Form 4: Finance of America Companies Inc.: Executive Brian Libman Reports Changes in Beneficial Ownership

Brian Libman, a director and 10% owner of Finance of America Companies Inc., reports the conversion of LLC Units into Class A Common Stock and the delivery of shares to settle restricted stock units.

Summary

• On April 1, 2024, Brian Libman, a director and 10% owner of Finance of America Companies Inc. (FOA), engaged in transactions involving Class A Common Stock and LLC Units of Finance of America Equity Capital LLC.
• Libman converted 583,046 FOA Units into Class A Common Stock.
• These shares were then used to settle awards of restricted stock units (RSUs) granted by the Issuer, pursuant to the LTIP Award Settlement Agreement.
• Following these transactions, Libman directly owns 151,244 shares of Class A Common Stock and indirectly owns 241,730 shares through an entity where he serves as a trustee.
• Libman Family Holdings, LLC, where Brian L. Libman is the sole manager, holds 10,869,566 shares of Class A Common Stock directly and 69,550,568 LLC Units indirectly.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions by an insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency to investors regarding the transactions of key individuals within the company.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares, but the overall effect is likely minimal as it relates to the settlement of existing RSU awards.

Key Dates