FOA (NYSE: FOA) CIO Jeremy Prahm sells 6,000 shares under Rule 10b5-1 plan

Rhea-AI Filing Summary

Finance of America Companies Inc. Chief Investment Officer Jeremy Prahm reported an open-market sale of 6,000 shares of Class A Common Stock at a weighted average price of $23.0081 per share. After this transaction, he directly holds 232,196 shares. The sale was effected under a pre-arranged Rule 10b5-1 trading plan, meaning it was executed pursuant to a prior trading arrangement rather than as a spontaneous market decision. Footnote disclosure adds that individual trade prices ranged from $22.75 to $23.47 per share.

Insights

Equity governance analyst

Routine 10b5-1 sale of a small portion of CIO’s holdings.

The filing shows Chief Investment Officer Jeremy Prahm executed an open-market sale of 6,000 Class A shares at a weighted average of $23.0081. Following the trade, he still directly holds 232,196 shares, indicating this is a relatively small position change.

The transaction was carried out under a pre-arranged Rule 10b5-1 trading plan, which is designed to schedule trades in advance and reduce discretion over timing. That context typically makes the sale more consistent with routine liquidity or diversification than with an active market-timing decision.

No derivative positions are reported in this filing, and there are no indications of tax withholding, gifts, or restructurings. Future company filings may provide additional context on any subsequent trading activity by executives or changes in overall insider ownership levels.

Insider Trade Summary 10b5-1

Net Seller: 6,000 shares

Net Sell 1 txn

Insider Prahm Jeremy

Role Chief Investment Officer

Sold 6,000 shs ($138K)

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	6,000	$23.0081	$138K

Holdings After Transaction: Class A Common Stock — 232,196 shares (Direct)

Footnotes (2)

1. F1. Represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 22, 2025.
2. F2. The price reported in Column 4 is a weighted average price which has been rounded to four decimal points. These shares were sold in multiple transactions at prices ranging from $22.75 to $23.47, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.

Key Figures

Shares sold: 6,000 shares Weighted average sale price: $23.0081 per share Shares held after transaction: 232,196 shares +1 more

4 metrics

Shares sold 6,000 shares Open-market sale of Class A Common Stock

Weighted average sale price $23.0081 per share Average price for 6,000 shares sold

Shares held after transaction 232,196 shares Direct holdings following reported sale

Sale price range $22.75–$23.47 per share Range of individual trade prices in the sale

Key Terms

Rule 10b5-1 trading plan, weighted average price, open-market sale

3 terms

Rule 10b5-1 trading plan regulatory

"Represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

weighted average price financial

"The price reported in Column 4 is a weighted average price which has been rounded"

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 04/22/2026 - 04:31 PM Learn about SEC filing dates

FAQ

What insider transaction did FOA Chief Investment Officer Jeremy Prahm report?

Jeremy Prahm reported an open-market sale of 6,000 shares of Finance of America Companies Inc. Class A Common Stock. The shares were sold at a weighted average price of $23.0081 per share, according to the Form 4 insider trading disclosure.

At what prices were Jeremy Prahm’s FOA shares sold in this Form 4?

The filing lists a weighted average sale price of $23.0081 per share. Footnotes explain that multiple trades occurred within a price range from $22.75 to $23.47 per share, all contributing to that reported average price figure.

How many FOA shares does Jeremy Prahm hold after this reported sale?

After selling 6,000 shares, Jeremy Prahm directly holds 232,196 shares of Finance of America Companies Inc. Class A Common Stock. This remaining stake, disclosed in the Form 4, provides context on his ongoing equity exposure to the company.

Was Jeremy Prahm’s FOA stock sale part of a Rule 10b5-1 trading plan?

Yes. A footnote states the 6,000-share sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Jeremy Prahm. Such plans pre-schedule trades, reducing discretion over timing and often signaling routine portfolio management rather than opportunistic trading.

Does this FOA Form 4 report any option exercises or derivative transactions?

No. The transaction involves only non-derivative Class A Common Stock. The derivative transaction summary in the data is empty, indicating no option exercises, warrant conversions, or other derivative-related trades were reported in this particular Form 4 filing.

Is Jeremy Prahm’s FOA stock sale considered a buy or sell transaction?

The transaction is a sell. The Form 4 identifies the code as “S,” describes it as an open-market sale, and classifies the transaction direction as a sale of 6,000 Class A Common Stock shares by the Chief Investment Officer.

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).

X

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^*

Prahm Jeremy

(Last) (First) (Middle)

C/O FINANCE OF AMERICA COMPANIES INC.,

5830 GRANITE PARKWAY, SUITE 400

(Street)

PLANO TEXAS 75024

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026

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

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

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

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	04/20/2026		S(1)		6,000	D	$23.0081(2)	232,196	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 a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 22, 2025.

2. The price reported in Column 4 is a weighted average price which has been rounded to four decimal points. These shares were sold in multiple transactions at prices ranging from $22.75 to $23.47, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the U.S. Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.

Remarks:

	/s/ Tracy Lowe, as power of attorney for Jeremy Prahm	04/22/2026
	** 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.
* Form 4: SEC 1474 (03-26)