First American director logs gift; indirect stake at 2,165,546 shares

Rhea-AI Filing Summary

First American Financial (FAF) director Parker S. Kennedy reported a bona fide gift on 11/10/2025 (Transaction Code G). The filing shows 2,950 shares at a price of $0, held indirectly through Kennedy Enterprises, L.P. After the reported transaction, indirect holdings are listed as 2,165,546 shares by the limited partnership.

The explanation clarifies the gifts were of limited partnership interests to eight individuals and did not change the number of First American shares held by the partnership. The report also lists 191,689 shares held directly, which includes 2,587 unvested RSUs from an original grant of 2,522 RSUs (plus dividend reinvestment), scheduled to vest on 2/24/2026.

Insights

Insider transactions and governance analyst

Administrative Form 4 reflecting gifts via LP interests; neutral impact.

The entry records a Code G gift on 11/10/2025 tied to limited partnership interests, with the table showing 2,950 shares at $0 and post-transaction indirect holdings of 2,165,546 shares through Kennedy Enterprises, L.P. The narrative states the gifts did not change the partnership’s First American share count.

Direct holdings are listed at 191,689 shares, including 2,587 unvested RSUs vesting on 2/24/2026. This is a routine ownership update; market impact depends on holder decisions and subsequent disclosures.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KENNEDY PARKER S

(Last) (First) (Middle)

1 FIRST AMERICAN WAY

(Street)

SANTA ANA CA 92707

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
First American Financial Corp [ FAF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	11/10/2025		G		2,950(1)	D	$0	2,165,546	I(2)	By Limited Partnership
Common Stock								191,689(3)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents separate gifts of limited partnership interests in Kennedy Enterprises, L.P. to eight individuals. Each gift represents approximately a 0.0170% interest in Kennedy Enterprises. The transaction did not result in the acquisition or disposition of any First American shares by the partnership.

2. The reported securities are held by Kennedy Enterprises, L.P., a limited partnership of which the reporting person is the sole general partner. The reporting person and his wife are also limited partners of the partnership. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

3. Includes 2,587 unvested Restricted Stock Units ("RSUs") acquired pursuant to an original grant of 2,522 RSUs and shares acquired through automatic dividend reinvestment, vesting 2/24/2026, the first anniversary of the grant.

	/s/ Stacy S. Rust, Attorney-in-Fact for Parker S. Kennedy	11/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did FAF’s director report on Form 4?

A bona fide gift (Code G) dated 11/10/2025, shown as 2,950 shares at $0, held indirectly via a limited partnership.

How many FAF shares does the reporting person hold indirectly after the transaction?

Indirect holdings are listed as 2,165,546 shares through Kennedy Enterprises, L.P.

How many FAF shares are held directly?

The filing lists 191,689 shares held directly.

What RSUs are included in the direct holdings for FAF (FAF)?

Direct holdings include 2,587 unvested RSUs from an original grant of 2,522 RSUs plus dividend reinvestment, vesting on 2/24/2026.

Did the gift change the partnership’s FAF share count?

The explanation states the gifts were of partnership interests and did not result in acquisition or disposition of First American shares by the partnership.

What is the reporting person’s relationship to FAF?

The reporting person is a Director of First American Financial Corp.