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FOA Form 4: 400,000 Class B Units granted to President

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Finance of America Companies Inc. (FOA) reported an insider equity award. President Kristen N. Sieffert acquired 400,000 Class B Units of Finance of America Equity Capital LLC on 11/12/2025.

The derivative award carries a $0 exercise price and an expiration date of 11/12/2030. The units vest only upon the consummation of a Change in Control, subject to continued employment. Upon vesting, each Class B Unit converts into Class A Units with value equal to any spread above $23.01 per share and may be settled in cash, Class A Units, or a combination at the Board’s discretion. After conversion, each Class A Unit is exchangeable on the vesting date into one share of Class A Common Stock at the reporting person’s election.

Positive

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Negative

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Insights

Contingent award of 400,000 units; vests only on change in control.

The filing details a grant of 400,000 Class B Units at $0 exercise price, expiring 11/12/2030. These units vest upon a consummated Change in Control and require continued employment. This structure functions like a profits interest with a threshold.

Upon vesting, value is based on the spread over $23.01 per share. The Board may settle that spread in cash, Class A Units, or both. After conversion to Class A Units, each is exchangeable into one share of Class A Common Stock on the vesting date.

Market impact is contingent on a qualifying transaction and future Board settlement choices. Actual dilution or cash outlay depends on those events, which are not specified in the excerpt.

Insider Sieffert Kristen N
Role President
Type Security Shares Price Value
Grant/Award Class B Units of Finance of America Equity Capital LLC 400,000 $0.00 $0.00
Holdings After Transaction: Class B Units of Finance of America Equity Capital LLC — 400,000 shares (Direct)
Footnotes (1)
  1. F1. These Class B Units of Finance of America Equity Capital LLC ("FOAEC") will vest upon the occurrence of the consummation of a Change in Control (as defined in the Issuer's 2021 Omnibus Incentive Plan), subject to the Reporting Person's continued employment. Upon vesting, each Class B Unit will automatically convert into a number of Class A Units of FOAEC having a fair market value equal to the Spread Value (if any) of each Class B Unit; provided that the Issuer's Board of Directors may elect, in its discretion, to settle such Spread Value in cash, in Class A Units or any combination thereof. The "Spread Value" is equal to the excess (if any) of the fair market value of the Issuer's Class A Common Stock ("Common Stock") as of the vesting date over $23.01. Upon vesting and converting into Class A Units of FOAEC, each such Class A Unit will be exchangeable for a share of Common Stock on a one-for-one basis on the vesting date, at the election of the Reporting Person.

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FAQ

What did FOA disclose in this Form 4?
An award to the President, Kristen N. Sieffert, of 400,000 Class B Units of Finance of America Equity Capital LLC on 11/12/2025.

What are the vesting conditions for the 400,000 Class B Units at FOA?
They vest upon the consummation of a Change in Control, subject to continued employment.

What is the exercise price and expiration for the FOA units?
The exercise price is $0, and the expiration date is 11/12/2030.

How is value determined upon vesting of FOA’s Class B Units?
Value equals the spread over $23.01 per share; the Board may settle in cash, Class A Units, or both.

What equity can the FOA units convert into after vesting?
After conversion to Class A Units, each is exchangeable into one share of Class A Common Stock on the vesting date.

Who receives this FOA award and what is her role?
The award is to Kristen N. Sieffert, who serves as President.
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*
Sieffert Kristen N
(Last) (First) (Middle)
C/O FINANCE OF AMERICA COMPANIES INC.,
5830 GRANITE PARKWAY, SUITE 400
(Street)
PLANO TX 75024
(City) (State) (Zip)
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)
President
3. Date of Earliest Transaction (Month/Day/Year)
11/12/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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
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
Class B Units of Finance of America Equity Capital LLC (1) 11/12/2025 A 400,000 (1) 11/12/2030 Class A Common Stock (1) $0 400,000 D
Explanation of Responses:
1. These Class B Units of Finance of America Equity Capital LLC ("FOAEC") will vest upon the occurrence of the consummation of a Change in Control (as defined in the Issuer's 2021 Omnibus Incentive Plan), subject to the Reporting Person's continued employment. Upon vesting, each Class B Unit will automatically convert into a number of Class A Units of FOAEC having a fair market value equal to the Spread Value (if any) of each Class B Unit; provided that the Issuer's Board of Directors may elect, in its discretion, to settle such Spread Value in cash, in Class A Units or any combination thereof. The "Spread Value" is equal to the excess (if any) of the fair market value of the Issuer's Class A Common Stock ("Common Stock") as of the vesting date over $23.01. Upon vesting and converting into Class A Units of FOAEC, each such Class A Unit will be exchangeable for a share of Common Stock on a one-for-one basis on the vesting date, at the election of the Reporting Person.
Remarks:
/s/ Tracy Lowe, as power of attorney for Kristen N. Sieffert 11/14/2025
** 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.

Source: View Original Filing on SEC EDGAR