SCHEDULE: Bloom Retirement Holdings Adopts 10b5-1 Trading Plan

Bloom Retirement Holdings Inc. and Reza Jahangiri have established a Rule 10b5-1 trading plan to sell up to 650,000 shares of Finance of America Companies Inc. Class A common stock.

Summary

• Bloom Retirement Holdings Inc. and Reza Jahangiri entered into a Rule 10b5-1 trading plan on May 6, 2026.
• The plan authorizes Goldman Sachs & Co. LLC to sell up to 650,000 shares of Class A common stock.
• Sales are scheduled to commence on June 8, 2026, and the plan terminates on June 11, 2027.
• The reporting persons currently beneficially own 1,576,243 shares, representing 9.49% of the class.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral administrative filing; while it indicates a planned sale of shares, it is a routine, pre-disclosed event that does not reflect a change in the company's operational performance.

Positives

• The trading plan is structured under Rule 10b5-1, providing a transparent and pre-planned mechanism for share divestment that helps mitigate concerns regarding insider trading.

Negatives

• The sale of up to 650,000 shares represents a significant portion of the reporting persons' holdings, which may be perceived as a lack of long-term confidence or a liquidity event by the market.

Risks

• Market volatility could impact the execution price of the shares.
• The plan is subject to suspension or termination under various conditions, including legal or regulatory changes.
• The issuer's status as a former shell company may introduce specific compliance complexities under Rule 144.

Future Outlook

The filing outlines a structured divestment program for the reporting persons over the next year, ending June 11, 2027, subject to market conditions and plan compliance.

Management Comments

• The reporting persons certify that they are not aware of any material nonpublic information concerning the Issuer at the time of adopting the plan.

Industry Context

StockSavvy.ai notes that the adoption of 10b5-1 plans by major shareholders is a standard corporate governance practice to provide liquidity while maintaining compliance with SEC regulations, though it often signals a planned reduction in equity exposure.

Comparison to Industry Standards

• The use of a 10b5-1 plan is the industry standard for executives and major shareholders to sell stock without triggering insider trading allegations.
• The inclusion of a cooling-off period and volume participation targets (6%) aligns with best practices for institutional-grade trading plans.

Stakeholder Impact

• Shareholders may experience increased selling pressure on the stock starting June 2026.
• The reduction in the reporting persons' stake may slightly increase the public float.

Next Steps

• Commencement of share sales on June 8, 2026.
• Ongoing compliance with Rule 144 and periodic reporting requirements.

Key Dates

Keywords

Finance of America, FOA, 10b5-1, Insider Trading, Stock Sale, Bloom Retirement Holdings, Reza Jahangiri