[Form 4] Finance of America Companies Inc. Insider Trading Activity

Rhea-AI Filing Summary

Finance of America Companies Inc. reporting person Tai A. Thornock disclosed a sale of Class A common stock under a pre-established Rule 10b5-1 trading plan. On 09/16/2025 the reporting person sold 1,100 shares at a price of $25.87 per share (the filing states the sales occurred in multiple transactions each at $25.87), reducing the reporting person’s beneficial ownership to 15,050 shares. The Form 4 was signed by a power of attorney on 09/18/2025 and notes the 10b5-1 plan was adopted on 12/04/2024 and amended on 12/13/2024.

Positive

• Sale disclosed under a Rule 10b5-1 plan, indicating a pre-established trading arrangement
• Full Form 4 disclosure includes transaction date, price, shares sold, and resulting beneficial ownership
• Filing executed by power of attorney, showing procedural completion of reporting requirements

Negative

• Insider sold 1,100 shares, reducing beneficial ownership to 15,050 shares (could be perceived negatively by some investors)

Insights

Financial Analyst

TL;DR Insider disposed of a small portion of holdings via an established 10b5-1 plan; transaction appears routine and disclosed.

The sale of 1,100 Class A shares at $25.87 each reduced Tai Thornock’s holdings to 15,050 shares. The filing explicitly states the sale was executed under a Rule 10b5-1 plan adopted in December 2024 and amended shortly thereafter, which generally indicates preplanned, non-discretionary trading rather than opportunistic insider timing. The disclosure was made on a standard Form 4 and executed by a power of attorney, meeting routine SEC reporting mechanics. From a financial perspective, the size of the disposal relative to the remaining 15,050 shares appears modest and the filing contains no indications of accelerated disposition or related-party transactions.

Corporate Governance Expert

TL;DR Transaction follows a documented 10b5-1 plan; governance disclosure is complete and consistent with routine insider selling.

The Form 4 identifies the reporter as Chief Accounting Officer and indicates the sale was effected pursuant to a Rule 10b5-1 trading plan adopted 12/04/2024 and amended 12/13/2024. The filing includes the number of shares sold, per-share price, and resulting beneficial ownership, and is signed via power of attorney. These elements satisfy typical Section 16 reporting obligations. There is no indication in the filing of any policy breaches, exceptions, or related governance concerns. Absent additional context, this is a compliance-level disclosure rather than a governance red flag.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Thornock Tai A.

(Last) (First) (Middle)

C/O FINANCE OF AMERICA COMPANIES INC.

5830 GRANITE PARKWAY, SUITE 400

(Street)

PLANO TX 75024

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Finance of America Companies Inc. [ FOA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	09/16/2025		S(1)		1,100	D	$25.87(2)	15,050	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a sale effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 4, 2024 and amended on December 13, 2024.

2. These shares were sold in multiple transactions each at the price of $25.87.

Remarks:

	/s/ Tracy Lowe, as power of attorney for Tai A. Thornock	09/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Tai A. Thornock report on Form 4 for FOACW?

The filing reports a sale of 1,100 Class A shares on 09/16/2025 at $25.87 per share, reducing beneficial ownership to 15,050 shares.

Was the sale by the insider part of a preplanned trading program for FOACW?

Yes. The Form 4 states the sale was effected pursuant to a Rule 10b5-1 trading plan adopted on 12/04/2024 and amended on 12/13/2024.

When was the Form 4 for the FOACW transaction signed?

The Form 4 was signed by a power of attorney on 09/18/2025.

How many shares does the reporting person own after the reported transaction?

The reporting person beneficially owns 15,050 Class A shares following the sale.

At what price were the shares sold in the FOACW Form 4?

The filing states the shares were sold in multiple transactions each at $25.87 per share.