Five Point insider amends filing to tax withholding
Five Point Holdings, LLC insider Greg McWilliams filed an amended Form 4 to correct the nature of a prior transaction.
Rhea-AI Filing Summary
Five Point Holdings, LLC insider Greg McWilliams filed an amended Form 4 to correct the nature of a prior transaction. The filing clarifies that 111,037 Class A common shares at $5.23 per share were withheld by the company to cover tax obligations tied to vesting restricted share units, rather than sold on the open market.
The amendment states the transaction was mistakenly reported earlier as a sale (Code S) and is now correctly shown as a tax-withholding disposition (Code F). Following this routine, non-market transaction, McWilliams directly holds 588,735 Class A common shares.
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Insights
Amended filing recasts a reported sale as routine tax withholding.
The amended Form 4 for Five Point Holdings, LLC clarifies that 111,037 Class A common shares were withheld to satisfy tax obligations on vesting restricted share units, not sold on the market. The transaction is coded F, indicating payment of tax liability via shares.
This distinction matters because tax-withholding dispositions are mechanical and do not reflect an insider's view of the stock. The filing notes that no shares were sold by Greg McWilliams, and he continues to hold 588,735 shares directly after the transaction.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Class A common shares | 111,037 | $5.23 | $581K |
Footnotes (1)
- F1. This Form 4/A amends the Form 4 filed on February 10, 2026 to correct the transaction code for the disposition of shares used to satisfy tax withholding obligations in connection with the vesting of restricted share units. The transaction was incorrectly reported as a sale (Code S) and should have been reported as a withholding of shares for tax obligations (Code F). No shares were sold by the reporting person.
FAQ
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What did the Five Point Holdings (FPH) Form 4/A for Greg McWilliams correct?
What does transaction code F mean in the Five Point Holdings (FPH) Form 4/A?
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