Finance of America (NYSE: FOA) repurchase reshapes Blackstone’s 38.9% stake disclosure

Rhea-AI Filing Summary

Finance of America Companies Inc. is the subject of an Amendment No. 10 to a Schedule 13D from Blackstone-affiliated investors updating their ownership after a major repurchase. On December 4, 2025, the company repurchased from the reporting persons an aggregate of 1,596,142 shares of Class A common stock and 2,418,767 Class A LLC Units for $10.00 per share or unit under an amended and restated repurchase agreement. Following this, several Blackstone entities report beneficial ownership positions, including Blackstone Holdings II L.P. with 4,014,908 shares of Class A common stock, representing 38.9% of the class. Together with Brian Libman and his affiliates, the reporting persons state they may be deemed to beneficially own 13,316,267 shares, or 72.1% of the outstanding Class A common stock, based on 7,891,348 shares outstanding as of November 7, 2025, adjusted for shares issuable upon conversion of FoA Units.

Insights

Equity ownership and governance analyst

Large issuer repurchase updates Blackstone’s reported control stake in Finance of America.

The amendment describes a significant capital transaction: on December 4, 2025, Finance of America repurchased 1,596,142 Class A shares and 2,418,767 Class A LLC Units from Blackstone-related holders at $10.00 per share or unit. This reduces the number of securities held by those funds while concentrating the remaining ownership they report.

Post-transaction, entities tied to Blackstone report beneficial ownership of up to 4,014,908 Class A shares for certain entities, representing as much as 38.9% of the class, with a broader group including Brian Libman and affiliates reporting 13,316,267 shares, or 72.1% of outstanding Class A stock, calculated under Rule 13d-3. Governance dynamics hinge on this high concentration of ownership, though the amendment itself mainly updates disclosure rather than changing corporate strategy.

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)

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)

12/04/2025

(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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 2,790,816.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,790,816.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,790,816.00

12

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

13

Percent of class represented by amount in Row (11)

27.1 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 2,790,816 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 1,208,126.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,208,126.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,208,126.00

12

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

13

Percent of class represented by amount in Row (11)

15.3 %

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 3,998,942.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 3,998,942.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

3,998,942.00

12

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

13

Percent of class represented by amount in Row (11)

38.8 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 3,998,942 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 3,998,942.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 3,998,942.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

3,998,942.00

12

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

13

Percent of class represented by amount in Row (11)

38.8 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 3,998,942 shares of Class A Common Stock, of which 2,404,961 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 2,404,961 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 15,966.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 15,966.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

15,966.00

12

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

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

The reported securities represent 15,966 shares of Class A Common Stock, of which 13,805 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 13,805 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 15,966.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 15,966.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

15,966.00

12

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

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 15,966 shares of Class A Common Stock, of which 13,805 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 13,805 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 4,014,908.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 4,014,908.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

4,014,908.00

12

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

13

Percent of class represented by amount in Row (11)

38.9 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

The reported securities represent 4,014,908 shares of Class A Common Stock, of which 2,418,766 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 2,418,766 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 4,014,908.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 4,014,908.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

4,014,908.00

12

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

13

Percent of class represented by amount in Row (11)

38.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 4,014,908 shares of Class A Common Stock, of which 2,418,766 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 2,418,766 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 4,014,908.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 4,014,908.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

4,014,908.00

12

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

13

Percent of class represented by amount in Row (11)

38.9 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

The reported securities represent 4,014,908 shares of Class A Common Stock, of which 2,418,766 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 2,418,766 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 4,014,908.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 4,014,908.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

4,014,908.00

12

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

13

Percent of class represented by amount in Row (11)

38.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The reported securities represent 4,014,908 shares of Class A Common Stock, of which 2,418,766 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 2,418,766 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 4,014,908.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 4,014,908.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

4,014,908.00

12

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

13

Percent of class represented by amount in Row (11)

38.9 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

The reported securities represent 4,014,908 shares of Class A Common Stock, of which 2,418,766 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 2,418,766 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. 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 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, as amended by Amendment No. 8 to the Schedule 13D, filed on August 5, 2025, and as amended by Amendment No. 9 to the Schedule 13D, filed on November 17, 2025 (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 as amended from time to time.
Item 4.	Purpose of Transaction
	Item 4(a) of the Schedule 13D is hereby amended to incorporate the following at the end thereof: On December 4, 2025, in connection with consummation of the First Closing pursuant to the Amended and Restated Repurchase Agreement, the Issuer repurchased from the Reporting Persons an aggregate of 1,596,142 shares of Class A Common Stock and 2,418,767 Class A LLC Units for consideration of $10.00 per share or Class A LLC Unit.
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, 13,316,267 shares of Class A Common Stock, representing 72.1% 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)	Except as otherwise set forth in this Schedule 13D, 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. 10 is hereby incorporated by reference into this Item 6.
Item 7.	Material to be Filed as Exhibits.
	Exhibit M of Item 7 of the Schedule 13D is hereby amended and restated Exhibit M Signature Page, dated December 8, 2025.

