Tai A. Thornock - 01 Apr 2022 Form 4 Insider Report for Finance of America Companies Inc. (FOA)

Role
Chief Accounting Officer
Signature
/s/ Tracy Lowe, as Attorney-in-Fact
Issuer symbol
FOA
Transactions as of
01 Apr 2022
Transactions value $
-$30,643
Form type
4
Date filed
05 Apr 2022, 16:16
Previous filing
01 Oct 2021
Next filing
04 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FOA Class A Common Stock Options Exercise +34.4K +141.45% 58.7K 01 Apr 2022 Direct F1
transaction FOA Class A Common Stock Tax liability -$30.6K -10.1K -17.17% $3.04 48.6K 01 Apr 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FOA Restricted Stock Units Options Exercise $0 -34.4K -33.33% $0.00 68.8K 01 Apr 2022 Class A Common Stock 34.4K Direct F1
transaction FOA Restricted Stock Units Award $0 +29.3K $0.00 29.3K 01 Apr 2022 Class A Common Stock 29.3K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The restricted stock units will be settled in either Class A Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The remaining restricted stock units vest in equal installments on each of the third and fourth anniversaries of April 1, 2021, subject to the Reporting Person's continued employment
F2 Represents the withholding of shares of Class A Common Stock in connection with the settlement of restricted stock units.
F3 Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. The restricted stock units will be settled in either Class A Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The restricted stock units shall vest in one-third increments upon the first, second and third anniversaries of the grant date, subject to the Reporting Person's continued employment.