[SCHEDULE 13D/A] Finance of America Companies Inc. SEC Filing

Rhea-AI Filing Summary

Finance of America Companies Inc. (FOA)8,029,817 shares of Class A common stock, representing 63.1% of the class, with part of this stake issuable upon conversion of FoA Units. Together with Brian Libman and his affiliates, the group may be deemed to beneficially own 17,331,176 shares, or 83.0% of the outstanding Class A stock. The amended and restated repurchase agreement provides for FOA to repurchase the “Sold Equity” in two closings at $10.00 per share, with a 15.00% per annum price increase for later closing amounts and a $10,037,271.20 premium if the first closing does not occur by December 4, 2025, and sets an outside date of February 27, 2026 for the second closing, subject to customary conditions and termination rights.

Insights

Equity ownership & transactions analyst

Blackstone reports majority FOA stake and a structured two-step share repurchase at $10 plus time-based price escalators.

Blackstone-affiliated entities disclose beneficial ownership of 8,029,817 FOA Class A shares, or 63.1% of the class, calculated including shares issuable upon conversion of FoA Units as of November 7, 2025. Together with Brian Libman and affiliates, they may be deemed to hold 17,331,176 shares, or 83.0% of the outstanding Class A stock under Rule 13d-3. This filing updates the ownership structure and reiterates that each reporting person disclaims beneficial ownership for certain purposes.

The amended and restated repurchase agreement between FOA, FOA Equity and Blackstone repurchase investors splits the repurchase of Sold Equity into a First Closing and Second Closing. FOA will pay $10.00 per Class A share or Class A LLC Unit, with the price on Second Closing Sold Equity (and potentially all Sold Equity if the first closing is delayed) increasing at a fixed 15.00% per annum rate accruing monthly. If the First Closing does not occur by the December 4, 2025 Initial Outside Date, a premium of $10,037,271.20 becomes immediately due at the first repurchase.

The Second Closing must occur no later than February 27, 2026, and both closings are subject to customary conditions, including a customary opinion for the First Closing. The agreement removes a prior condition that had limited the timing of the repurchase and introduces termination rights for both FOA and the Blackstone repurchase investors if closings are not completed by the stated dates. Actual outcomes will depend on whether the specified conditions are satisfied and whether any termination or third-party transfers of Sold Equity occur under the agreement’s terms.

11/17/2025 - 06:31 PM

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 9)

FINANCE OF AMERICA COMPANIES INC.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

31738L206

(CUSIP Number)

John G. Finley
345 Park Avenue,
New York, NY, 10154
(212) 583-5000

Lauren M. Colasacco, P.C.
601 Lexington Avenue,
New York, NY, 10022
(212) 390-4583

Joshua N. Korff, P.C.
601 Lexington Avenue,
New York, NY, 10022
(212) 446-4943

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

11/13/2025

(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 No. 31738L206

1

Name of reporting person

BTO Urban Holdings L.L.C.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the Securities and Exchange Commission ("SEC") on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Tactical Opportunities Fund - NQ L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Tactical Opportunities Fund II - NQ L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Tactical Opportunities Fund - A (RA) - NQ L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Tactical Opportunities Fund - I - NQ L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Tactical Opportunities Fund - S - NQ L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Tactical Opportunities Fund - C - NQ L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Tactical Opportunities Fund - L - NQ L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Tactical Opportunities Fund - O - NQ L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Tactical Opportunities Fund - N - NQ L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Tactical Opportunities Fund - U - NQ L.L.C.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Tactical Opportunities Fund II - C - NQ L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Tactical Opportunities Fund - T - NQ L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

BTAS NQ Holdings L.L.C.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Family Tactical Opportunities Investment Partnership SMD L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

BTAS Associates - NQ L.L.C.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Family GP L.L.C.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,581,632.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,581,632.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,581,632.00

12

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

13

Percent of class represented by amount in Row (11)

43.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 5,581,632 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

BTO Urban Holdings II L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,416,252.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,416,252.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,416,252.00

12

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

13

Percent of class represented by amount in Row (11)

30.6 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Tactical Opportunities Associates - NQ L.L.C.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 7,997,884.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 7,997,884.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

