Libman group reports 50.8% stake in Finance of America

Rhea-AI Filing Summary

Brian Libman and Libman Family Holdings, LLC updated their ownership disclosure for Finance of America Companies Inc. They report beneficial ownership of 9,301,359 shares of Class A common stock, representing 50.81% of the class, based on 10,148,073 shares outstanding as of February 24, 2026.

The filing explains that this stake includes 6,955,056 FoA Units, 1,141,903 Class A shares, 879,190 Earnout Rights and New Exchangeable Notes exchangeable for 1,204,400 Class A shares. A separate line item shows Libman Family Holdings with 9,246,412 shares, or 50.51% of the class.

The amendment also notes that affiliates of Blackstone Inc. disposed of the remainder of their Class A holdings on February 27, 2026, so the reporting persons are no longer deemed part of a group with Blackstone for Schedule 13D purposes.

Insights

Equity ownership and governance analyst

Libman group confirms majority control and exits Blackstone grouping.

The amendment shows Brian Libman and affiliated entities beneficially owning 9,301,359 Class A shares of Finance of America, or 50.81% based on 10,148,073 shares outstanding as of February 24, 2026. This indicates continued majority control of the public float.

The filing details the mix of Class A shares, FoA Units, Earnout Rights and New Exchangeable Notes that together make up this position. It also records that Blackstone affiliates disposed of their remaining Class A shares on February 27, 2026, so Libman and his entities are no longer treated as part of a group with Blackstone for reporting under Section 13(d).

This change mainly affects how ownership is reported and attributed. Future ownership disclosures for FOA will reflect the Libman group on a standalone basis, while Blackstone will no longer appear as a coordinating holder in this Schedule 13D framework.

FAQ

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

How much of Finance of America Companies Inc. (FOA) does Brian Libman beneficially own?

The reporting persons led by Brian Libman beneficially own 9,301,359 shares of Class A common stock, representing 50.81% of the class. This percentage is calculated using 10,148,073 shares outstanding as of February 24, 2026, as disclosed in the company’s prospectus.

What stake in FOA does Libman Family Holdings, LLC report in this Schedule 13D/A?

Libman Family Holdings, LLC reports beneficial ownership of 9,246,412 Class A shares, equal to 50.51% of the class. These figures are based on 10,148,073 Class A shares outstanding as of February 24, 2026, and reflect its sole voting and dispositive power.

How is the Libman group’s FOA ownership position structured across different securities?

The Libman reporting group holds a mix of 6,955,056 FoA Units, 1,141,903 Class A shares, 879,190 Earnout Rights, and New Exchangeable Notes exchangeable for 1,204,400 Class A shares. These instruments together form their aggregate beneficial ownership in Finance of America Companies Inc.

What change regarding Blackstone is disclosed in FOA’s Schedule 13D/A Amendment No. 10?

The amendment states that on February 27, 2026, affiliates of Blackstone Inc. disposed of the remainder of their Class A common stock. After this disposition, the Libman reporting persons are no longer deemed members of a group with Blackstone for Schedule 13D reporting purposes.

What share count did FOA use to calculate the Libman group’s ownership percentages?

Ownership percentages are calculated using 10,148,073 shares of Class A common stock outstanding as of February 24, 2026. This share count comes from a prospectus filed by Finance of America Companies Inc. with the SEC on February 26, 2026, as referenced in the amendment.

Are any of Brian Libman’s restricted stock units in FOA included in the reported ownership?

The filing specifies that 4,570 restricted stock units granted to Brian Libman are not included in the reported beneficial ownership. These RSUs are scheduled to vest on the earlier of May 19, 2026, or the next annual stockholders’ meeting, and settle in stock or cash.

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

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Accepted by SEC EDGAR 03/03/2026 - 09:40 PM EST Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 10)

FINANCE OF AMERICA COMPANIES INC.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

Lauren Richmond
Finance of America Companies Inc., 5830 Granite Parkway, Suite 400
Plano, TX, 75024
(877) 202-2666

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

02/27/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Brian L. Libman

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 9,301,359.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 9,301,359.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

9,301,359.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

50.81 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Libman Family Holdings, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CONNECTICUT

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 9,246,412.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 9,246,412.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

