Key facts
- This page summarizes Brian L. Libman's Form 4 filing for Finance of America Companies Inc. (FOA).
- 6 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 08 Mar 2022, 15:15.
Brian L. Libman - 04 Mar 2022 Form 4 Insider Report for Finance of America Companies Inc. (FOA)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- FOA
- Reported as of
- 04 Mar 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 08 Mar 2022, 15:15:18 UTC
- Prior SEC filing
- 22 Nov 2021
- Next SEC filing
- 05 Apr 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Tracy Lowe, as Attorney-in-Fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Brian L. Libman filed Form 4 for Finance of America Companies Inc. (FOA) on 08 Mar 2022.
Change
- Previous filing in this sequence was filed on 22 Nov 2021.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
FOA
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +9,820
- Change %
- Price
- Shares after
- 9,820
- Date
- 04 Mar 2022
- Ownership
- See Footnote
- Footnotes
- F1, F2, F3
FOA
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $0
- Shares
- -9,820
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 04 Mar 2022
- Ownership
- See Footnote
- Footnotes
- F2, F3
FOA
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +261
- Change %
- Price
- Shares after
- 261
- Date
- 04 Mar 2022
- Ownership
- See Footnote
- Footnotes
- F1, F2, F4
FOA
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $0
- Shares
- -261
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 04 Mar 2022
- Ownership
- See Footnote
- Footnotes
- F2, F4
FOA
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 84,934
- Date
- 04 Mar 2022
- Ownership
- Direct
FOA
holding
Class A Common Stock
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 241,730
- Date
- 04 Mar 2022
- Ownership
- See Footnote
- Footnotes
- F5
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
FOA
transaction
Derivative
LLC Units of Finance of America Equity Capital LLC
Options Exercise
- Transaction value
- $0
- Shares
- -9,820
- Change %
- -0.01%
- Price
- $0.000000
- Shares after
- 72,395,563
- Date
- 04 Mar 2022
- Ownership
- See Footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 9,820
- Exercise price
- Footnotes
- F1, F3
FOA
transaction
Derivative
LLC Units of Finance of America Equity Capital LLC
Options Exercise
- Transaction value
- $0
- Shares
- -261
- Change %
- -0.01%
- Price
- $0.000000
- Shares after
- 1,888,218
- Date
- 04 Mar 2022
- Ownership
- See Footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 261
- Exercise price
- Footnotes
- F1, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 5 footnotes
Footnote F1
Pursuant to the terms of an exchange agreement, dated as of April 1, 2021, limited liability company units of Finance of America Equity Capital LLC ("FOA Units") held by the Reporting Person are exchangeable for shares of the Issuer's Class A common stock ("Class A Common Stock") on a one-for-one basis. These exchange rights do not expire.
Footnote F2
Pursuant to the LTIP Award Settlement Agreement (the "LTIP Award Settlement Agreement"), dated as of October 12, 2020, by and among the Issuer, the Reporting Person and certain equityholders of the Issuer and Finance of America Equity Capital LLC, such equityholders are obligated to deliver a number of shares of Class A Common Stock to the Issuer in connection with the settlement of awards of restricted stock units granted by the Issuer. On March 4, 2022, in connection with the Issuer's settlement of certain restricted stock units into shares of Class A Common Stock, the Reporting Person converted certain FOA Units and delivered certain shares of Class A Common Stock to the Issuer pursuant to the LTIP Award Settlement Agreement.
Footnote F3
Reflects securities held directly by Libman Family Holdings, LLC. The sole manager of Libman Family Holdings, LLC is Brian L. Libman.
Footnote F4
Reflects securities held directly by The Mortgage Opportunity Group, LLC. The sole manager of The Mortgage Opportunity Group, LLC is Brian L. Libman.
Footnote F5
Reflects securities held by an entity for which Mr. Libman serves as a trustee.
SEC remarks
Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended, the Reporting Person states that this filing shall not be an admission that the Reporting Person is the beneficial owner of any of the securities reported herein as indirectly owned, and the Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest therein.