7,997,884.00

12

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

13

Percent of class represented by amount in Row (11)

63.0 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 7,997,884 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

BTOA - NQ L.L.C.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 7,997,884.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 7,997,884.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

7,997,884.00

12

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

13

Percent of class represented by amount in Row (11)

63.0 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 7,997,884 shares of Class A Common Stock, of which 4,809,922 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,809,922 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Family Tactical Opportunities Investment Partnership - NQ - ESC L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 31,933.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 31,933.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

31,933.00

12

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

13

Percent of class represented by amount in Row (11)

0.4 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

The reported securities represent 31,933 shares of Class A Common Stock, of which 27,611 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 27,611 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

BTO-NQ Side-by-Side GP L.L.C.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 31,933.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 31,933.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

31,933.00

12

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

13

Percent of class represented by amount in Row (11)

0.4 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 31,933 shares of Class A Common Stock, of which 27,611 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 27,611 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Holdings II L.P.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 8,029,817.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 8,029,817.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

8,029,817.00

12

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

13

Percent of class represented by amount in Row (11)

63.1 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

The reported securities represent 8,029,817 shares of Class A Common Stock, of which 4,837,533 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,837,533 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Holdings I/II GP L.L.C.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 8,029,817.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 8,029,817.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

8,029,817.00

12

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

13

Percent of class represented by amount in Row (11)

63.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 8,029,817 shares of Class A Common Stock, of which 4,837,533 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,837,533 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Inc.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 8,029,817.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 8,029,817.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

8,029,817.00

12

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

13

Percent of class represented by amount in Row (11)

63.1 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

The reported securities represent 8,029,817 shares of Class A Common Stock, of which 4,837,533 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,837,533 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Blackstone Group Management L.L.C.

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

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 8,029,817.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 8,029,817.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

8,029,817.00

12

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

13

Percent of class represented by amount in Row (11)

63.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 8,029,817 shares of Class A Common Stock, of which 4,837,533 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,837,533 shares of Class A Common Stock receivable upon conversion of FoA Units.

SCHEDULE 13D

CUSIP No. 31738L206

1

Name of reporting person

Stephen A. Schwarzman

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 8,029,817.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 8,029,817.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

8,029,817.00

12

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

13

Percent of class represented by amount in Row (11)

63.1 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

The reported securities represent 8,029,817 shares of Class A Common Stock, of which 4,837,533 would be received upon conversion of FoA Units. The reported percentage is calculated based upon 7,891,348 shares of Class A Common Stock outstanding as of November 7, 2025, as reported on the Issuer's 10-Q filed with the SEC on November 13, 2025, as increased by 4,837,533 shares of Class A Common Stock receivable upon conversion of FoA Units.

