Cooperman reports 1.29M FOA shares (15.0%)

Finance of America Companies Inc. filing amends a beneficial ownership disclosure for Leon G. Cooperman.

Rhea-AI Filing Summary

Finance of America Companies Inc. filing amends a beneficial ownership disclosure for Leon G. Cooperman. As of the filing, Mr. Cooperman is reported as the beneficial owner of 1,286,068 shares of Class A common stock, representing 15.0% of the class based on 8,551,931 Shares outstanding. The filing states that Convertible Notes held by Capital LP are convertible into 789,473 Shares at a conversion price of $19.00 per Share, but conversion is restricted by a 9.99% blocker that currently prevents conversion.

Insights

Corporate Governance Expert

Cooperman family funds show significant passive ownership with a conversion cap enforced by a blocker.

The filing lists 1,286,068 shares beneficially owned by Leon G. Cooperman-affiliated accounts and entities, equal to 15.0% of the stated 8,551,931 outstanding Shares used in the calculation. The position combines direct holdings, IRA accounts, a UTMA account, and holdings through Capital LP.

The disclosure also flags Convertible Notes convertible into 789,473 Shares at $19.00, but conversion is limited by a stated Blocker that prevents conversion when it would push beneficial ownership above 9.99%. Subsequent disclosures may show whether the Blocker is lifted or conversions occur.

Securities Compliance Attorney

Amendment clarifies beneficial ownership and includes customary blocker language tied to conversion rights.

The statement attributes sole voting and dispositive power over 1,286,068 shares to the reporting person and explains that conversion mechanics for the Convertible Notes are conditioned by a Blocker limiting ownership to 9.99%. The filing cites specific sources for the outstanding share count.

Material legal dependencies are explicit: the Blocker and conversion terms. Any change in outstanding shares or removal of the blocker would change conversion availability and should appear in future filings.

Key Figures

Beneficial ownership: 1,286,068 shares Percent of class: 15.0% Convertible shares: 789,473 Shares +2 more

5 metrics

Beneficial ownership 1,286,068 shares Total beneficially owned reported for Leon G. Cooperman

Percent of class 15.0% Calculated using 8,551,931 Shares outstanding

Convertible shares 789,473 Shares Shares issuable upon conversion of Convertible Notes held by Capital LP

Conversion price $19.00 per Share Conversion price for the Convertible Notes

Shares outstanding (basis) 8,551,931 Shares Outstanding share count cited in the filing

Key Terms

Blocker, Convertible Notes, UTMA Account

3 terms

Blocker regulatory

"does not include Shares issuable upon the conversion... which may not be converted ... more than 9.99%"

Convertible Notes financial

"Convertible Notes are convertible into 789,473 Shares at a price of $19.00 per Share"

Convertible notes are a type of short-term loan that a company receives from investors, which can later be turned into company shares instead of being paid back in cash. They matter to investors because they offer a way to support a company early on while giving the potential to own a stake in its success if the company grows and later raises more funding.

UTMA Account legal

"Shares held by the UTMA account (the "UTMA Account") for Asher Silvin Cooperman"

FAQ

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

How many FOA shares does Leon G. Cooperman beneficially own?

Mr. Cooperman is reported as beneficial owner of 1,286,068 shares, which the filing states equals 15.0% of the class based on 8,551,931 Shares outstanding used in the calculation.

Are there convertible securities related to Cooperman's holdings in FOA?

Yes. The filing discloses Convertible Notes held by Capital LP that are convertible into 789,473 Shares at a conversion price of $19.00 per Share, subject to conversion limits described in the filing.

Why can’t Capital LP convert the Convertible Notes now?

Conversion is restricted by a Blocker that prevents conversion if it would cause beneficial ownership to exceed 9.99%. The filing states the Blocker currently prevents conversion as of the referenced date.

What components make up the 1,286,068 shares reported?

The total comprises holdings through Capital LP (1,267,718), a UTMA account (12,350), three IRAs (425 combined), and 5,575 shares held directly by Mr. Cooperman, as listed in the filing.

What outstanding share count does the filing use to calculate the percentage?

The filing cites 8,551,931 Shares outstanding as the basis for the percentage calculation; that figure is tied to issuer disclosures referenced in the amendment.

