Lauren Richmond - 31 Mar 2023 Form 4 Insider Report for Finance of America Companies Inc. (FOA)

Role: Chief Legal Officer
Signature: /s/ Tracy Lowe, as Attorney-in-Fact
Issuer symbol: FOA
Transactions as of: 31 Mar 2023
Net transactions value: -$16,565
Form type: 4
Filing time: 04 Apr 2023, 16:06:57 UTC
Previous filing: 02 Sep 2022
Next filing: 03 Apr 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	$0	+51,599	+66%	$0.000000	129,667	03 Apr 2023	Direct	F1
transaction	FOA	Class A Common Stock	Tax liability	$15,581	-12,565	-9.7%	$1.24	117,102	03 Apr 2023	Direct	F2
transaction	FOA	Class A Common Stock	Options Exercise	$0	+3,257	+2.8%	$0.000000	120,359	03 Apr 2023	Direct	F3
transaction	FOA	Class A Common Stock	Tax liability	$985	-794	-0.66%	$1.24	119,565	03 Apr 2023	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	FOA	Restricted Stock Units	Options Exercise	$0	-51,599	-50%	$0.000000	51,602	03 Apr 2023	Class A Common Stock	51,599		Direct	F1
transaction	FOA	Restricted Stock Units	Options Exercise	$0	-3,257	-33%	$0.000000	6,515	03 Apr 2023	Class A Common Stock	3,257		Direct	F3
transaction	FOA	Restricted Stock Units	Award	$0	+120,968		$0.000000	120,968	31 Mar 2023	Class A Common Stock	120,968		Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit, or RSU, represents a contingent right to receive one share of Class A Common Stock of the Issuer ("Common Stock"). The restricted stock units will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The remaining restricted stock units vest on the third anniversary of April 1, 2021, subject to the Reporting Person's continued employment.
F2	Represents the withholding of shares of Common Stock in connection with the settlement of restricted stock units.
F3	Each restricted stock unit represents a contingent right to receive one share of Common Stock. The restricted stock units will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The remaining restricted stock units vest on the second and third anniversaries of April 1, 2022, subject to the Reporting Person's continued employment.
F4	Represents additional RSUs granted to the Reporting Person on March 31, 2023. Each restricted stock unit represents a contingent right to receive one share of Common Stock. The restricted stock units will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The restricted stock units shall vest in one-third increments upon the first, second and third anniversaries of the vesting reference date, April 1, 2023, subject to the Reporting Person's continued employment.