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. 9 ("Amendment No. 9") 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 April 4, 2023 as amended by Amendment No. 6 to the Schedule 13D, filed on April 3, 2024, as amended by Amendment No. 7 to the Schedule 13D, filed on July 26, 2024, and as amended by Amendment No. 8 to the Schedule 13D, filed on August 5, 2025 (as so amended, the "Schedule 13D"). Except as specifically amended by this Amendment No. 9, the Schedule 13D remains in full force and effect. Capitalized terms used but not defined in this Amendment No. 9 shall have the same meanings ascribed to them in the Schedule 13D as amended from time to time.
Item 2.	Identity and Background
(a)	The Schedule I referenced in Item 2 of the Schedule 13D is hereby amended and restated in its entirety and attached hereto as Exhibit N.
Item 4.	Purpose of Transaction
	Item 4(a) of the Schedule 13D is hereby amended and restated to incorporate the following at the end thereof: On November 13, 2025, that certain repurchase agreement dated as of August 4, 2025, by and among the Issuer, FOA Equity and the Blackstone Repurchase Investors (the "Repurchase Agreement") was amended and restated by the parties thereto (the "Amended and Restated Repurchase Agreement"). Pursuant to the Amended and Restated Repurchase Agreement, the consummation of the Repurchase is expected to occur across two closings, referred to as the "First Closing" and the "Second Closing" (each, a "Closing"). At the First Closing, the Issuer will repurchase at least 50% of the Sold Equity (the "First Closing Sold Equity") on the earlier of (i) December 4, 2025 (the "Initial Outside Date") and (ii) the third business day following the satisfaction or waiver of conditions precedent set forth in the Amended and Restated Repurchase Agreement. At the Second Closing, the Issuer will repurchase the remaining Sold Equity not repurchased at the First Closing (the "Second Closing Sold Equity") no later than February 27, 2026. Each share of Class A Common Stock and each Class A LLC Unit will be purchased for $10.00 per share or Class A LLC Unit, and the shares of Class B Common Stock and Earnout Rights will be purchased for no consideration, as was contemplated in the Repurchase Agreement. However, such price for the Class A Common Stock and the Class A LLC Units will, for the Second Closing Sold Equity (and if the First Closing has not occurred on or prior to the Initial Outside Date, for all Sold Equity) increase by a fixed per annum rate equal to 15.00% accruing monthly. Further, if the First Closing does not occur on or prior to the Initial Outside Date, the purchase price will automatically increase by a premium of $10,037,271.20, which amount will be immediately due and payable upon the First Closing (or at the first time any Sold Equity is repurchased under the Amended and Restated Repurchase Agreement). Each Closing is subject to customary conditions and the First Closing is subject to the receipt of a customary opinion. The Closings are no longer subject to the condition set forth in the Repurchase Agreement that, without the Issuer's prior written consent, the Repurchase may not occur prior to the date that is 105 days after the entry into the Repurchase Agreement. Like the Repurchase Agreement, the Amended and Restated Repurchase Agreement includes certain interim operating covenants during the pendency of the Amended and Restated Repurchase Agreement. The Amended and Restated Repurchase Agreement also contains certain termination rights for the Issuer and the Blackstone Repurchase Investors, including the right of the Blackstone Repurchase Investors to terminate the Amended and Restated Repurchase Agreement if the First Closing has not occurred on or prior to the Initial Outside Date or if the Second Closing has not occurred on or prior to February 27, 2026. In addition, if the First Closing has not occurred on or prior to the Initial Outside Date or if the Second Closing has not occurred on or prior to February 27, 2026, the Blackstone Repurchase Investors will have the right to transfer its Sold Equity to unaffiliated third parties, and any Sold Equity so transferred will reduce the amount repurchased by the Issuer under the Amended and Restated Repurchase Agreement. The foregoing is a summary of the material terms of, and is qualified by, the Amended and Restated Repurchase Agreement, which is attached hereto as Exhibit L and incorporated herein by reference.
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) of the Schedule 13D is hereby amended and restated in its entirety as follows: The information set forth in rows (11) and (13) of the cover pages of this Schedule 13D is incorporated by reference into this Item 5. In addition to the reported securities, BTO Urban Holdings L.L.C. holds 594,246 Earnout Rights, Blackstone Family Tactical Opportunities Investment Partnership - NQ - ESC L.P. holds 3,410 Earnout Rights, BTO Urban Holdings II L.P. holds 223,804 Earnout Rights and Blackstone Tactical Opportunities Associates - NQ L.L.C. holds 36,300 Earnout Rights. BTO Urban Holdings L.L.C. is owned by the Blackstone Tactical Opportunities Funds, BTAS NQ Holdings L.L.C. and Blackstone Family Tactical Opportunities Investment Partnership SMD L.P. Blackstone Tactical Opportunities Associates - NQ L.L.C. is the general partner of each of the Blackstone Tactical Opportunities Funds and BTO Urban Holdings II L.P. The sole member of Blackstone Tactical Opportunities Associates - NQ L.L.C. is BTOA - NQ L.L.C. The managing member of BTOA - NQ L.L.C. is Blackstone Holdings II L.P. The managing member of BTAS NQ Holdings L.L.C. is BTAS Associates - NQ L.L.C. The managing member of BTAS Associates - NQ L.L.C. is Blackstone Holdings II L.P. The general partner of Blackstone Family Tactical Opportunities Investment Partnership SMD L.P. is Blackstone Family GP L.L.C. Blackstone Family GP L.L.C. is wholly owned by Blackstone's senior managing directors and controlled by its founder, Mr. Schwarzman. The general partner of Blackstone Family Tactical Opportunities Investment Partnership - NQ - ESC L.P. is BTO-NQ Side-by-Side GP L.L.C. The sole member of BTO-NQ Side-by-Side GP L.L.C. is Blackstone Holdings II L.P. The general partner of Blackstone Holdings II L.P. is Blackstone Holdings I/II GP L.L.C. Blackstone Inc. is the sole member of Blackstone Holdings I/II GP L.L.C. The sole holder of the Series II preferred stock of Blackstone Inc. is Blackstone Group Management L.L.C. Blackstone Group Management L.L.C. is wholly owned by Blackstone's senior managing directors and controlled by its founder, Stephen A. Schwarzman. 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. The Reporting Persons and Brian Libman and his affiliates may be deemed to be members of a group for purposes of Section 13(d) of the Exchange Act. Mr. Libman and his affiliates file a separate Schedule 13D and amendments thereto to report the Class A Common Stock that they may be deemed to beneficially own. Collectively, the Reporting Persons and Mr. Libman and his affiliates may be deemed to beneficially own in the aggregate, 17,331,176 shares of Class A Common Stock, representing 83.0% of the outstanding Class A Common Stock, calculated pursuant to Rule 13d-3 of the Exchange Act.
(b)	Item 5(b) of the Schedule 13D is hereby amended and restated in its entirety as follows: The information set forth in rows (7) through (10) of the cover pages of this Schedule 13D is incorporated by reference into this Item 5(b).
(c)	Item 5(c) of the Schedule 13D is hereby amended and restated in its entirety as follows: None of the Reporting Persons, to the best knowledge of the Reporting Persons, has effected any transactions in Class A Common Stock in the past 60 days.
(d)	Not Applicable.
(e)	Not Applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	The information set forth in Item 4 of this Amendment No. 9 is hereby incorporated by reference into this Item 6.
Item 7.	Material to be Filed as Exhibits.
	Item 7 of the Schedule 13D is hereby amended to add the following at the end thereof: Exhibit L Amended and Restated Repurchase Agreement, dated November 13, 2025, by and among Finance of America Companies Inc., Finance of America Equity Capital LLC, Blackstone Tactical Opportunities Associates - NQ L.L.C., BTO Urban Holdings L.L.C., Blackstone Family Tactical Opportunities Investment Partnership - NQ ESC L.P., and BTO Urban Holdings II L.P. (incorporated by reference to Exhibit 10.1 to the Form 10-Q filed by with the SEC on November 13, 2025). Exhibit M Signature Page, dated November 17, 2025. Exhibit N Schedule of the Executive Officers and Directors of Blackstone Inc.

