SCHEDULE: Finance of America Companies Inc. - Ownership Update

Bloom Retirement Holdings Inc. and Reza Jahangiri report a 9.49% stake in Finance of America Companies Inc. Class A Common Stock following a forfeiture of units.

Summary

• This filing is an amendment (Amendment No. 15) to a Schedule 13D, originally filed on April 10, 2023, concerning the Class A Common Stock of Finance of America Companies Inc.
• Bloom Retirement Holdings Inc. and Reza Jahangiri (the Reporting Persons) collectively beneficially own 1,576,243 shares of Class A Common Stock, representing 9.49% of the outstanding shares.
• This ownership percentage is based on 8,551,931 shares of Class A Common Stock outstanding as of March 18, 2026.
• Bloom Retirement Holdings Inc. is the record holder of 666,379 shares and 909,864 FOAEC Units.
• Reza Jahangiri, as the majority shareholder of Bloom Retirement Holdings Inc., shares voting and dispositive power over these securities.
• The FOAEC Units are exchangeable for Class A Common Stock on a one-for-one basis, subject to a 'Control Condition' related to ownership limits and necessary consents.
• On April 9, 2026, the Reporting Persons forfeited 239,743 FOAEC Units to the Issuer for no consideration.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this filing as neutral, primarily an update on beneficial ownership and a report of a unit forfeiture, without significant new strategic information or financial performance indicators.

Positives

• Reporting Persons maintain a significant ownership stake of 9.49% in Finance of America Companies Inc. Class A Common Stock.
• The forfeiture of FOAEC Units demonstrates a commitment to adhering to ownership thresholds and potentially regulatory requirements.

Negatives

• The forfeiture of 239,743 FOAEC Units for no consideration represents a reduction in potential future shareholding for the Reporting Persons.
• The 'Control Condition' implies that full exchangeability of FOAEC Units into common stock is contingent on external approvals, creating uncertainty.

Risks

• The 'Control Condition' for the exchange of FOAEC Units introduces a risk that the Reporting Persons may not be able to convert all their units into Class A Common Stock.
• Potential future regulatory scrutiny or changes in ownership limits could impact the Reporting Persons' ability to maintain or increase their stake.

Future Outlook

The future outlook for the Reporting Persons' stake is dependent on the satisfaction of the 'Control Condition' for the exchange of FOAEC Units into Class A Common Stock. The forfeiture of units suggests a proactive management of their position relative to ownership limits.

Management Comments

• "The Reporting Persons may be deemed to beneficially own 1,576,243 shares of Class A Common Stock as of the date of this filing, representing 9.49% of the Class A Common Stock outstanding..."
• "Bloom Retirement Holdings Inc. will be issued FOAEC Units only to the extent that its ownership does not exceed 9.49% of the outstanding shares of Class A Common Stock... until... certain consents, approvals, authorizations and waivers are satisfied (the 'Control Condition')."
• "On April 9, 2026, the Reporting Persons agreed to forfeit to the Issuer an aggregate of 239,743 FOAEC Units for no consideration."

Industry Context

StockSavvy.ai notes that Schedule 13D filings are crucial for tracking significant ownership changes and potential shifts in control or influence within publicly traded companies. This amendment indicates ongoing adjustments to the Reporting Persons' stake in Finance of America Companies Inc., likely in response to evolving share structures or regulatory considerations.

Stakeholder Impact

• Shareholders: The 9.49% stake held by the Reporting Persons represents a significant block of shares, and any future actions they take could influence share price or corporate strategy.
• Creditors: Changes in major shareholder positions can sometimes signal shifts in financial stability or strategic direction, which could indirectly affect creditors.
• Management: The Reporting Persons' ownership level may influence discussions and decisions made by the company's management and board.

Next Steps

• Monitoring the satisfaction of the 'Control Condition' for the exchange of FOAEC Units.
• Observing any future transactions or changes in beneficial ownership by Bloom Retirement Holdings Inc. and Reza Jahangiri.

Key Dates

Keywords

Schedule 13D, Finance of America Companies Inc., Bloom Retirement Holdings Inc., Reza Jahangiri, Class A Common Stock, Beneficial Ownership, FOAEC Units, Ownership Threshold, SEC Filing, Amendment