FOA director Brian Libman gains shares via RSUs

Finance of America Companies Inc. director and ten-percent owner Brian L. Libman reported routine equity compensation activity.

Rhea-AI Filing Summary

Finance of America Companies Inc. director and ten-percent owner Brian L. Libman reported routine equity compensation activity. On May 15, 2026, 4,570 restricted stock units vested and were exercised into Class A Common Stock, bringing his direct holdings to 35,344 shares. On May 18, 2026, he received a new grant of 5,094 RSUs, each convertible one-for-one into common shares. Footnotes show additional indirect holdings of 1,086,956 shares through an entity where he serves as trustee and 24,173 shares through Libman Family Holdings, LLC, for which he is the sole manager.

Insider Trade Summary

4,570 shares exercised/converted

Exercise 5 txns

Insider LIBMAN BRIAN L

Role Director, 10% Owner

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	5,094	$0.00	$0.00
Exercise	Restricted Stock Units	4,570	$0.00	$0.00
Exercise	Class A Common Stock	4,570	$0.00	$0.00
holding	Class A Common Stock	--	--	--
holding	Class A Common Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 5,094 contracts (Direct); Class A Common Stock — 35,344 shares (Direct); Class A Common Stock — 1,111,129 shares (Indirect, See Footnote)

Footnotes (6)

1. F1. Reflects restricted stock units ("RSUs") that, upon vesting, converted into shares of Class A Common Stock of the Issuer ("Common Stock") on a one-for-one basis.
2. F2. Reflects securities held by an entity for which Brian L. Libman serves as a trustee.
3. F3. Reflects securities held directly by Libman Family Holdings, LLC. The sole manager of Libman Family Holdings, LLC is Brian L. Libman.
4. F4. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.
5. F5. Reflects RSUs that vested on May 15, 2026, the date of the Issuer's annual stockholders' meeting following the date of grant.
6. F6. These RSUs shall vest on the earlier of (i) May 18, 2027 or (ii) the regularly scheduled annual stockholders' meeting of the Issuer following the grant date.

Key Figures

RSUs vested and exercised: 4,570 shares New RSU grant: 5,094 RSUs Direct common stock holdings: 35,344 shares +3 more

6 metrics

RSUs vested and exercised 4,570 shares Restricted Stock Units converting to Class A Common Stock on May 15, 2026

New RSU grant 5,094 RSUs Grant of restricted stock units on May 18, 2026

Direct common stock holdings 35,344 shares Class A Common Stock held directly after RSU exercise

Indirect holdings via trustee entity 1,086,956 shares Class A Common Stock held by an entity where Libman is trustee

Indirect holdings via LLC 24,173 shares Class A Common Stock held by Libman Family Holdings, LLC

Exercise price of RSUs $0.00 per share RSU conversion into Class A Common Stock

Key Terms

Restricted Stock Units, derivative security, indirect ownership, contingent right, +1 more

5 terms

Restricted Stock Units financial

"Reflects restricted stock units ("RSUs") that, upon vesting, converted into shares of Class A Common Stock of the Issuer"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

indirect ownership financial

"direct_or_indirect: I, nature_of_ownership: See Footnote, reflecting securities held by related entities"

contingent right financial

"Each RSU represents a contingent right to receive one share of Common Stock"

vest financial

"Reflects RSUs that vested on May 15, 2026, the date of the Issuer's annual stockholders' meeting"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did Brian Libman report for FOA on this Form 4?

Brian Libman reported vesting and exercise of 4,570 restricted stock units into Class A Common Stock and a new grant of 5,094 RSUs. These transactions reflect equity compensation rather than open-market buying or selling of Finance of America Companies Inc. shares.

How many FOA shares does Brian Libman hold directly after these transactions?

After the RSU vesting and conversion, Brian Libman directly holds 35,344 shares of Finance of America Companies Inc. Class A Common Stock. This reflects the addition of 4,570 shares from exercised RSUs, with no reported open-market stock sales or purchases in this filing.

What new restricted stock units did Brian Libman receive from FOA?

Brian Libman received a grant of 5,094 restricted stock units, each representing a contingent right to one share of Class A Common Stock. These RSUs will settle in stock, cash, or a combination, at the discretion of the issuer’s compensation committee when vesting conditions are met.

What indirect FOA shareholdings are associated with Brian Libman?

The filing shows 1,086,956 Class A shares held by an entity for which Brian Libman serves as trustee and 24,173 shares held by Libman Family Holdings, LLC. He is the sole manager of that LLC, so these positions are reported as indirect holdings linked to him.

Were any FOA shares sold by Brian Libman in this Form 4 filing?

The Form 4 does not report any open-market sales of Finance of America Companies Inc. shares by Brian Libman. It shows RSU vesting into 4,570 shares and a new RSU grant, both categorized as acquisitions rather than sales or dispositions.

How do the RSUs reported for FOA convert into common stock?

Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of Finance of America Companies Inc. Upon vesting, RSUs may be settled in stock, cash, or a mix, at the discretion of the company’s compensation committee.

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

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Accepted by SEC EDGAR 05/19/2026 - 04:21 PM EDT Learn about SEC filing dates

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
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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^*

LIBMAN BRIAN L

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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	05/15/2026		M		4,570	A	(1)	35,344	D
Class A Common Stock								24,173	I	See Footnote(2)
Class A Common Stock								1,086,956	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
Restricted Stock Units	(4)	05/15/2026		M			4,570	(5)	(5)	Class A Common Stock	4,570	$0	0	D
Restricted Stock Units	(4)	05/18/2026		A		5,094		(6)	(6)	Class A Common Stock	5,094	$0	5,094	D

Explanation of Responses:

1. Reflects restricted stock units ("RSUs") that, upon vesting, converted into shares of Class A Common Stock of the Issuer ("Common Stock") on a one-for-one basis.

2. Reflects securities held by an entity for which Brian L. Libman serves as a trustee.

3. Reflects securities held directly by Libman Family Holdings, LLC. The sole manager of Libman Family Holdings, LLC is Brian L. Libman.

4. Each RSU represents a contingent right to receive one share of Common Stock. The RSUs will be settled in either Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee.

5. Reflects RSUs that vested on May 15, 2026, the date of the Issuer's annual stockholders' meeting following the date of grant.

6. These RSUs shall vest on the earlier of (i) May 18, 2027 or (ii) the regularly scheduled annual stockholders' meeting of the Issuer following the grant date.

Remarks:

Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended, the Reporting Person states that this filing shall not be an admission that the Reporting Person is the beneficial owner of any of the securities reported herein as indirectly owned, and the Reporting Person disclaims beneficial ownership of such securities except to the extent of the Reporting Person's pecuniary interest therein.

	/s/ Tracy Lowe, as power of attorney for Brian L. Libman	05/19/2026
	** 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)