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.

BTO Urban Holdings L.L.C.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory
Date:	11/17/2025

Blackstone Tactical Opportunities Fund - NQ L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	11/17/2025

Blackstone Tactical Opportunities Fund II - NQ L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	11/17/2025

Blackstone Tactical Opportunities Fund - A (RA) - NQ L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	11/17/2025

Blackstone Tactical Opportunities Fund - I - NQ L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	11/17/2025

Blackstone Tactical Opportunities Fund - S - NQ L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	11/17/2025

Blackstone Tactical Opportunities Fund - C - NQ L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	11/17/2025

Blackstone Tactical Opportunities Fund - L - NQ L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	11/17/2025

Blackstone Tactical Opportunities Fund - O - NQ L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	11/17/2025

Blackstone Tactical Opportunities Fund - N - NQ L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	11/17/2025

Blackstone Tactical Opportunities Fund - U - NQ L.L.C.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	11/17/2025

Blackstone Tactical Opportunities Fund II - C - NQ L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	11/17/2025

Blackstone Tactical Opportunities Fund - T - NQ L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	11/17/2025

BTAS NQ Holdings L.L.C.

Signature:	/s/ Anna Guerin
Name/Title:	Anna Guerin / Authorized Signatory, See Exhibit M
Date:	11/17/2025

Blackstone Family Tactical Opportunities Investment Partnership SMD L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	11/17/2025

BTAS Associates - NQ L.L.C.

Signature:	/s/ Anna Guerin
Name/Title:	Anna Guerin / Authorized Signatory, See Exhibit M
Date:	11/17/2025

Blackstone Family GP L.L.C.

