Tai A. Thornock - Apr 1, 2024 Form 4 Insider Report for Finance of America Companies Inc. (FOA)

Signature
/s/ Tracy Lowe, as Attorney-in-Fact
Stock symbol
FOA
Transactions as of
Apr 1, 2024
Transactions value $
-$21,305
Form type
4
Date filed
4/3/2024, 04:38 PM
Previous filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FOA Class A Common Stock Options Exercise $0 +34.4K +43.05% $0.00 114K Apr 1, 2024 Direct F1
transaction FOA Class A Common Stock Tax liability -$8.67K -11.8K -10.32% $0.74 103K Apr 1, 2024 Direct F2
transaction FOA Class A Common Stock Options Exercise $0 +9.77K +9.53% $0.00 112K Apr 1, 2024 Direct F3
transaction FOA Class A Common Stock Tax liability -$2.46K -3.35K -2.99% $0.74 109K Apr 1, 2024 Direct F2
transaction FOA Class A Common Stock Options Exercise $0 +40.3K +37.02% $0.00 149K Apr 1, 2024 Direct F4
transaction FOA Class A Common Stock Tax liability -$10.2K -13.8K -9.27% $0.74 135K Apr 1, 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 FOA Restricted Stock Units Options Exercise $0 -34.4K -100% $0.00* 0 Apr 1, 2024 Class A Common Stock 34.4K Direct F1
transaction FOA Restricted Stock Units Options Exercise $0 -9.77K -50% $0.00 9.77K Apr 1, 2024 Class A Common Stock 9.77K Direct F3
transaction FOA Restricted Stock Units Options Exercise $0 -40.3K -33.33% $0.00 80.6K Apr 1, 2024 Class A Common Stock 40.3K Direct F4
transaction FOA Restricted Stock Units Award $0 +250K $0.00 250K Apr 1, 2024 Class A Common Stock 250K Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of Issuer's Class A common stock ("Common Stock"). The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.
F2 Represents the withholding of shares of Common Stock for tax purposes in connection with the settlement of RSUs.
F3 Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The remaining RSUs vest on the third anniversary of April 1, 2022, subject to the Reporting Person's continued employment.
F4 Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The remaining RSUs vest on the second and third anniversaries of April 1, 2023, subject to the Reporting Person's continued employment.
F5 Represents additional RSUs granted to the Reporting Person on April 1, 2024. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The RSUs shall vest in one-third increments upon the first, second and third anniversaries of the vesting reference date, April 1, 2024, subject to the Reporting Person's continued employment.