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Leon G. Cooperman files corrective Form 4 for FOA purchases across 2024–2025

Filing Impact
(Very High)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Leon G. Cooperman, identified as a director of Finance of America Companies Inc. (FOA), filed a Form 4 reporting multiple purchases of Class A common stock executed between 08/27/2024 and 05/20/2025. The report lists repeated purchase (P) transactions at prices ranging from $7.00 to $24.00, with individual transaction sizes from 204 to 40,000 shares. The filing shows the securities are held indirectly in the account of Omega Capital Partners, L.P. and municipally in a UTMA account for a minor grandchild; the Reporting Person disclaims beneficial ownership except for his pecuniary interest. The Form 4 states these transactions were not timely filed and the Reporting Person acknowledges the late filing and undertakes to file timely in the future.

Positive

  • Consistent accumulation: Multiple purchases over time, including a 40,000-share acquisition on 02/24/2025 at $21.70, showing sustained buying activity.
  • Disclosure of holdings: Post-transaction beneficial ownership figures are provided for each trade, enabling transparent tracking of reported indirect positions.

Negative

  • Late filing: The Form 4 acknowledges transactions between 08/27/2024 and 05/20/2025 were not timely reported.
  • Beneficial ownership disclaimer: The Reporting Person disclaims beneficial ownership of shares held in Omega Capital Partners, L.P. and the UTMA account, which limits inference about control.

Insights

TL;DR: A long-term director executed multiple purchases across several months, materially increasing reported indirect holdings.

The transactions are all recorded as purchases of Class A common stock at prices between $7.00 and $24.00, indicating sustained accumulation rather than a single event. The largest reported single acquisition in this series is 40,000 shares on 02/24/2025 at $21.70. Reported post-transaction beneficial ownership figures associated with the Omega Capital account rise through the sequence, reflecting growing indirect exposure. For investors tracking insider activity, the pattern shows consistent buying over an extended period, but the filings note the reporter disclaims beneficial ownership except to the extent of pecuniary interest, which affects interpretation of influence.

TL;DR: Multiple late-filed Form 4 transactions raise disclosure compliance concerns despite corrective filing.

The Form 4 explicitly states the reported transactions were not timely filed and span from August 27, 2024 to May 20, 2025; the Reporting Person acknowledges the late filing and promises timely future filings. From a compliance perspective, late reporting can be material for regulatory review even when transactions are corrective. The report also clarifies that many shares are held indirectly via Omega Capital Partners, L.P., and some in a UTMA account for a minor, with a disclaimer of beneficial ownership. Documentation appears to include a power of attorney signature, indicating an authorized filer executed the submission.

Insider COOPERMAN LEON G
Role 10% Owner
Bought 242,297 shs ($3.90M)
Type Security Shares Price Value
Purchase Class A Common Stock, par value $0.0001 per share 250 $22.70 $6K
Purchase Class A Common Stock, par value $0.0001 per share 10,300 $21.42 $221K
Purchase Class A Common Stock, par value $0.0001 per share 6,201 $21.00 $130K
Purchase Class A Common Stock, par value $0.0001 per share 987 $20.63 $20K
Purchase Class A Common Stock, par value $0.0001 per share 10,000 $19.30 $193K
Purchase Class A Common Stock, par value $0.0001 per share 5,000 $20.75 $104K
Purchase Class A Common Stock, par value $0.0001 per share 266 $20.00 $5K
Purchase Class A Common Stock, par value $0.0001 per share 20,000 $17.39 $348K
Purchase Class A Common Stock, par value $0.0001 per share 30,000 $20.80 $624K
Purchase Class A Common Stock, par value $0.0001 per share 10,216 $21.00 $215K
Purchase Class A Common Stock, par value $0.0001 per share 13,000 $20.95 $272K
Purchase Class A Common Stock, par value $0.0001 per share 6,645 $21.00 $140K
Purchase Class A Common Stock, par value $0.0001 per share 40,000 $21.70 $868K
Purchase Class A Common Stock, par value $0.0001 per share 565 $24.00 $14K
Purchase Class A Common Stock, par value $0.0001 per share 991 $14.91 $15K
Purchase Class A Common Stock, par value $0.0001 per share 30 $10.00 $300.00
Purchase Class A Common Stock, par value $0.0001 per share 17,226 $10.00 $172K
Purchase Class A Common Stock, par value $0.0001 per share 283 $10.02 $3K
Purchase Class A Common Stock, par value $0.0001 per share 2,277 $10.00 $23K
Purchase Class A Common Stock, par value $0.0001 per share 2,212 $10.00 $22K
Purchase Class A Common Stock, par value $0.0001 per share 8,461 $10.00 $85K
Purchase Class A Common Stock, par value $0.0001 per share 4,862 $10.00 $49K
Purchase Class A Common Stock, par value $0.0001 per share 64 $10.00 $640.00
Purchase Class A Common Stock, par value $0.0001 per share 1,080 $10.00 $11K
Purchase Class A Common Stock, par value $0.0001 per share 204 $7.00 $1K
Purchase Class A Common Stock, par value $0.0001 per share 23,703 $7.00 $166K
Purchase Class A Common Stock, par value $0.0001 per share 27,474 $7.10 $195K
Holdings After Transaction: Class A Common Stock, par value $0.0001 per share — 12,350 shares (Indirect, See Footnote)
Footnotes (2)
  1. F1. The securities are held in the account of Omega Capital Partners, L.P., a private investment entity over which the Reporting Person has investment discretion. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
  2. F2. These securities are held in the UTMA account of Asher Silvin Cooperman, the Reporting Person's minor grandchild, over which the Reporting Person maintains investment discretion. The Reporting Person disclaims beneficial ownership, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