Signature:	/s/ Victoria Portnoy
Name/Title:	Victoria Portnoy / Managing Director - Assistant Secretary
Date:	11/17/2025

BTO Urban Holdings II L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	11/17/2025

Blackstone Tactical Opportunities Associates - NQ L.L.C.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	11/17/2025

BTOA - NQ L.L.C.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory
Date:	11/17/2025

Blackstone Family Tactical Opportunities Investment Partnership - NQ - ESC L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	11/17/2025

BTO-NQ Side-by-Side GP L.L.C.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory
Date:	11/17/2025

Blackstone Holdings II L.P.

Signature:	/s/ Victoria Portnoy
Name/Title:	Victoria Portnoy / Managing Director - Assistant Secretary, See Exhibit M
Date:	11/17/2025

Blackstone Holdings I/II GP L.L.C.

Signature:	/s/ Victoria Portnoy
Name/Title:	Victoria Portnoy / Managing Director - Assistant Secretary
Date:	11/17/2025

Blackstone Inc.

Signature:	/s/ Victoria Portnoy
Name/Title:	Victoria Portnoy / Managing Director - Assistant Secretary
Date:	11/17/2025

Blackstone Group Management L.L.C.

Signature:	/s/ Victoria Portnoy
Name/Title:	Victoria Portnoy / Managing Director - Assistant Secretary
Date:	11/17/2025

Stephen A. Schwarzman

Signature:	/s/ Stephen A. Schwarzman
Name/Title:	Stephen A. Schwarzman
Date:	11/17/2025

FAQ

What ownership stake in FOA does Blackstone report in this Schedule 13D/A Amendment No. 9?

Blackstone-related entities and Stephen A. Schwarzman report beneficial ownership of 8,029,817 shares of Finance of America Companies Inc. Class A common stock, representing 63.1% of the class, based on the company’s outstanding shares as of November 7, 2025, including shares issuable upon conversion of FoA Units.

How much FOA stock may Blackstone and Brian Libman be deemed to own in aggregate?

The filing states that the Reporting Persons together with Brian Libman and his affiliates may be deemed to beneficially own an aggregate of 17,331,176 shares of FOA Class A common stock, which represents 83.0% of the outstanding Class A shares, calculated under Rule 13d-3 of the Exchange Act.

What are the key economic terms of FOA’s amended and restated repurchase agreement with Blackstone?

The amended and restated repurchase agreement provides that FOA will repurchase the Sold Equity at $10.00 per share of Class A common stock or Class A LLC Unit. Shares of Class B common stock and Earnout Rights will be purchased for no consideration. For Second Closing Sold Equity, and for all Sold Equity if the first closing is delayed past the Initial Outside Date, the per-share price increases at a fixed 15.00% per annum rate accruing monthly.

What dates govern the First and Second Closings under FOA’s repurchase agreement?

The First Closing is scheduled to occur on the earlier of December 4, 2025 (the Initial Outside Date) and the third business day following satisfaction or waiver of specified conditions. The Second Closing for the remaining Sold Equity must occur no later than February 27, 2026, subject to the conditions and termination rights set out in the agreement.

What premium applies if FOA’s First Closing does not occur by the Initial Outside Date?

If the First Closing does not occur on or before the December 4, 2025 Initial Outside Date, the purchase price will automatically increase by a premium of $10,037,271.20. This amount becomes immediately due and payable upon the First Closing or at the first time any Sold Equity is repurchased under the amended and restated repurchase agreement.

Can Blackstone transfer FOA shares if the repurchase closings are delayed?

Yes. The filing explains that if the First Closing has not occurred on or before the Initial Outside Date, or if the Second Closing has not occurred on or before February 27, 2026, the Blackstone repurchase investors will have the right to transfer their Sold Equity to unaffiliated third parties, and any Sold Equity so transferred reduces the amount FOA repurchases under the agreement.

Does this filing change whether Blackstone admits beneficial ownership of all reported FOA shares?

No. The filing states that neither the submission of the Schedule 13D/A nor its contents constitute an admission that any Reporting Person is the beneficial owner of the FOA Class A common stock referred to, and each Reporting Person expressly disclaims beneficial ownership of such shares for purposes of Section 13(d) of the Exchange Act or any other purpose.