Michael Alvarado - Mar 8, 2024 Form 4 Insider Report for Five Point Holdings, LLC (FPH)

Role
Chief Operating Officer, Chief Legal Officer, Vice President and Secretary
Signature
/s/ Mike Alvarado
Stock symbol
FPH
Transactions as of
Mar 8, 2024
Transactions value $
-$137,268
Form type
4
Date filed
3/12/2024, 09:18 PM
Previous filing
Jan 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FPH Class A common shares Options Exercise +89.7K +19.43% 551K Mar 9, 2024 Direct F1
transaction FPH Class A common shares Tax liability -$137K -45.5K -8.25% $3.02 506K Mar 9, 2024 Direct F2
holding FPH Class A common shares 55.1K Mar 8, 2024 By trust 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 FPH Restricted share units Award $0 +199K +17.3% $0.00 1.35M Mar 8, 2024 Class A common shares 199K Direct F4, F5
transaction FPH Restricted share units Award $0 +265K +19.66% $0.00 1.61M Mar 8, 2024 Class A common shares 265K Direct F4, F6
transaction FPH Restricted share units Options Exercise -89.7K -5.56% 1.52M Mar 9, 2024 Class A common shares 89.7K Direct F1, F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted share unit is a contingent right to receive one Class A common share. This transaction represents the settlement of restricted share units in Class A common shares on their scheduled vesting date.
F2 Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the settlement of restricted share units previously granted to the reporting person. No shares were sold by the reporting person.
F3 The Class A common shares of the Company are owned by The Michael A. and Julie S. Alvarado Family Trust created u/t/d dated July 9, 2002, of which Mr. Alvarado and his wife serve as co-trustees.
F4 Each restricted share unit is a contingent right to receive one Class A common share.
F5 The restricted share units will vest in equal installments over three years on March 8, 2025, March 8, 2026 and March 8, 2027, subject to the reporting person's continued service with the Issuer through the applicable vesting date.
F6 The restricted share units will vest based upon the satisfaction of certain price targets during the three-year performance period ending February 28, 2027.
F7 This award was granted on March 9, 2023. 89,686 restricted share units subject to the award vested on March 9, 2024 and the remaining unvested restricted share units are scheduled to vest on each of March 9, 2025 and March 9, 2026, assuming continued employment through the applicable vesting date.

Remarks:

Chief Operating Officer, Chief Legal Officer, Vice President and Secretary