filed as part of this Report: 1. Financial statements : The information concerning the Company’s financial statements, and the Report of KPMG LLP , Independent Registered Public Accounting Firm (PCAOB ID: 185 ), San Francisco, California , required by this Item is incorporated by reference herein to the section of this Report in Part II, Item 8. entitled “Financial Statements and Supplementary Data”. 2. Financial Statement Schedules : Schedules not listed here have been omitted because they are not applicable, not required or the information required to be set forth therein is included in the Consolidated Financial Statements or Notes thereto. 3. Exhibits : See Item 15(b) below. We have filed, or incorporated into this Report by reference, the exhibits required by this Item below. (b) Exhibits: We have filed, or incorporated into this Report by reference, the exhibits required by this Item below. (c) Financial Statement Schedules: See Item 15(a) above. Incorporated by Reference Exhibit Number Exhibit Description Form File No. Exhibit Filing Date Filed/ Furnished Herewith 3.1 Second Amended and Restated Articles of Incorporation 8-K 001-42829 3.1 9/12/2025 3.2 Amended and Restated Bylaws of Figure Technology Solutions, Inc. 8-K 001-42829 3.2 9/12/2025 4.1 Form of Class A Common Stock Certificate S-1/A 333-289695 4.1 9/2/2025 4.2 Form of Class B Common Stock Certificate S-1/A 333-289695 4.2 9/2/2025 4.3 Assignment, Assumption and Amendment Agreement, dated as of August 29, 2025, by and among FT Intermediate, Inc., Figure Markets Holdings, Inc. and J. Digital 6 Cayman Ltd. S-1/A 333-289695 4.3 9/8/2025 4.4 Form of Certificate of Designation for the Series A Blockchain Common Stock S-1 333-291591 4.2 2/11/2026 4.5 D escription of Securities * 10.1# Form of Director and Executive Officer Indemnification and Advancement Agreement S-1/A 333-289695 10.1 8/25/2025 10.2# 2018 Equity Incentive Plan. S-1/A 333-289695 10.2 8/25/2025 10.3# Form of Restricted Stock Unit Grant Notice and Agreement under the 2018 Equity Incentive Plan. S-1/A 333-289695 10.3 8/25/2025 10.4# Form of Stock Option Grant Notice and Agreement under the 2018 Equity Incentive Award Plan. S-1/A 333-289695 10.4 8/25/2025 10.5# Figure Markets Holdings, Inc. 2024 Equity Incentive Plan. S-1/A 333-289695 10.5 9/02/2025 10.6# Form of Stock Option Grant Notice and Agreement under the Figure Markets Holdings, Inc. 2024 Equity Incentive Plan. S-1/A 333-289695 10.2 9/10/2025 10.7# 2025 Incentive Award Plan S-8 333-290240 99.5 9/12/2025 10.8# Form of Restricted Stock Unit Grant Notice and Agreement under the 2025 Incentive Award Plan S-1/A 333-289695 10.7 8/25/2025 10.9# Form of Stock Option Grant Notice and Agreement under the 2025 Incentive Award Plan S-1/A 333-289695 10.8 8/25/2025 186 Table of Contents 10.10# Retention Performance Stock Unit Grant Notice and Agreement under the 2025 Incentive Award Plan, by and between Figure Technology Solutions, Inc. and Michael Cagney S-8 333-290240 99.8 9/12/2025 10.11# Employee Stock Purchase Plan S-1/A 333-289695 10.9 8/25/2025 10.12# Non-Employee Director Compensation Policy S-1/A 333-289695 10.10 8/25/2025 10.13^ Seventh Amended and Restated Investors’ Rights Agreement, dated August 29, 2025 , among Figure Technology Solutions, Inc. and the investors party thereto. S-1/A 333-289695 10.14 9/2/2025 10. 