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:	12/08/2025

Blackstone Tactical Opportunities Fund - NQ L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	12/08/2025

Blackstone Tactical Opportunities Fund II - NQ L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	12/08/2025

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:	12/08/2025

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

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	12/08/2025

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

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	12/08/2025

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

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	12/08/2025

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

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	12/08/2025

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

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	12/08/2025

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

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	12/08/2025

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:	12/08/2025

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:	12/08/2025

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

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	12/08/2025

BTAS NQ Holdings L.L.C.

Signature:	/s/ Anna Guerin
Name/Title:	Anna Guerin / Authorized Signatory, See Exhibit M
Date:	12/08/2025

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:	12/08/2025

BTAS Associates - NQ L.L.C.

Signature:	/s/ Anna Guerin
Name/Title:	Anna Guerin / Authorized Signatory, See Exhibit M
Date:	12/08/2025

Blackstone Family GP L.L.C.

Signature:	/s/ Victoria Portnoy
Name/Title:	Victoria Portnoy / Managing Director - Assistant Secretary
Date:	12/08/2025

BTO Urban Holdings II L.P.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	12/08/2025

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

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory, See Exhibit M
Date:	12/08/2025

BTOA - NQ L.L.C.

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory
Date:	12/08/2025

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:	12/08/2025

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

Signature:	/s/ Christopher J. James
Name/Title:	Christopher J. James / Authorized Signatory
Date:	12/08/2025

Blackstone Holdings II L.P.

Signature:	/s/ Victoria Portnoy
Name/Title:	Victoria Portnoy / Managing Director - Assistant Secretary, See Exhibit M
Date:	12/08/2025

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

Signature:	/s/ Victoria Portnoy
Name/Title:	Victoria Portnoy / Managing Director - Assistant Secretary
Date:	12/08/2025

Blackstone Inc.

Signature:	/s/ Victoria Portnoy
Name/Title:	Victoria Portnoy / Managing Director - Assistant Secretary
Date:	12/08/2025

Blackstone Group Management L.L.C.

Signature:	/s/ Victoria Portnoy
Name/Title:	Victoria Portnoy / Managing Director - Assistant Secretary
Date:	12/08/2025

Stephen A. Schwarzman

Signature:	/s/ Stephen A. Schwarzman
Name/Title:	Stephen A. Schwarzman
Date:	12/08/2025

FAQ

What does the Schedule 13D/A Amendment No. 10 for FOA disclose?

The amendment updates the ownership reporting by Blackstone-affiliated investors in Finance of America Companies Inc. (FOA) after a company repurchase, and restates key items such as the purpose of transaction and current beneficial ownership percentages.

What transaction did Finance of America complete with the Blackstone reporting persons?

On December 4, 2025, Finance of America consummated a “First Closing” under an amended and restated repurchase agreement, repurchasing 1,596,142 Class A common shares and 2,418,767 Class A LLC Units from the reporting persons for $10.00 per share or unit.

How much of FOA’s Class A common stock do the Blackstone reporting persons say they beneficially own?

Certain Blackstone entities, such as Blackstone Holdings II L.P., report beneficial ownership of 4,014,908 Class A shares, representing 38.9% of the class, based on the share count and conversion assumptions described in the amendment.

What is the combined ownership of Finance of America by the Blackstone group and Brian Libman?

The amendment states that the reporting persons, together with Brian Libman and his affiliates, may be deemed to beneficially own an aggregate of 13,316,267 Class A shares, representing 72.1% of the outstanding Class A common stock, as calculated under Rule 13d-3.

What share count does the FOA Schedule 13D/A use to calculate ownership percentages?

Ownership percentages are calculated using 7,891,348 shares of Class A common stock outstanding as of November 7, 2025, as reported in Finance of America’s Form 10-Q, in some cases increased by Class A shares receivable upon conversion of FoA Units.

Do the reporting persons acknowledge being a control group for FOA?

The amendment notes that the reporting persons and Brian Libman and his affiliates may be deemed to be a group under Section 13(d), but it also states that the reporting persons expressly disclaim beneficial ownership of the referenced shares beyond what is reported.