Johan Gericke - Mar 31, 2023 Form 4 Insider Report for Finance of America Companies Inc. (FOA)

Role
EVP, Chief Financial Officer
Signature
/s/ Tracy Lowe, as Attorney-in-Fact
Stock symbol
FOA
Transactions as of
Mar 31, 2023
Transactions value $
-$31,549
Form type
4
Date filed
4/4/2023, 04:10 PM
Previous filing
Nov 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FOA Class A Common Stock Options Exercise $0 +70.6K +123.74% $0.00 128K Apr 3, 2023 Direct F1
transaction FOA Class A Common Stock Tax liability -$31.5K -25.4K -19.94% $1.24 102K Apr 3, 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 -70.6K -33.33% $0.00 141K Apr 3, 2023 Class A Common Stock 70.6K Direct F1
transaction FOA Restricted Stock Units Award $0 +524K $0.00 524K Mar 31, 2023 Class A Common Stock 524K Direct F3
* 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 second and third anniversaries of April 1, 2022, subject to the Reporting Person's continued employment.
F2 Represents the withholding of shares of Common Stock for tax purposes in connection with the settlement of restricted stock units.
F3 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.