FOA (FOA) accounting chief sells 1,100 shares in 10b5-1 trade
Rhea-AI Filing Summary
Finance of America Companies Inc. (FOA) insider activity: Chief Accounting Officer Tai A. Thornock reported selling 1,100 shares of Class A common stock on January 16, 2026 at a price of $24.58 per share. The filing states that this sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on December 4, 2024 and amended on December 13, 2024, which is designed to allow insiders to sell shares according to a set schedule. After this transaction, Thornock beneficially owned 10,650 shares of Class A common stock, held directly.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,100 | $24.58 | $27K |
Footnotes (2)
- F1. Represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 4, 2024 and amended on December 13, 2024.
- F2. These shares were sold in multiple transactions each at the price of $24.58.
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FAQ
What insider transaction did FOA Chief Accounting Officer report?
FOA Chief Accounting Officer Tai A. Thornock reported selling 1,100 shares of Finance of America Companies Inc. Class A common stock on January 16, 2026.
Was the FOA insider sale made under a Rule 10b5-1 trading plan?
Yes. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted by Tai A. Thornock on December 4, 2024 and amended on December 13, 2024.
What is the role of Tai A. Thornock at Finance of America Companies Inc. (FOA)?
Tai A. Thornock serves as Chief Accounting Officer of Finance of America Companies Inc., and is an officer but not a director or 10% owner according to the filing.
What SEC form was used to report this FOA insider sale?
The transaction was reported on Form 4, which insiders use to disclose changes in beneficial ownership of a company’s equity securities.