Kristen N. Sieffert - Apr 1, 2025 Form 4 Insider Report for Finance of America Companies Inc. (FOA)

Role
President
Signature
/s/ Tracy Lowe, as power of attorney for Kristen N. Sieffert
Stock symbol
FOA
Transactions as of
Apr 1, 2025
Transactions value $
-$519,915
Form type
4
Date filed
4/3/2025, 04:45 PM
Previous filing
Mar 21, 2025
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 $0 +5.43K +10.65% $0.00 56.4K Apr 1, 2025 Direct F1, F2
transaction FOA Class A Common Stock Tax liability -$42K -1.97K -3.5% $21.26 54.4K Apr 1, 2025 Direct F3
transaction FOA Class A Common Stock Options Exercise $0 +13.4K +24.69% $0.00 67.9K Apr 1, 2025 Direct F1, F4
transaction FOA Class A Common Stock Tax liability -$102K -4.81K -7.08% $21.26 63.1K Apr 1, 2025 Direct F3
transaction FOA Class A Common Stock Options Exercise $0 +41.7K +66.07% $0.00 105K Apr 1, 2025 Direct F1, F5
transaction FOA Class A Common Stock Tax liability -$360K -16.9K -16.16% $21.26 87.8K Apr 1, 2025 Direct F3
transaction FOA Class A Common Stock Sale -$15.8K -750 -0.85% $21.09 87K Apr 1, 2025 Direct F6, F7

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 -5.43K -100% $0.00 0 Apr 1, 2025 Class A Common Stock 5.43K Direct F1, F2
transaction FOA Restricted Stock Units Options Exercise $0 -13.4K -50% $0.00 13.4K Apr 1, 2025 Class A Common Stock 13.4K Direct F1, F4
transaction FOA Restricted Stock Units Options Exercise $0 -41.7K -33.33% $0.00 83.3K Apr 1, 2025 Class A Common Stock 41.7K Direct F1, F5
transaction FOA Restricted Stock Units Award $0 +88.1K $0.00 88.1K Apr 1, 2025 Class A Common Stock 88.1K Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The number of restricted stock units ("RSUs") and shares of the Issuer's Class A common stock ("Common Stock") have been adjusted to reflect the Issuer's 1-for-10 reverse stock split of its Common Stock effective as of 5:00 p.m. Eastern Time on July 25, 2024.
F2 Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.
F3 Represents the withholding of shares of Common Stock for tax purposes in connection with the settlement of RSUs.
F4 Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The remaining RSUs vest on the third anniversary of April 1, 2023, subject to the Reporting Person's continued employment.
F5 Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The remaining RSUs vest on the second and third anniversaries of April 1, 2024, subject to the Reporting Person's continued employment.
F6 Represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 13, 2024.
F7 These shares were sold in multiple transactions each at the price of $21.0917.
F8 Represents additional RSUs granted to the Reporting Person on April 1, 2025. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The RSUs shall vest on the first, second, and third anniversaries of April 1, 2025, subject to the Reporting Person's continued employment.