Matthew A. Engel - 15 Nov 2024 Form 4 Insider Report for Finance of America Companies Inc. (FOA)

Role
Chief Financial Officer
Signature
/s/ Carli Penney, as Attorney-in-Fact
Issuer symbol
FOA
Transactions as of
15 Nov 2024
Net transactions value
-$91,170
Form type
4
Filing time
19 Nov 2024, 17:07:25 UTC
Previous filing
12 Nov 2024
Next filing
03 Apr 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FOA Class A Common Stock Options Exercise $0 +12,452 $0.000000 12,452 15 Nov 2024 Direct F1, F2
transaction FOA Class A Common Stock Tax liability $91,170 -4,443 -36% $20.52 8,009 15 Nov 2024 Direct F1, F3

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 Restricted Stock Units Options Exercise $0 -12,452 -33% $0.000000 24,904 15 Nov 2024 Class A Common Stock 12,452 Direct F1, F2
holding FOA Restricted Stock Units 32,500 15 Nov 2024 Class A Common Stock 32,500 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The number of restricted stock units ("RSUs") and shares of the Issuer's Class A common stock ("Common Stock") have been adjusted to reflect the Issuer's 1-for-10 reverse stock split of its Common Stock effective as of 5:00 p.m. Eastern Time on July 25, 2024.
F2 Each RSU represents a contingent right to receive one share of Common Stock of the Issuer. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The remaining RSUs shall vest on the second and third anniversaries of the vesting reference date, November 15, 2023, subject to the Reporting Person's continued employment on the applicable vesting dates.
F3 Represents the withholding of shares of Common Stock for tax purposes in connection with the settlement of RSUs.
F4 Represents additional RSUs granted to the Reporting Person on April 1, 2024. Each RSU represents a contingent right to receive one share of Common Stock of the Issuer. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The RSUs shall vest in one-third increments upon the first, second, and third anniversaries of the vesting reference date, April 1, 2024, subject to the Reporting Person's continued employment.