Safra-linked EMS Opportunity Ltd. boosts FOA (NYSE: FOA) stake with open-market buys

Rhea-AI Filing Summary

Finance of America Companies Inc. insider Edmond Safra, through an affiliated entity, reported open-market purchases of Class A Common Stock. EMS Opportunity Ltd., associated with Safra, bought 50,000 shares at $16.4376 and 75,000 shares at $17.6685, bringing its indirectly held position to 520,188 shares after reflecting a one-for-ten reverse stock split.

Insights

Equity ownership analyst

Entity linked to Edmond Safra added 125,000 FOA shares in open-market buys.

An entity associated with Edmond Safra, EMS Opportunity Ltd., executed two open-market purchases of Finance of America Companies Class A shares, totaling 125,000 shares at prices between $16.4376 and $17.6685. All positions are reported as indirectly owned.

Following these trades, the filing shows 520,188 Class A shares indirectly held. Footnotes clarify that Safra is the sole shareholder of the manager’s general partner and disclaims beneficial ownership beyond his pecuniary interest, so these are portfolio-level moves rather than clearly personal buying.

Insider Trade Summary

Net Buyer: 125,000 shares

Net Buy 3 txns

Insider SAFRA EDMOND

Role 10% Owner

Bought 125,000 shs ($2.15M)

Type	Security	Shares	Price	Value
Purchase	Class A Common Stock	75,000	$17.6685	$1.33M
Purchase	Class A Common Stock	50,000	$16.4376	$822K
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Class A Common Stock — 881,588 shares (Indirect, See footnote)

Footnotes (3)

1. F1. On July 25, 2024, the Issuer effected a one-for-ten reverse stock split of its Class A Common Stock. The share amounts and per-share purchase prices reported herein reflect the reverse stock split.
2. F2. The securities are held directly by EMS Opportunity Ltd. and indirectly by Mr. Safra as the sole shareholder of EMS Capital Holding Inc., which is the general partner of EMS Capital LP, the investment manager of EMS Opportunity Ltd. Mr. Safra disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.
3. F3. Excludes 425,850 unvested shares issued in the name of the Replay Sponsor, LLC (the "Sponsor") that are subject to vesting and forfeiture. The shares reported on this line are held directly by the Sponsor and indirectly by Mr. Safra and Gregorio Werthein as managers of the Sponsor. Each of Messrs. Safra and Werthein disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Key Figures

Open-market purchase 1: 50,000 shares at $16.4376 Open-market purchase 2: 75,000 shares at $17.6685 Total shares bought: 125,000 shares +3 more

6 metrics

Open-market purchase 1 50,000 shares at $16.4376 Class A Common Stock bought on March 13, 2026

Open-market purchase 2 75,000 shares at $17.6685 Class A Common Stock bought on March 16, 2026

Total shares bought 125,000 shares Net open-market purchases reported in this Form 4

Post-transaction holdings 520,188 shares Class A Common Stock indirectly held after March 16, 2026 trade

Reverse stock split ratio 1-for-10 Class A Common Stock reverse split effective July 25, 2024

Excluded unvested shares 425,850 shares Unvested shares in name of Replay Sponsor, LLC, subject to vesting

Key Terms

one-for-ten reverse stock split, pecuniary interest, beneficial ownership, unvested shares, +1 more

5 terms

one-for-ten reverse stock split financial

"On July 25, 2024, the Issuer effected a one-for-ten reverse stock split of its Class A Common Stock."

pecuniary interest financial

"Mr. Safra disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein."

beneficial ownership financial

"disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

unvested shares financial

"Excludes 425,850 unvested shares issued in the name of the Replay Sponsor, LLC that are subject to vesting and forfeiture."

indirectly financial

"The securities are held directly by EMS Opportunity Ltd. and indirectly by Mr. Safra as the sole shareholder of EMS Capital Holding Inc."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/26/2026 - 10:47 AM Accepted by SEC EDGAR 06/26/2026 - 10:47 AM Learn about SEC filing dates

FAQ

What insider transactions were reported for FOA by Edmond Safra?

The filing shows an entity associated with Edmond Safra bought FOA Class A shares in the open market. It purchased 50,000 shares at $16.4376 and 75,000 shares at $17.6685, increasing its indirectly held position in the company.

How many Finance of America (FOA) shares does the Safra-related entity hold after these trades?

After the reported purchases, the filing lists 520,188 FOA Class A Common shares indirectly held. This figure reflects the post-transaction position for EMS Opportunity Ltd., with all amounts already adjusted for the one-for-ten reverse stock split noted in the footnotes.

At what prices did the Safra-linked entity buy FOA stock?

The entity associated with Edmond Safra bought FOA Class A Common Stock in two transactions. It acquired 50,000 shares at $16.4376 per share and 75,000 shares at $17.6685 per share in open-market purchases disclosed in the filing.

Are the FOA shares held directly by Edmond Safra or through another entity?

The FOA shares are held directly by EMS Opportunity Ltd. and only indirectly by Edmond Safra. Footnotes explain he is linked through EMS Capital entities and that he disclaims beneficial ownership except to the extent of his pecuniary interest in those securities.

How did the reverse stock split affect the FOA share counts in this Form 4?

The issuer executed a one-for-ten reverse stock split of its Class A Common Stock on July 25, 2024. Footnotes state that all share amounts and per-share purchase prices in the Form 4 already reflect this reverse split adjustment for accurate comparability.

Does the filing mention any unvested FOA shares related to the Replay Sponsor, LLC?

Yes. A footnote states that 425,850 unvested shares issued in the name of Replay Sponsor, LLC are excluded and are subject to vesting and forfeiture. These shares are held directly by the Sponsor and indirectly by Edmond Safra and Gregorio Werthein as managers.

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^*

SAFRA EDMOND

(Last) (First) (Middle)

767 FIFTH AVENUE, 46TH FLOOR

(Street)

NEW YORK NEW YORK 10153

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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(1)	03/13/2026		P		50,000	A	$16.4376	445,188	I	See footnote(2)
Class A Common Stock(1)	03/16/2026		P		75,000	A	$17.6685	520,188	I	See footnote(2)
Class A Common Stock								361,400(1)	I	See footnote(3)

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. On July 25, 2024, the Issuer effected a one-for-ten reverse stock split of its Class A Common Stock. The share amounts and per-share purchase prices reported herein reflect the reverse stock split.

2. The securities are held directly by EMS Opportunity Ltd. and indirectly by Mr. Safra as the sole shareholder of EMS Capital Holding Inc., which is the general partner of EMS Capital LP, the investment manager of EMS Opportunity Ltd. Mr. Safra disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

3. Excludes 425,850 unvested shares issued in the name of the Replay Sponsor, LLC (the "Sponsor") that are subject to vesting and forfeiture. The shares reported on this line are held directly by the Sponsor and indirectly by Mr. Safra and Gregorio Werthein as managers of the Sponsor. Each of Messrs. Safra and Werthein disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

	/s/ Grace Lee, as Attorney-in-Fact	06/26/2026
	** 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)