Levinson Sam 4
4 · Five Point Holdings, LLC · Filed Oct 24, 2024
Insider Transaction Report
Form 4
Levinson Sam
Director
Transactions
- Purchase
Class A units of Five Point Operating Company, LP
2024-10-22$3.15/sh+7,101,625$22,370,119→ 7,101,625 total(indirect: See Footnote)→ Class A common shares (7,101,625 underlying) - Purchase
Class A common shares
2024-10-22$3.15/sh+3,283,024$10,341,526→ 6,219,241 total(indirect: See Footnote) - Award
Class A common shares
2024-10-23+10,730→ 10,730 total - Purchase
Class A units of The Shipyard Communities, LLC
2024-10-22$3.15/sh+11,863,697$37,370,646→ 11,863,697 total(indirect: See Footnote)→ Class A common shares (11,863,697 underlying) - Purchase
Class B common shares
2024-10-22$0.00/sh+18,965,322$17,069→ 18,965,322 total(indirect: See Footnote)→ Class A common shares (5,689.6 underlying)
Footnotes (4)
- [F1]The Class A common shares are owned by GFFP Holdings, LLC (GFFP). GF GW II, LLC (GF GW) is the managing member of GFFP, and Mr. Levinson is a managing member of GF GW. By virtue of these relationships, Mr. Levinson may be deemed to beneficially own the Class A common shares owned by GFFP.
- [F2]This award represents an award pursuant to the Company's director compensation program, prorated for service through the end of 2024. Mr. Levinson was granted restricted shares that will vest on December 31, 2024, subject to his continued service with the Company through such vesting date.
- [F3]Class A units of The Shipyard Communities, LLC (San Francisco Venture) are exchangeable for Class A units of Five Point Operating Company, LP (Operating Company) on a one-for-one basis. Holders of Class A units of the Operating Company may exchange their units for, at the Company's option, either Class A common shares on a one-for-one basis or an equivalent amount in cash based on the then prevailing market price of the Class A common shares. When the Company acquires Class A units of the Operating Company, whether for Class A common shares or for cash, an equivalent number of the exchanging holder's Class B common shares will automatically convert into Class A common shares, with each Class B common share convertible into 0.0003 Class A common shares.
- [F4]The Class B common shares, Class A units of the Operating Company and Class A units of the San Francisco Venture are owned by GFFP. By virtue of the relationships described in footnote 1, Mr. Levinson may be deemed to beneficially own the securities owned by GFFP.