Form 4: Five Point Holdings Director Sam Levinson Reports Share Transactions
SEC Form 4 Filing
Director Sam Levinson reports acquisition and indirect ownership of Five Point Holdings Class A common shares.
Summary
- On March 12, 2025, Sam Levinson, a director of Five Point Holdings, reported transactions involving Class A common shares.
- Levinson acquired 37,174 Class A common shares as part of a long-term incentive plan, receiving restricted shares in lieu of cash compensation.
- These restricted shares will vest quarterly on March 31, 2025, June 30, 2025, September 30, 2025, and December 31, 2025, contingent upon continued service.
- Following the transaction, Levinson directly owns 47,904 Class A common shares.
- Levinson may be deemed to indirectly beneficially own 6,219,241 Class A common shares held by GFFP Holdings, LLC, due to his role as a managing member of GF GW II, LLC, which is the managing member of GFFP.
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a routine disclosure of share transactions by a company director. The acquisition of shares through a compensation plan is generally viewed as a positive sign, aligning management's interests with shareholders.
Positives
- The acquisition of shares through the long-term incentive plan aligns Levinson's interests with the company's performance.
- The vesting schedule encourages continued service with the Issuer.
Future Outlook
The vesting of restricted shares is contingent upon the Reporting Person's continued service with the Issuer through each vesting date.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider ownership.
- The vesting schedule incentivizes the director to remain with the company, potentially benefiting stakeholders.
Key Dates
| Date | Description |
|---|---|
| 03/12/2025 | Date of transaction: Acquisition of Class A common shares. |
| 03/31/2025 | First vesting date for restricted shares. |
| 06/30/2025 | Second vesting date for restricted shares. |
| 09/30/2025 | Third vesting date for restricted shares. |
| 12/31/2025 | Final vesting date for restricted shares. |
| 03/14/2025 | Date of signature for the report. |
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