Who filed this Form 4 for FOA and what is their relationship to the company?
The Form 4 was filed by Leon G. Cooperman, identified as a Director of Finance of America Companies Inc. (FOA).

What dates do the reported transactions cover on this Form 4?
The transactions occurred between 08/27/2024 and 05/20/2025, as stated in the filing.

What types of transactions are reported and what price range is shown?
All listed entries are purchase (P) transactions of Class A common stock with prices from $7.00 to $24.00.

Where are the purchased shares held according to the filing?
The filing states shares are held indirectly in the account of Omega Capital Partners, L.P. and some shares in a UTMA account for the Reporting Person's minor grandchild.

Does the filer claim beneficial ownership of the reported shares?
The Reporting Person disclaims beneficial ownership of the securities held in Omega Capital Partners and the UTMA account, except for pecuniary interest.

Did the Form 4 indicate any compliance issues?
Yes, the filing notes the transactions were not timely filed and the Reporting Person acknowledges the late filing and undertakes to make future filings on time.
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*
COOPERMAN LEON G
(Last) (First) (Middle)
ST. ANDREW'S COUNTRY CLUB
7118 MELROSE CASTLE LANE
(Street)
BOCA RATON FL 33496
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Finance of America Companies Inc. [ FOA ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/27/2024
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
Class A Common Stock, par value $0.0001 per share 08/27/2024 P 27,474 A $7.1 1,019,602 I See footnote(1)
Class A Common Stock, par value $0.0001 per share 08/28/2024 P 23,703 A $7 1,043,305 I See footnote(1)
Class A Common Stock, par value $0.0001 per share 08/29/2024 P 204 A $7 1,043,509 I See footnote(1)
Class A Common Stock, par value $0.0001 per share 09/24/2024 P 1,080 A $10 1,044,589 I See footnote(1)
Class A Common Stock, par value $0.0001 per share 09/25/2024 P 64 A $10 1,044,653 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 09/26/2024 P 4,862 A $10 1,049,515 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 10/03/2024 P 8,461 A $10 1,057,976 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 10/04/2024 P 2,212 A $10 1,060,188 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 10/07/2024 P 2,277 A $10 1,062,465 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 10/08/2024 P 283 A $10.02 783 I See Footnote(2)
Class A Common Stock, par value $0.0001 per share 10/09/2024 P 30 A $10 813 I See Footnote(2)
Class A Common Stock, par value $0.0001 per share 10/09/2024 P 17,226 A $10 1,079,691 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 11/08/2024 P 991 A $14.91 1,080,682 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 02/03/2025 P 565 A $24 1,081,247 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 02/24/2025 P 40,000 A $21.7 1,121,247 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 02/25/2025 P 6,645 A $21 1,127,892 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 03/04/2025 P 13,000 A $20.95 1,140,892 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 03/06/2025 P 10,216 A $21 1,151,108 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 03/10/2025 P 30,000 A $20.8 1,181,108 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 03/12/2025 P 20,000 A $17.39 1,201,108 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 03/13/2025 P 266 A $20 1,201,374 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 04/03/2025 P 5,000 A $20.75 1,206,374 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 04/08/2025 P 10,000 A $19.3 1,216,374 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 05/09/2025 P 987 A $20.63 1,800 I See Footnote(2)
Class A Common Stock, par value $0.0001 per share 05/14/2025 P 6,201 A $21 1,222,575 I See Footnote(1)
Class A Common Stock, par value $0.0001 per share 05/19/2025 P 10,300 A $21.42 12,100 I See Footnote(2)
Class A Common Stock, par value $0.0001 per share 05/20/2025 P 250 A $22.7 12,350 I See Footnote(2)
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. The securities are held in the account of Omega Capital Partners, L.P., a private investment entity over which the Reporting Person has investment discretion. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
2. These securities are held in the UTMA account of Asher Silvin Cooperman, the Reporting Person's minor grandchild, over which the Reporting Person maintains investment discretion. The Reporting Person disclaims beneficial ownership, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
Remarks:
This Form 4 reports transactions that were not timely filed. The transactions occurred between August 27, 2024 and May 20, 2025 and are being reported on Form 4 to bring the Reporting Person's ownership reports current. The Reporting Person acknowledges the late filing and undertakes to make all future filings on a timely basis.
/s/ Edward Levy, Attorney-In-Fact, POA on file 09/02/2025
** 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.

Source: View Original Filing on SEC EDGAR