Finance of America (NYSE: FOA) 10% holder reports small share buy
Rhea-AI Filing Summary
Finance of America Companies Inc. reported an insider transaction by 10% owner Leon G. Cooperman, involving an indirect open-market purchase of 28 shares of Class A common stock at $16.10 per share. The shares are held in the account of Omega Capital Partners, L.P., a private investment entity over which he has investment discretion, with 1,267,718 shares indirectly owned after the trade. Additional small direct and indirect holdings are reported in various family and retirement accounts, with beneficial ownership broadly disclaimed except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 28 shares
Net Buy
6 txns
Insider
COOPERMAN LEON G
Role
10% Owner
Bought
28 shs ($450.80)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A Common Stock, par value $0.0001 per share | 28 | $16.10 | $450.80 |
| holding | Class A Common Stock, par value $0.0001 per share | -- | -- | -- |
| holding | Class A Common Stock, par value $0.0001 per share | -- | -- | -- |
| holding | Class A Common Stock, par value $0.0001 per share | -- | -- | -- |
| holding | Class A Common Stock, par value $0.0001 per share | -- | -- | -- |
| holding | Class A Common Stock, par value $0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock, par value $0.0001 per share — 1,267,718 shares (Indirect, See Footnote (1));
Class A Common Stock, par value $0.0001 per share — 5,575 shares (Direct);
Class A Common Stock, par value $0.0001 per share — 12,350 shares (Indirect, See Footnote (2));
Class A Common Stock, par value $0.0001 per share — 350 shares (Indirect, See Footnote (3));
Class A Common Stock, par value $0.0001 per share — 45 shares (Indirect, See Footnote (4));
Class A Common Stock, par value $0.0001 per share — 30 shares (Indirect, See Footnote (5))
Footnotes (5)
- 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.
- 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.
- F3. These securities are held in the individual retirement account of Mr. Cooperman. 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.
- F4. These securities are held in the individual retirement account of Michael Cooperman, the Reporting Person's adult child, 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.
- F5. These securities are held in the individual retirement account of Toby Cooperman, the Reporting Person's spouse, 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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FAQ
What insider transaction did FOA report for Leon G. Cooperman?
Finance of America Companies Inc. reported an indirect open-market purchase of 28 Class A shares. The transaction was executed at $16.10 per share and is recorded as a routine buy by a 10% owner with large existing indirect holdings.
Was the FOA insider purchase a direct or indirect holding for Leon G. Cooperman?
The 28-share FOA purchase was reported as an indirect holding. The shares are held in the account of Omega Capital Partners, L.P., with Cooperman having investment discretion and formally disclaiming beneficial ownership except to the extent of any pecuniary interest.