Brian L. Libman - Jun 8, 2023 Form 4 Insider Report for Finance of America Companies Inc. (FOA)

Role
Director, 10%+ Owner
Signature
/s/ Tracy Lowe, as Attorney-in-Fact
Stock symbol
FOA
Transactions as of
Jun 8, 2023
Transactions value $
$0
Form type
4
Date filed
6/12/2023, 04:22 PM
Previous filing
Apr 4, 2023
Next filing
Aug 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FOA Class A Common Stock Options Exercise +47.6K +45.95% 151K Jun 8, 2023 Direct F1
holding FOA Class A Common Stock 242K Jun 8, 2023 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 -47.6K -100% $0.00* 0 Jun 8, 2023 Class A Common Stock 47.6K Direct F3, F4
transaction FOA Restricted Stock Units Award $0 +56.5K $0.00 56.5K Jun 8, 2023 Class A Common Stock 56.5K 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 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 by an entity for which Mr. Libman serves as a trustee.
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.
F4 Reflects restricted stock units that vested on June 8, 2023, the date of the Issuer's annual stockholders meeting following the date of grant.
F5 These restricted stock units shall vest on the earlier of (i) June 8, 2024 or (ii) the regularly scheduled annual stockholders' meeting of the Issuer following the grant date.