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

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Accepted by SEC EDGAR 05/13/2026 - 04:20 PM EDT Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Finance of America Companies Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

31738L107

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 31738L107

1

Names of Reporting Persons

Cooperman Leon G.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,286,068.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,286,068.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,286,068.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

15 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: (1) Does not include Shares (as defined below) issuable upon the conversion of convertible notes (the "Convertible Notes") held by Capital LP (as defined below) which may not be converted into Shares to the extent that the Reporting Person would beneficially own more than 9.99% of the Issuer's outstanding Shares after giving effect to such conversion (such restriction, the "Blocker"). Subject to the terms of the Blocker, the Convertible Notes are convertible into 789,473 Shares at a price of $19.00 per Share. (2) Based upon 8,551,931 Shares outstanding as of March 18, 2026 as reported in the Issuer's Definitive Proxy Statement filed on April 7, 2026 and without giving effect to issuance of the Shares issuable upon the conversion of the Convertible Notes held by Capital LP.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Finance of America Companies Inc.
(b)	Address of issuer's principal executive offices: 5830 Granite Parkway, Suite 400, Plano, Texas, 75024
Item 2.
(a)	Name of person filing: This statement is filed on behalf of Leon G. Cooperman ("Mr. Cooperman"). Mr. Cooperman is engaged in, among other activities, investing for his own account. Mr. Cooperman is married to an individual named Toby Cooperman. Mr. Cooperman has an adult son named Michael S. Cooperman and a minor grandchild named Asher Silvin Cooperman. Mr. Cooperman has investment authority over the Shares (as defined below) held by the individual retirement accounts of Toby Cooperman (the "Toby Cooperman IRA") and Michael Cooperman (the "Michael Cooperman IRA") as well as the Shares held by an individual retirement account for the benefit of Mr. Cooperman himself (the "Leon Cooperman IRA"). Mr. Cooperman also has investment authority over the Shares held by the UTMA account (the "UTMA Account") for Asher Silvin Cooperman. Mr. Cooperman is the Managing Member of Omega Associates, L.L.C. ("Associates"), a limited liability company organized under the laws of the State of Delaware. Associates is a private investment firm formed to invest in and act as general partner of investment partnerships or similar investment vehicles. Associates is the general partner of a limited partnership organized under the laws of Delaware known as Omega Capital Partners, L.P. ("Capital LP"), a private investment firm comprised of Cooperman family funds engaged in the purchase and sale of securities for investment for its own account.
(b)	Address or principal business office or, if none, residence: Mr. Cooperman's principal business office address is St. Andrews Country Club, 7118 Melrose Castle Lane, Boca Raton, FL 33496.
(c)	Citizenship: Mr. Cooperman is a United States citizen.
(d)	Title of class of securities: Class A Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 31738L107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by this item with respect to the Reporting Person is set forth in Rows 5 through 9 and 11 of the cover page to this Schedule 13G. As of the date of this Schedule 13G, Mr. Cooperman may be deemed the beneficial owner of 1,286,068 Shares, which is comprised of: (i) 1,267,718 Shares held by Capital LP, (ii) 12,350 Shares held by the UTMA Account, (iii) 30 Shares held by the Toby Cooperman IRA, (iv) 45 shares held by the Michael Cooperman IRA, (v) 350 Shares held by the Leon Cooperman IRA and (vi) 5,575 Shares held directly by Mr. Cooperman, which collectively constitute approximately 15.0% of the total number of Shares outstanding, calculated based on 8,551,931 Shares outstanding as of August 6, 2025, as reported in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on March 18, 2026. This amount does not include the Shares underlying the conversion of the Convertible Notes held by Capital LP which, if not for the Blocker, would be convertible into 789,473 Shares at a conversion price of $19.00 per Share. As of May 11, 2026, the Convertible Notes held by Capital LP may not be converted into Shares due to the Blocker restrictions as Mr. Cooperman currently beneficially owns more than 9.99% of the Issuer's Shares outstanding.
(b)	Percent of class: 15.0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,286,068
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,286,068
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

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.

Cooperman Leon G.

Signature:	/s/ Edward Levy
Name/Title:	Edward Levy, Attorney-in-Fact
Date:	05/13/2026

Comments accompanying signature: Duly authorized under POA effective as of August 10, 2016 and filed on August 12, 2016.