Tobler Kim 4

What Happened

• Tobler Kim, Chief Financial Officer (also Treasurer and Vice President) of Five Point Holdings (FPH), had 33,021 restricted share units (RSUs) settle into Class A common shares on April 8, 2026. To satisfy tax withholding, 16,802 shares were withheld at $5.00 per share for a tax withholding value of $84,010.
• On the same date Kim was granted additional RSU awards: 94,500, 126,000 and 80,000 restricted share units (totaling 300,500 RSUs). These awards are derivative awards (contingent rights to receive shares) and not immediate free trading shares.

Key Details

• Transaction date: April 8, 2026; Form filed April 10, 2026 (timely filing).
• Tax withholding: 16,802 shares withheld at $5.00/share for $84,010 (shares were withheld by the company, not sold on the open market).
• Settlement: 33,021 RSUs converted/settled into Class A common shares.
• New grants: 94,500 RSUs; 126,000 RSUs; 80,000 RSUs (granted as derivative awards at $0 exercise price).
• Ownership: Class A common shares are held by The Tobler Family Trust dated February 6, 2009 (per filing).
• Shares owned after transaction: not specified in the disclosed items.
• Notable vesting/conditions (from footnotes):
  • Some RSUs vest in equal installments over three years (Apr 8, 2027–2029) subject to continued service.
  • Some RSUs are performance-based and vest only if certain share-price targets are met by Feb 28, 2029; one set vests only if price exceeds $10 for any 20 consecutive days during the period.

Context

• The settlement was effectively a conversion of RSUs into shares; the withholding of 16,802 shares to cover taxes is a routine tax-related disposition (not an open-market sale).
• The new RSU grants are conditional — they do not represent immediately tradable shares and depend on service and/or performance targets. Such awards are common for executive compensation and do not by themselves signal buying or selling intent in the open market.