McWilliams Greg 4

What Happened

• Greg McWilliams, Chief Policy Officer and Vice President of Five Point Holdings (FPH), had a series of restricted share unit (RSU) settlements on March 8–9, 2026 that converted to a total of 469,693 Class A shares. Portions of those shares were withheld to cover tax obligations (127,945 shares, ~$674,460) and he sold 111,037 shares in the open market on March 9, 2026 for $5.23 each, generating proceeds of $580,724. Additionally, 50,826 RSUs were forfeited to the issuer (reported as a $0 disposition).

Key Details

• Transaction dates: March 8–9, 2026; Form 4 filed March 10, 2026 (timely).
• RSUs settled (converted to shares): 49,668; 67,265; 218,232; and an award of 134,528 — total 469,693 shares.
• Shares withheld for tax obligations (code F): 25,272 @ $5.44 = $137,480; 34,225 @ $5.23 = $178,997; 68,448 @ $5.23 = $357,983 — total 127,945 shares (~$674,460). These were company withholdings, not open-market sales by the insider.
• Open-market sale (code S): 111,037 shares @ $5.23 = $580,724.
• Forfeiture/disposition to issuer (code D): 50,826 shares @ $0.00 (per footnote, RSUs forfeited).
• Footnotes: RSUs represent contingent rights to one Class A share each. Some awards vested based on time and performance (see notes re: grants from March 9, 2023 and March 8, 2024); some RSUs were forfeited after certification of share-price targets.
• Shares owned after transaction: not specified in the provided excerpt.

Context

• These filings show RSU vesting/settlement rather than cash purchases. The pattern here is settlement of incentive awards with company withholding to satisfy taxes and a partial open-market sale (common to cover personal liquidity/taxes). The derivative-code entries reflect conversion/settlement of RSUs into shares, not separate option purchases. No late filing was indicated in the provided data.