Prahm Jeremy 4
4 · Finance of America Companies Inc. · Filed Apr 3, 2024
Insider Transaction Report
Form 4
Prahm Jeremy
Chief Investment Officer
Transactions
- Exercise/Conversion
Class A Common Stock
2024-04-01+3,924→ 3,924 total(indirect: By Corp) - Disposition to Issuer
Class A Common Stock
2024-04-01−3,924→ 0 total(indirect: By Corp) - Exercise/Conversion
Class A Common Stock
2024-04-01+206,400→ 662,081 total - Tax Payment
Class A Common Stock
2024-04-01$0.74/sh−63,159$46,428→ 598,922 total - Exercise/Conversion
Class A Common Stock
2024-04-01+162,866→ 761,788 total - Tax Payment
Class A Common Stock
2024-04-01$0.74/sh−49,838$36,636→ 711,950 total - Tax Payment
Class A Common Stock
2024-04-01$0.74/sh−123,388$90,703→ 991,788 total - Exercise/Conversion
Restricted Stock Units
2024-04-01−206,400→ 0 total→ Class A Common Stock (206,400 underlying) - Exercise/Conversion
Restricted Stock Units
2024-04-01−162,866→ 162,867 total→ Class A Common Stock (162,866 underlying) - Exercise/Conversion
Class A Common Stock
2024-04-01+403,226→ 1,115,176 total - Exercise/Conversion
LLC Units of Finance of America Equity Capital LLC
2024-04-01−3,924→ 458,759 total(indirect: By Corp)→ Class A Common Stock (3,924 underlying) - Exercise/Conversion
Restricted Stock Units
2024-04-01−403,226→ 806,452 total→ Class A Common Stock (403,226 underlying) - Award
Restricted Stock Units
2024-04-01+2,000,000→ 2,000,000 total→ Class A Common Stock (2,000,000 underlying)
Footnotes (7)
- [F1]Pursuant to the terms of an exchange agreement, dated as of April 1, 2021, limited liability company units of Finance of America Equity Capital LLC ("FOA Units") held by the Reporting Person are exchangeable for shares of the Issuer's Class A common stock ("Common Stock") on a one-for-one basis. These exchange rights do not expire.
- [F2]Pursuant to the LTIP Award Settlement Agreement (the "LTIP Award Settlement Agreement"), dated as of October 12, 2020, by and among the Issuer, the Reporting Person and certain equityholders of the Issuer and Finance of America Equity Capital LLC, such equityholders are obligated to deliver a number of shares of Common Stock (either held or acquired upon conversion of FOA Units) to the Issuer in connection with the settlement of awards of restricted stock units ("RSUs"), granted by the Issuer. On April 1, 2024, in connection with the Issuer's settlement of RSUs into shares of Common Stock, the Reporting Person converted certain FOA Units and delivered certain shares of Common Stock to the Issuer pursuant to the LTIP Award Settlement Agreement.
- [F3]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.
- [F4]Represents the withholding of shares of Common Stock for tax purposes in connection with the settlement of RSUs.
- [F5]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. The remaining RSUs vest on the third anniversary of April 1, 2022, subject to the Reporting Person's continued employment.
- [F6]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. The remaining RSUs vest on the second and third anniversaries of April 1, 2023, subject to the Reporting Person's continued employment.
- [F7]Represents additional RSUs granted to the Reporting Person on April 1, 2024. 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. The RSUs shall vest in one-third increments upon the first, second and third anniversaries of the vesting reference date, April 1, 2024, subject to the Reporting Person's continued employment.