Daniel Hedigan - 08 Mar 2024 Form 4 Insider Report for Five Point Holdings, LLC (FPH)

Role: Chief Executive Officer
Signature: /s/ Michael Alvarado, as attorney-in-fact
Issuer symbol: FPH
Transactions as of: 08 Mar 2024
Net transactions value: -$150,994
Form type: 4
Filing time: 12 Mar 2024, 21:22:46 UTC
Previous filing: 09 Jun 2023
Next filing: 11 Mar 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FPH	Class A common shares	Options Exercise		+98,654	+73%		234,247	09 Mar 2024	Direct	F1
transaction	FPH	Class A common shares	Tax liability	$150,994	-49,998	-21%	$3.02	184,249	09 Mar 2024	Direct	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	FPH	Restricted share units	Award	$0	+218,543	+32%	$0.000000	909,125	08 Mar 2024	Class A common shares	218,543		Direct	F3, F4
transaction	FPH	Restricted share units	Award	$0	+291,390	+32%	$0.000000	1,200,515	08 Mar 2024	Class A common shares	291,390		Direct	F3, F5
transaction	FPH	Restricted share units	Options Exercise		-98,654	-8.2%		1,101,861	09 Mar 2024	Class A common shares	98,654		Direct	F1, F3, F6

* 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	Each restricted share unit is a contingent right to receive one Class A common share.
F4	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.
F5	The restricted share units will vest based upon the satisfaction of certain price targets during the three-year performance period ending February 28, 2027.
F6	This award was granted on March 9, 2023. 98,654 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.