MNUCHIN STEVEN T 4

What Happened
Steven T. Mnuchin, reported as a 10% owner, was granted 9,939 restricted stock units (RSUs) in Flagstar Bank (FLG) on January 27, 2026. The units were reported at a $0 per-share acquisition price (total reported value $0) and are service-based awards that will convert into shares over time as they vest.

Key Details

• Transaction date: 2026-01-27 (Form 4 filed 2026-01-29). No indication in the filing that this was a late report.
• Transaction type/code: A — grant/award (service-based RSUs).
• Shares granted: 9,939 RSUs; reported acquisition price $0.00; total $0 reported.
• Shares owned/beneficial interest: filing discloses related entities (Liberty Purchaser) hold 74,999,994 shares; the reporting person disclaims beneficial ownership except to the extent of any pecuniary interest. See footnotes F1–F3 for details.
• Vesting: Footnote F1 states these are service-based RSUs that will vest into common stock over time.

Context
This is an equity award (not an open-market purchase or sale) and is typically part of compensation or retention. Because Mnuchin is reported as a 10% owner tied to institutional entities (see footnote F2) and disclaims direct beneficial ownership (F3), the filing reflects an award grant rather than routine personal market trading.