9,246,412.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

50.51 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock, par value $0.0001 per share
(b)	Name of Issuer: FINANCE OF AMERICA COMPANIES INC.
(c)	Address of Issuer's Principal Executive Offices: 5830 Granite Parkway, Suite 400, Plano, TEXAS , 75024.
Item 1 Comment: This Amendment No. 10 ("Amendment No. 10") to Schedule 13D relates to the Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), of Finance of America Companies Inc., a Delaware corporation (the "Issuer"), and amends and supplements the initial statement on Schedule 13D filed on August 26, 2021, as amended by the Amendment No. 1 to the Schedule 13D filed on October 1, 2021, as amended by Amendment No. 2 to the Schedule 13D filed on April 5, 2022, as amended by Amendment No. 3 to the Schedule 13D filed on August 10, 2022, as amended by Amendment No. 4 to the Schedule 13D filed on December 7, 2022, as amended by Amendment No. 5 to the Schedule 13D filed on January 4, 2023, as amended by Amendment No. 6 to the Schedule 13D filed on April 4, 2023, as amended by Amendment No. 7 to the Schedule 13D filed on April 3, 2024, as amended by Amendment No. 8 to the Schedule 13D filed on July 26, 2024, and as amended by Amendment No. 9 to the Schedule 13D filed on November 4, 2024 (as so amended, the "Schedule 13D"). Except as specifically amended by this Amendment No. 10, the Schedule 13D remains in full force and effect. Capitalized terms used but not defined in this Amendment No. 10 shall have the same meanings ascribed to them in the Schedule 13D.
Item 5.	Interest in Securities of the Issuer
(a)	Items 5(a)-(b) of the Schedule 13D are hereby amended and restated as follows: Calculations of the percentage of the shares of Class A Common Stock beneficially owned are based on 10,148,073 shares of Class A Common Stock outstanding as of February 24, 2026, as set forth in the prospectus filed by the Issuer with the Securities and Exchange Commission on February 26, 2026, and takes into account any shares of Class A Common Stock underlying FoA Units and New Exchangeable Notes held by each of the Reporting Persons, as applicable. The Reporting Persons own an aggregate of 6,955,056 FoA Units, 1,141,903 shares of Class A Common Stock, 879,190 Earnout Rights, and New Exchangeable Notes exchangeable for 1,204,400 shares of Class A Common Stock, which includes (i) 54,947 shares of Class A Common Stock held by Mr. Libman or by entities for which Mr. Libman is a trustee; (ii) 1,086,956 shares of Class A Common Stock, 6,955,056 FoA Units, New Exchangeable Notes exchangeable for 1,204,400 shares of Class A Common Stock and 856,420 Earnout Rights held by LFH; and (iii) 22,770 Earnout Rights held by TMO. The Reporting Persons beneficially own 50.81% of the outstanding Class A Common Stock in the aggregate, as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Not included in this Schedule 13D are 4,570 restricted stock units granted to Mr. Libman which are scheduled to vest on the earlier of (i) May 19, 2026 or (ii) the next regularly scheduled annual stockholders' meeting of the Issuer, and upon vesting, will be settled into one share of Class A Common Stock or cash (or a combination thereof) at the discretion of the Issuer's compensation committee. The aggregate number and percentage of the Class A Common Stock beneficially owned by each Reporting Person and, for each Reporting Person, the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D and are incorporated herein by reference. Pursuant to the limited liability company agreements of LFH and TMO, each of LFH and TMO is managed by a board of managers consisting of Brian Libman as the sole manager. Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission that any Reporting Person is the beneficial owner of the Class A Common Stock referred to herein for purposes of Section 13(d) of the Exchange Act, or for any other purpose and each of the Reporting Persons expressly disclaims beneficial ownership of such shares of Class A Common Stock. On February 27, 2026, affiliates of Blackstone Inc. ("Blackstone") disposed of the remainder of the Class A Common Stock they beneficially owned. After giving effect to such disposition, the Reporting Persons are no longer deemed to be members of a group with Blackstone. The assumed number of outstanding shares of Class A Common Stock used to calculate percentages in this Schedule 13D does not take into account the aforementioned disposition by Blackstone,
(b)	See Item 5(a) above.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 of the Schedule 13D is hereby amended and supplemented as follows: The information in Item 5 of this Schedule 13D is incorporated herein by reference.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Brian L. Libman

Signature:	/s/ Brian L. Libman
Name/Title:	Brian L. Libman
Date:	03/03/2026

Libman Family Holdings, LLC

Signature:	/s/ Brian L. Libman
Name/Title:	Brian L. Libman, Manager
Date:	03/03/2026