Alvarado Michael 4
4 · Five Point Holdings, LLC · Filed Mar 10, 2026
Research Summary
AI-generated summary of this filing
Five Point (FPH) COO Michael Alvarado Receives 626,260 Shares
What Happened
- Michael Alvarado (Chief Operating Officer, Chief Legal Officer & Vice President) received a total of 626,260 Class A common shares through the vesting/settlement and conversion of restricted share units and awards on March 8–9, 2026. The filing shows multiple vesting/conversion events and one new award/settlement.
- The company withheld 318,645 shares to satisfy tax withholding obligations (payment entries), which the filing values at a combined $1,673,590. Separately, 67,767 restricted share units were recorded as forfeited on March 9, 2026 per the filing.
Key Details
- Transaction dates: March 8–9, 2026; Form 4 filed March 10, 2026 (appears timely).
- Gross shares received (vesting/conversion/award): 626,260 (66,225 + 89,686 + 290,977 + 179,372).
- Shares withheld for taxes (dispositions labeled F): 318,645 shares, cash value shown as $1,673,590 (breakdowns in filing: 33,696 @ $5.44 = $183,306; 45,633 @ $5.23 = $238,661; 91,266 @ $5.23 = $477,321; 148,050 @ $5.23 = $774,302).
- Forfeiture: 67,767 restricted share units were forfeited on March 9, 2026 (per footnote).
- Footnotes: RSUs settle 1-for-1 into Class A common shares; some awards vested based on milestone/performance metrics and scheduled vesting (see filing footnotes F1–F9). The withheld shares were used to satisfy tax obligations — not an open-market sale by the insider.
- Shares owned after the transactions are not specified in the provided excerpt.
Context
- This was primarily a vesting/settlement event of restricted share units (and conversions/exercises of derivatives), not an open-market sale or purchase; the company withheld a portion of the issued shares for taxes (a routine cashless-withholding mechanism).
- Such compensation-driven vesting events are common and reflect scheduled/performance vesting rather than a directional buy/sell signal by the insider.
Insider Transaction Report
Form 4
Alvarado Michael
See Remarks
Transactions
- Exercise/Conversion
Class A common shares
[F1]2026-03-08+66,225→ 681,277 total - Tax Payment
Class A common shares
[F2]2026-03-08$5.44/sh−33,696$183,306→ 647,581 total - Exercise/Conversion
Class A common shares
[F1]2026-03-09+89,686→ 737,267 total - Tax Payment
Class A common shares
[F2]2026-03-09$5.23/sh−45,633$238,661→ 691,634 total - Award
Class A common shares
[F3]2026-03-09+179,372→ 871,006 total - Tax Payment
Class A common shares
[F2]2026-03-09$5.23/sh−91,266$477,321→ 779,740 total - Exercise/Conversion
Class A common shares
[F4]2026-03-09+290,977→ 1,070,717 total - Tax Payment
Class A common shares
[F2]2026-03-09$5.23/sh−148,050$774,302→ 922,667 total - Exercise/Conversion
Restricted share units
[F6][F7]2026-03-08−66,225→ 2,468,192 total→ Class A common shares (66,225 underlying) - Exercise/Conversion
Restricted share units
[F6][F8]2026-03-09−89,686→ 2,378,506 total→ Class A common shares (89,686 underlying) - Exercise/Conversion
Restricted share units
[F6][F4]2026-03-09−290,977→ 2,087,529 total→ Class A common shares (290,977 underlying) - Disposition to Issuer
Restricted share units
[F6][F9]2026-03-09−67,767→ 2,019,762 total→ Class A common shares (67,767 underlying)
Holdings
- 55,070(indirect: By Trust)
Class A common shares
[F5]
Footnotes (9)
- [F1]Each restricted share unit is a contingent right to receive one Class A common share. This transaction represents the settlement of restricted share units in Class A common shares on their scheduled vesting date.
- [F2]Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the settlement of restricted share units previously granted to the reporting person. No shares were sold by the reporting person.
- [F3]Represents restricted share units that vested on March 9, 2026 following certification of achievement of two milestone-based performance objectives.
- [F4]Represents restricted share units that vested based upon the satisfaction of certain share price targets during the three-year performance period ending March 9, 2026.
- [F5]The Class A common shares of the Company are owned by The Michael A. and Julie S. Alvarado Family Trust created u/t/d dated July 9, 2002, of which Mr. Alvarado and his wife serve as co-trustees.
- [F6]Each restricted share unit is a contingent right to receive one Class A common share.
- [F7]This award was granted on March 8, 2024. 66,225 restricted share units subject to the award vested on each of March 8, 2025 and March 8, 2026, and the remaining unvested restricted share units are scheduled to vest on March 8, 2027, assuming continued employment through the applicable vesting date.
- [F8]This award was granted on March 9, 2023, and the award is now fully vested.
- [F9]Represents restricted share units that were forfeited on March 9, 2026 following certification of achievement of certain share price targets.
Signature
/s/ Mike Alvarado|2026-03-10