Key facts
- This page summarizes Brian L. Libman's Form 4 filing for Finance of America Companies Inc. (FOA).
- 1 reported transaction and 1 derivative row are listed below.
- Accepted by SEC: 04 Nov 2024, 17:56.
Brian L. Libman - 31 Oct 2024 Form 4 Insider Report for Finance of America Companies Inc. (FOA)
- Reporting relationship
- Director, 10%+ Owner
- Issuer ticker
- FOA
- Reported as of
- 31 Oct 2024
- Net transaction value
- +$33,121,000
- SEC form
- 4
- Accepted by SEC
- 04 Nov 2024, 17:56:44 UTC
- Prior SEC filing
- 15 May 2024
- Next SEC filing
- 15 May 2025
- Source filing
- View source filing
- Reporting owner signature
- Brian L. Libman, By: /s/ Brian L. Libman, Name: Brian L. Libman
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Brian L. Libman filed Form 4 for Finance of America Companies Inc. (FOA) on 04 Nov 2024.
Change
- Previous filing in this sequence was filed on 15 May 2024.
- Current net transaction value: +$33,121,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
FOA
transaction
Derivative
10.000% Exchangeable Senior Secured Notes due 2029
Award
- Transaction value
- $33,121,000
- Shares
- Change %
- Price
- Shares after
- $33,121,000
- Date
- 31 Oct 2024
- Ownership
- See Footnote
- Underlying class
- Class A Common Stock
- Underlying amount
- 1,204,400
- Exercise price
- Footnotes
- F1, F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
On October 31, 2024, Finance of America Funding LLC ("FOA Funding"), a subsidiary of Finance of America Companies Inc. (the "Issuer"), completed certain exchange offer and consent solicitations transactions, including the exchange of $342,622,000 of FOA Funding's existing 7.875% Senior Notes due 2025 (the "2025 Unsecured Notes") for (i) $195,783,947 of FOA Funding's new 7.875% Senior Secured Notes due 2026, (ii) $146,793,000 of FOA Funding's new 10.000% Exchangeable Senior Secured Notes due 2029 (the "New Exchangeable Notes") and (iii) cash consideration of $856,555 (such transactions, the "Exchange Offer"). In the Exchange Offer, Libman Family Holdings, LLC exchanged $77,284,000 in principal amount of 2025 Unsecured Notes for consideration including $33,121,000 in principal amount of New Exchangeable Notes.
Footnote F2
Holders of the New Exchangeable Notes have the right to exchange all or any portion of such notes at their option, subject to certain limitations as further described in the indenture governing the New Exchangeable Notes (the "Indenture"). The New Exchangeable Notes are exchangeable on the terms set forth in the Indenture into shares of the Issuer's Class A common stock ("Class A Common Stock") or, at the election of FOA Funding, exchange may be settled in part or in whole by delivery of the cash value of the shares otherwise deliverable (to the extent that the Issuer determines in good faith that it would be in the best interest of Issuer to do so for specified tax reasons). The exchange rate is initially 36.36364 shares of Class A Common Stock per $1,000 principal amount of New Exchangeable Notes, which is equivalent to an initial exchange price of approximately $27.50 per share of Class A Common Stock, subject to adjustment as provided in Indenture.
Footnote F3
Reflects securities held directly by Libman Family Holdings, LLC. The sole manager of Libman Family Holdings, LLC is Brian L. Libman.