Schwarzman Stephen A's Form 4 filing
Finance of America Companies Inc. (FOA) · filed Apr 4, 2023
- Accession no.
- 0000899243-23-010456
- Filed
- Apr 4, 2023, 5:35 PM ET
- Trade date
- Mar 31-Apr 3, 2023
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not checked
This filing lists 8 non-derivative transactions and 2 derivative transactions. Open-market purchases total $15.0M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Schwarzman Stephen ACIK 0001070844 | 10% Owner |
| Blackstone Inc.CIK 0001393818 | 10% Owner |
| Blackstone Group Management L.L.C.CIK 0001404071 | 10% Owner |
| Blackstone Holdings III L.P.CIK 0001404073 | 10% Owner |
| Blackstone Holdings III GP L.P.CIK 0001478809 | 10% Owner |
| Blackstone Holdings III GP Management L.L.C.CIK 0001478815 | 10% Owner |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Mar 31, 2023 | Class A Common Stock | PPurchaseAcquired | +7,717,103 | $1.38 | +$10,649,602.14 | 7,717,103 | Indirect | Duplicate filing |
| Mar 31, 2023 | Class A Common Stock | PPurchaseAcquired | +3,109,235 | $1.38 | +$4,290,744.3 | 24,727,216 | Indirect | Duplicate filing |
| Mar 31, 2023 | Class A Common Stock | PPurchaseAcquired | +43,228 | $1.38 | +$59,654.64 | 43,228 | Indirect | Duplicate filing |
| Apr 3, 2023 | Class A Common Stock | CConversionAcquired | +777,935 | –F2 | – | 8,495,038 | Indirect | Duplicate filing |
| Apr 3, 2023 | Class A Common Stock | JOtherDisposed | −777,935 | $0.00F3 | $0 | 7,717,103 | Indirect | Duplicate filing |
| Apr 3, 2023 | Class A Common Stock | CConversionAcquired | +4,466 | –F2 | – | 47,694 | Indirect | Duplicate filing |
| Apr 3, 2023 | Class A Common Stock | JOtherDisposed | −4,466 | $0.00F3 | $0 | 43,228 | Indirect | Duplicate filing |
| Apr 3, 2023 | Class A Common Stock | JOtherDisposed | −340,506 | $0.00F3 | $0 | 24,386,710 | Indirect | Duplicate filing |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Apr 3, 2023 | Class A Common Stock | CConversionDisposed | −777,935 | $0.00 | $0 | 48,611,415 | Indirect | Duplicate filing |
| Apr 3, 2023 | Class A Common Stock | CConversionDisposed | −4,466 | $0.00 | $0 | 279,055 | Indirect | Duplicate filing |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
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 Persons are exchangeable for shares of the Issuer's Class A Common Stock on a one-for-one basis. These exchange rights do not expire.
Referenced by the price of 2 transactions in Table I.
- F3
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 Persons or certain of their affiliates and certain other equityholders of the Issuer and Finance of America Equity Capital LLC, such equityholders are obligated to deliver a number of shares of Class A Common Stock to the Issuer in connection with the settlement of awards of restricted stock units granted by the Issuer. On April 3, 2023, in connection with the Issuer's settlement of restricted stock units into shares of Class A Common Stock, certain Reporting Persons delivered certain shares of Class A Common Stock to the Issuer pursuant to the LTIP Award Settlement Agreement.
Referenced by the price of 3 transactions in Table I.