LIBMAN BRIAN L 4
4 · Finance of America Companies Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Finance of America (FOA) 10% Owner Brian Libman Exercises RSUs
What Happened
Brian L. Libman, reported as a 10% owner of Finance of America Companies Inc. (FOA), converted/exercised 4,570 vested restricted stock units (RSUs) into shares on May 15, 2026. The filing also shows a matching derivative entry for 4,570 units disposed at $0.00 (reflecting the derivative/settlement mechanics). On May 18, 2026 he was granted 5,094 new RSUs (awarded at $0.00) that will vest in the future.
Key Details
- Transaction dates and amounts:
- May 15, 2026: Conversion/exercise of 4,570 RSUs into shares (acquired; no per-share price listed).
- May 15, 2026: Parallel derivative entry showing 4,570 units disposed at $0.00.
- May 18, 2026: Grant/award of 5,094 RSUs (acquired at $0.00).
- Monetary proceeds: No cash proceeds reported for these entries (prices listed as N/A or $0.00).
- Shares owned after transaction: Not specified in the provided excerpt; some securities are held via entities for which Libman serves as trustee or manager (see footnotes).
- Notable footnotes:
- F1/F4: RSUs convert one-for-one to common stock upon vesting and may be settled in stock, cash, or a combination.
- F5: The RSUs that converted/vested on May 15, 2026 did so at the issuer’s annual meeting.
- F6: The May 18 award vests on the earlier of May 18, 2027 or the next annual meeting.
- F2/F3: Some reported holdings are held by entities (trust/LLC) tied to Libman.
- Filing timeliness: Form filed May 19, 2026 for transactions dated May 15 and May 18; the filing itself does not indicate a late filing status in the excerpt.
Context
These entries involve RSU vesting/conversion and a new RSU grant rather than open-market buys or sales. The May 15 activity reflects vested RSUs converting into underlying shares (and corresponding derivative reporting), while the May 18 entry is a new award subject to future vesting and possible cash-or-stock settlement. As a 10% owner, Libman’s holdings are reported both personally and through related entities; the filing disclaims beneficial ownership of securities held indirectly except to the extent of any pecuniary interest.
Insider Transaction Report
- Exercise/Conversion
Class A Common Stock
[F1]2026-05-15+4,570→ 35,344 total - Exercise/Conversion
Restricted Stock Units
[F4][F5]2026-05-15−4,570→ 0 total→ Class A Common Stock (4,570 underlying) - Award
Restricted Stock Units
[F4][F6]2026-05-18+5,094→ 5,094 total→ Class A Common Stock (5,094 underlying)
- 24,173(indirect: See Footnote)
Class A Common Stock
[F2] - 1,086,956(indirect: See Footnote)
Class A Common Stock
[F3]
Footnotes (6)
- [F1]Reflects restricted stock units ("RSUs") that, upon vesting, converted into shares of Class A Common Stock of the Issuer ("Common Stock") on a one-for-one basis.
- [F2]Reflects securities held by an entity for which Brian L. Libman serves as a trustee.
- [F3]Reflects securities held directly by Libman Family Holdings, LLC. The sole manager of Libman Family Holdings, LLC is Brian L. Libman.
- [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.
- [F5]Reflects RSUs that vested on May 15, 2026, the date of the Issuer's annual stockholders' meeting following the date of grant.
- [F6]These RSUs shall vest on the earlier of (i) May 18, 2027 or (ii) the regularly scheduled annual stockholders' meeting of the Issuer following the grant date.