CFO Praveer Melwani sold 30,460 shares of FIG at $20.48 via pre-arranged 10b5-1 plan; stock -84.8% from 52-week high.
Praveer Melwani (CFO and Treasurer) sold 30,460 shares totaling $623,893.90 on 2026-07-06 under a 10b5-1 trading plan adopted 2025-08-05, a scheduled transaction rather than a discretionary choice. The stock has declined sharply to -84.8% from its 52-week high of $142.92, trading at $20.48 at sale and $21.67 currently. Melwani's prior sales at FIG show mixed near-term outcomes (ranging from -32.4% to +5.4% over 30 days following those trades), while his cross-ticker track record across 13 prior sells shows an average 90-day return of -25.4%, suggesting his sales are not predictive of short-term stock weakness. The company is unprofitable with negative full-year net income of $-142,401,000.00 despite strong +41.0% annual revenue growth, creating a backdrop of fundamental underperformance even as the stock has collapsed from its prior valuation.