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Finance of America Companies Inc.·4

May 19, 4:21 PM ET

LIBMAN BRIAN L 4

Research Summary

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Updated

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.