Lance West - 13 May 2024 Form 4 Insider Report for Finance of America Companies Inc. (FOA)

Role
Director
Signature
/s/ Tracy Lowe, as Attorney-in-Fact
Issuer symbol
FOA
Transactions as of
13 May 2024
Net transactions value
$0
Form type
4
Filing time
15 May 2024, 17:22:24 UTC
Previous filing
12 Jun 2023
Next filing
06 Dec 2024
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 +56,497 +85% 122,807 13 May 2024 Direct F1
holding FOA Class A Common Stock 700,000 13 May 2024 See Footnote F2

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 -56,497 -100% $0.000000* 0 13 May 2024 Class A Common Stock 56,497 Direct F3, F4
transaction FOA Restricted Stock Units Award $0 +100,000 $0.000000 100,000 13 May 2024 Class A Common Stock 100,000 Direct F3, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects restricted stock units ("RSUs") that upon vesting converted into shares of Class A common stock of the Issuer ("Common Stock") on a one-for-one basis.
F2 Reflects securities held directly by CDZ Capital Partners, LP. The general partner of CDZ Capital Partners, LP is CDZ Capital Corp. Mr. West controls CDZ Capital Corp.'s investment decisions. The Reporting Person disclaims beneficial ownership over the securities held by CDZ Capital Partners, LP, except to the extent of his pecuniary interest therein.
F3 Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.
F4 Reflects RSUs that vested on May 13, 2024, the date of the Issuer's annual stockholders' meeting following the date of grant.
F5 These RSUs shall vest on the earlier of (i) May 13, 2025 or (ii) the regularly scheduled annual stockholders' meeting of the Issuer following the grant date.