FIG CFO Melwani Praveer sold 381,288 directly held shares at $25.13, cutting his direct stake by 18.1%, with the transaction price sitting 50.6% above the 90-day low and 9.8% below the 90-day high — a mid-range entry that is not a distressed forced sale. This is his largest single sale by a wide margin (prior largest was $1.9M), coming just 7 days before an August 5 earnings print with consensus EPS of only $0.04, and it extends a relentless 9-trade sell streak that has also run parallel to repeated CRO liquidations — a two-officer exodus pattern that has already produced a confirmed -6.4% 30-day outcome on a prior signal. Bull case: stock holds above $25 post-earnings and the option-exercise component explains the bulk of the sale volume; Bear case: breaks $24, where prior signals in this cluster averaged -14.3% at 30 days.

Where it could go — Our 7-8 conviction officer sells: 36% beat SPY at 30d (n=191, avg -7.7% vs SPY); bear breaks $24, bull holds $25.

CTO Kris Rasmussen sold 261,301 shares at $25.07, reducing directly held shares by 2.7% to 9,492,946, with the transaction price sitting 50.6% above the 90-day low but 9.8% below the 90-day high. This is the 12th sell in a documented streak dating to early 2025, with prior transactions including an $8.2M sale in May and a $13.3M largest single sale — a sustained, high-volume liquidation pattern from the company's top technology officer that has coincided with a prior 30-day outcome of -6.4% on similar FIG officer sells. Bull case: stock holds above $25 through the Aug 5 earnings print with EPS beating the $0.04 consensus, potentially stabilizing the selloff narrative; bear case: a miss or guidance cut breaks $24, accelerating the decline toward the $17.94 30-day low.

Where it could go — Our 7-8 conviction officer sells: 36% beat SPY at 30d (avg -7.7% vs SPY); bear breaks $24, bull holds $25.50.

General Counsel Mulligan sold $455K worth of shares, reducing his direct holdings by 1.9% at $25.00 per share. This continues his established selling pattern of 16 transactions with no buying history, occurring just 7 days before earnings amid broader officer liquidation signals.

Where it could go — Our 5-6 conviction officer sells: 51% beat SPY at 30d with average +2.9% vs SPY; watch $25.56 as resistance, $17.94 as support.

Chief Revenue Officer Voskanian sold $268K worth of shares at $23.92, marking their 11th consecutive sale with no buys on record. This continues a concerning pattern of officer liquidation that has historically preceded negative returns for FIG stock.

Where it could go — Our 7-8 conviction officer sells: 35% beat SPY at 30d with avg -7.2% vs SPY; watch $24.87 as resistance, break below $16.80 would confirm bear trend.

CFO Melwani Praveer sold $624K worth of FIG shares at $20.48, reducing his direct holdings by 1.7%. This continues a concerning pattern of officer selling at FIG, with multiple executives liquidating stakes in recent months.

Where it could go — Our 5-6 conviction officer sells: 52% beat SPY at 30d (n=1228, avg +4.1% vs SPY); watch $16.60 as critical support.

CRO Voskanian Shaunt sold $178K in stock, a 0.5% reduction of directly held shares, at a price 25.7% below the 90-day high. This is the insider's 10th consecutive sale, reinforcing a persistent bearish trend among FIG's leadership with no other buyers in the past 60 days.

Where it could go — Our 7-8 conviction officer sells have beaten SPY only 33% of the time at 30d; watch $16.60 as the bear break, $21.94 as the bull trigger.

CFO Melwani Praveer sold $1.9M worth of shares at $22.75, reducing his stake by 4.5% from a position 37.0% above the 90-day low. This is his 16th sell transaction, cementing a long-term pattern of divestment that aligns with recent first-time sales by the CEO, CTO, and General Counsel. Bear: breaks $18.51.

Where it could go — Broad base rate 0.0% positive at 90d; bear breaks $18.51.

FIG's Chief Revenue Officer Shaunt Voskanian sold $1.5M worth of shares at $22.75, reducing his stake by 3.6% from a price 28.8% below the recent 90-day high. This is his first-ever sale after 18 prior sells, and it follows recent first-time sells by the CEO, CTO, and General Counsel, creating a clear pattern of senior executives liquidating. Bear: breaks $18.51 (30-day low).

Where it could go — Broad base rate 0.0% positive at 90d; bear breaks $18.51.

President & CEO Field Dylan sold his entire 174,430-share stake for $4.4M at $25.02, a price 21.7% below the 90-day high. This full liquidation, combined with three other first-time officer sales (CTO $8.2M, General Counsel $469K, Director $304K) in the prior week, forms a severe cluster exit suggesting deep internal pessimism. A break below the recent $16.60 low would confirm bearish momentum, while a recovery above the $25.84 30d high is needed to invalidate the signal.

Where it could go — No historical hit-rate data; broad base rate 0.0% positive at 90d; bear breaks $16.60.

CTO Kris Rasmussen sold $8.2M worth of FIG shares at $25.07, reducing his stake by 3.2% at a price 23.3% below the 90-day high. This first-time sale by a key technology leader suggests potential profit-taking or diversification rather than extreme bearishness, especially given the HOLD analyst consensus and absence of other insider selling. Bear: breaks $16.60 support level could signal further downside; bull holds above $25 for stability.

Where it could go — No historical pattern data available for similar FIG signals; monitor key support at $16.60.

General Counsel Mulligan sold 18,741 shares at $25.04 for $469K, reducing his stake by 1.9% from over 1M shares. This first-time sale by an officer lacks supporting cluster buys and occurs amid a HOLD analyst consensus with no clear pattern history.

Where it could go — Analyst mean target unavailable; bear case if stock breaks $16.60 recent low.

Director Daniel Rimer sold $304,000 worth of shares, reducing his stake by 1.5% from a price 25% below the 90-day high. This first-time sale is a routine liquidity event with no corroborating bullish signals from other insiders or a clear price catalyst.

Where it could go — Analyst mean target not provided; consensus is HOLD with 6 buys and 11 holds.