Form 4 for FOA Finance of America Companies Inc.
Accepted 2023-01-17 00:00:00 ET · period of report 2023-01-12 · accession 0001828937-23-000003 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DI | 2023-01-17 | 2023-01-12 | FOA | Prahm Jeremy | CIO | M - OptEx | — | +2,239 | 2,239 | New | — |
| DI | 2023-01-17 | 2023-01-12 | FOA | Prahm Jeremy | CIO | D - Sale to Iss | $0.00 | -2,239 | 0 | -100% | $0 |
| DI | 2023-01-17 | 2023-01-12 | FOA | Prahm Jeremy | CIO | M - OptEx | $0.00 | -2,239 | 471.6K | -0.5% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-01-12 | M | A | 2,239 | — | 2,239 | I By Corp | — | — | (F1) Pursuant to the terms of an exchange agreement, dated as of April 1, 2021, limited liability company units of Finance of America Equity Capital LLC ("FOA Units") held by the Reporting Person are exchangeable for shares of Finance of America Companies Inc.'s (the "Issuer") Class A common stock ("Class A Common Stock") on a one-for-one basis. These exchange rights do not expire. |
| 2 | Common | Class A Common Stock | 2023-01-12 | D | D | 2,239 | $0.00 | 0 | I By Corp | — | — | (F2) Pursuant to the LTIP Award Settlement Agreement (the "LTIP Award Settlement Agreement"), dated as of October 12, 2020, by and among the Issuer, the Reporting Person, and certain equityholders of the Issuer and Finance of America Equity Capital LLC, such equityholders are obligated to deliver a number of shares of Class A Common Stock (either held or acquired upon conversion of FOA Units) to the Issuer in connection with the settlement of awards of restricted stock units granted by the Issuer. On January 12, 2023, in connection with the Issuer's settlement of restricted stock units into shares of Class A Common Stock, the Reporting Person converted certain FOA Units and delivered certain shares of Class A Common Stock to the Issuer pursuant to the LTIP Award Settlement Agreement. |
| 3 | Derivative | LLC Units of Finance of America Equity Capital LLC | 2023-01-12 | M | D | 2,239 | $0.00 | 471,604 | I By Corp | — · — to — | 2,239 Class A Common Stock | (F2) Pursuant to the LTIP Award Settlement Agreement (the "LTIP Award Settlement Agreement"), dated as of October 12, 2020, by and among the Issuer, the Reporting Person, and certain equityholders of the Issuer and Finance of America Equity Capital LLC, such equityholders are obligated to deliver a number of shares of Class A Common Stock (either held or acquired upon conversion of FOA Units) to the Issuer in connection with the settlement of awards of restricted stock units granted by the Issuer. On January 12, 2023, in connection with the Issuer's settlement of restricted stock units into shares of Class A Common Stock, the Reporting Person converted certain FOA Units and delivered certain shares of Class A Common Stock to the Issuer pursuant to the LTIP Award Settlement Agreement. (F1) Pursuant to the terms of an exchange agreement, dated as of April 1, 2021, limited liability company units of Finance of America Equity Capital LLC ("FOA Units") held by the Reporting Person are exchangeable for shares of Finance of America Companies Inc.'s (the "Issuer") Class A common stock ("Class A Common Stock") on a one-for-one basis. These exchange rights do not expire. |