Finance of America (NYSE: FOA) CIO's 6,000-share sale was preplanned
Rhea-AI Filing Summary
Finance of America Companies Inc. (FOA) reported that Chief Investment Officer Jeremy Prahm sold 6,000 shares of Class A Common Stock on 2026-08-24 in an open market or private transaction. The shares were sold at a weighted average price of $19.8691 per share, with individual trade prices ranging from $19.78 to $20.01. Following this sale, Prahm directly owns 173,856 shares of FOA common stock. The transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by Prahm on 2025-12-22.
Positive
- None.
Negative
- None.
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 ($119K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock F1, F2 | 6,000 | $19.8691 | $119K |
Holdings After Transaction:
Class A Common Stock — 173,856 shares (Direct)
Footnotes (2)
- F1. Represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 22, 2025.
- 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 $19.78 to $20.01, 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 of Class A Common Stock
Weighted average sale price: $19.8691 per share
Sale price range: $19.78 to $20.01 per share
+2 more
5 metrics
Shares sold
6,000 shares of Class A Common Stock
Sale on 2026-08-24 by Chief Investment Officer Jeremy Prahm
Weighted average sale price
$19.8691 per share
Weighted average price for the 6,000 shares sold on 2026-08-24
Sale price range
$19.78 to $20.01 per share
Range of prices for multiple sale transactions included in the 6,000 shares
Shares owned after transaction
173,856 shares
Directly owned by Jeremy Prahm after the 2026-08-24 sale
10b5-1 plan adoption date
2025-12-22
Date Jeremy Prahm adopted the Rule 10b5-1 trading plan used for this sale
Key Terms
Rule 10b5-1 trading plan, weighted average price, Class A Common Stock, open market or private transaction
4 terms
Rule 10b5-1 trading plan regulatory
"Represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted"
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"
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.
Class A Common Stock financial
"security_title": "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
open market or private transaction financial
"transaction_code_description": "Sale in open market or private transaction""
FAQ
What insider transaction did FOA report for Jeremy Prahm?
FOA reported that Chief Investment Officer Jeremy Prahm sold 6,000 shares of Class A Common Stock on 2026-08-24 in an open market or private transaction at a weighted average price of $19.8691 per share.
Is Jeremy Prahm’s FOA sale part of a 10b5-1 plan according to the Form 4 checkbox?
Yes. The Form 4 indicates the Rule 10b5-1 checkbox is affirmed, and a footnote explains the sale was effected pursuant to a 10b5-1 trading plan adopted on 2025-12-22.
AI-generated analysis. How Rhea-AI works. Not financial advice.