Brian L. Libman - Nov 9, 2023 Form 4 Insider Report for Finance of America Companies Inc. (FOA)

Role
Director, 10%+ Owner
Signature
/s/ Tracy Lowe, as Attorney-in-Fact
Stock symbol
FOA
Transactions as of
Nov 9, 2023
Transactions value $
$0
Form type
4
Date filed
11/14/2023, 04:15 PM
Previous filing
Aug 14, 2023
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FOA Class A Common Stock Options Exercise +20.2K +0.19% 10.9M Nov 9, 2023 See Footnote F1, F2, F3
transaction FOA Class A Common Stock Disposed to Issuer $0 -20.2K -0.19% $0.00 10.9M Nov 9, 2023 See Footnote F1, F3
holding FOA Class A Common Stock 151K Nov 9, 2023 Direct
holding FOA Class A Common Stock 242K Nov 9, 2023 See Footnote F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FOA LLC Units of Finance of America Equity Capital LLC Options Exercise $0 -20.2K -0.03% $0.00 70.2M Nov 9, 2023 Class A Common Stock 20.2K See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 Common Stock (either held or acquired upon conversion of FOA Units) to the Issuer in connection with the settlement of awards of restricted stock units, or RSUs, granted by the Issuer. On November 9, 2023, in connection with the Issuer's settlement of RSUs into shares of Common Stock, the Reporting Person converted certain FOA Units and delivered certain shares of Common Stock to the Issuer pursuant to the LTIP Award Settlement Agreement.
F2 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 ("Common Stock") on a one-for-one basis. These exchange rights do not expire.
F3 Reflects securities held directly by Libman Family Holdings, LLC. The sole manager of Libman Family Holdings, LLC is Brian L. Libman.
F4 Reflects securities held by an entity for which Mr. Libman serves as trustee.