14^† Side Letter, dated September 8, 2025, by and among Figure Lending LLC , Figure Lending Corp. , Fig SIX Mortgage, LLC , Fig SSP Member LLC and the Purchaser party thereto S-1/A 333-289695 10.19 9/10/2025 10.15^† Amended and Restated Limited Liability Company Agreement of Fig Six Mortgage LLC DRS/A 377-07992 10.11 8/04/2025 10.16 Second Amended and Restated Term Note issued by Provenance Blockchain Foundation Inc. in favor of Figure Technologies, Inc. DRS/A 377-07992 10.12 8/04/2025 10.17† Contribution Agreement, dated December 31, 2023, between Figure Lending Corp. and Figure Technologies, Inc., as amended on April 9, 2024. S-1 333-289695 10.60 8/18/2025 10.18† Contribution Agreement, dated March 18, 2024, between Figure Lending Corp. and Figure Technologies, Inc. S-1 333-289695 10.70 8/18/2025 10.19 Master Custody Service Agreement, dated March 11, 2022, by and among Anchorage Digital Bank N.A. and Figure Lending LLC. S-1 333-289695 10.11 8/18/2025 10.20 First Amendment to the Master Custody Service Agreement, dated January 4, 2024, by and among Anchorage Digital Bank N.A. and Figure Lending LLC, Figure Markets Credit LLC and FMC LFV LLC. S-1 333-289695 10.12 8/18/2025 10.21# M ichael Tannenbaum Compensation Agreement * 10.22# M inch u ng Kgil Comp ensation Agreement * 10.23# T odd Stevens Compensation Agreement * 18.1 Preferability Letter of KPMG LLP Regarding Change in Accounting Principle * 19.1 Figure Technology Solutions, Inc. Insider Trading Compliance Policy * 21.1 List of Subsidiaries of Figure Technology Solutions, Inc. * 23.1 Consent of KPMG LLP, Independent Registered Public Accounting Firm * 31.1 Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer * 31.2 Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer * 32.1 Section 1350 Certification of Chief Executive Officer ** 32.2 Section 1350 Certification of Chief Financial Officer ** 97.1 Policy for Recovery of Erroneously Awarded Compensation * 101.INS Inline XBRL Instance Document * 101.SCH Inline XBRL Taxonomy Extension Schema Document * 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document * 187 Table of Contents 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document * 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document * 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document * 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) * * Filed herewith ** Furnished herewith #Indicates management contract or compensatory plan. †Schedules and similar attachments to this exhibit have been omitted pursuant to Regulation S-K, Item 601(a)(5). The registrant hereby undertakes to provide further information regarding such omitted materials to the SEC upon request. ^Certain portions of this exhibit (indicated by “[***]”) have been redacted pursuant to Regulation S-K Item 601(b)(10)(iv). The registrant hereby agrees to furnish supplementally to the SEC, upon its request, an unredacted copy of this exhibit. ITEM 16. FORM 10-K SUMMARY None. 188 Table of Contents SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Figure Technology Solutions, Inc. Date: March 13, 2026 By: /s/ Michael Tannenbaum Michael Tannenbaum Chief Executive Officer and Director Date: March 13, 2026 By: /s/ Macrina Kgil Macrina Kgil Chief Financial Officer Pursuant to the requirements of Securities Exchange Act of 1934, as amended, this Report has been signed below by the following persons on behalf of the Registrant in the capacities and on the dates indicated. Signature Title Date /s/ Michael Tannenbaum Chief Executive Officer and Director (Principal Executive Officer) March 13, 2026 Michael Tannenbaum /s/ Macrina Kgil Chief Financial Officer (Principal Financial Officer and Principal Accounting Officer) March 13, 2026 Macrina Kgil /s/ Michael Cagney Executive Chairman of the Board March 13, 2026 Michael Cagney /s/ Adam Boyden Director March 13, 2026 Adam Boyden /s/ David Katsujin Chao Director March 13, 2026 David Katsujin Chao /s/ Lesley Goldwasser Director March 13, 2026 Lesley Goldwasser /s/ Sachin Jaitly Director March 13, 2026 Sachin Jaitly /s/ Daniel Morehead Director March 13, 2026 Daniel Morehead /s/ June Ou Director March 13, 2026 June Ou 189 Table of Contents