Five Point (NYSE: FPH) officer awarded RSUs, settles units and withholds shares for taxes

Rhea-AI Filing Summary

Five Point Holdings, LLC officer Kim Tobler reported routine equity compensation activity. On April 8, 2026, Tobler received three grants totaling 300,500 restricted share units, each representing a contingent right to one Class A common share. Portions of these RSUs vest in equal installments on April 8, 2027, April 8, 2028 and April 8, 2029, while others depend on achieving share price targets during a performance period ending February 28, 2029, including a hurdle above $10 for 20 consecutive days. The filing also shows settlement of 33,021 RSUs into the same number of Class A shares and 16,802 shares withheld at $5.00 per share to cover taxes, with no shares sold. After these transactions, Tobler holds 69,745 Class A shares directly and 28,971 shares indirectly through The Tobler Family Trust.

Insider Trade Summary

33,021 shares exercised/converted

Mixed 7 txns

Insider Tobler Kim

Role See Remarks

Type	Security	Shares	Price	Value
Grant/Award	Restricted share units	94,500	$0.00	--
Grant/Award	Restricted share units	126,000	$0.00	--
Grant/Award	Restricted share units	80,000	$0.00	--
Exercise	Restricted share units	33,021	$0.00	--
Exercise	Class A common shares	33,021	$0.00	--
Tax Withholding	Class A common shares	16,802	$5.00	$84K
holding	Class A common shares	--	--	--

Holdings After Transaction: Restricted share units — 1,106,834 shares (Direct); Class A common shares — 86,547 shares (Direct); Class A common shares — 28,971 shares (Indirect, By Trust)

Footnotes (1)

1. Each restricted share unit is a contingent right to receive one Class A common share. This transaction represents the settlement of restricted share units in Class A common shares on their scheduled vesting date. Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the settlement of restricted share units previously granted to the reporting person. No shares were sold by the reporting person. The Class A common shares of the Company are owned by The Tobler Family Trust dated February 6, 2009. Each restricted share unit is a contingent right to receive one Class A common share. The restricted share units will vest in equal installments over three years on April 8, 2027, April 8, 2028 and April 8, 2029, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date. The restricted share units will vest based upon the satisfaction of certain share price targets during the performance period ending February 28, 2029. The restricted share units will vest based upon the satisfaction of certain share price targets during the performance period ending February 28, 2029 only if the share price exceeds $10 per share during any 20 consecutive days during the performance period. This award was granted on April 8, 2025. 33,021 and 33,022 restricted share units subject to the award are scheduled to vest on each of April 8, 2027 and April 8, 2028, respectively, assuming continued employment through the applicable vesting date.

Key Figures

Total RSU grants: 300,500 restricted share units Time-based RSU vesting dates: April 8, 2027; April 8, 2028; April 8, 2029 Performance period end: February 28, 2029 +5 more

8 metrics

Total RSU grants 300,500 restricted share units Grants on April 8, 2026 to Kim Tobler

Time-based RSU vesting dates April 8, 2027; April 8, 2028; April 8, 2029 Equal installment vesting schedule

Performance period end February 28, 2029 For performance-based RSUs’ share price targets

Share price hurdle $10 per share Must be exceeded for 20 consecutive days for certain RSUs

RSUs settled into shares 33,021 Class A common shares Settlement of restricted share units on April 8, 2026

Shares withheld for taxes 16,802 shares at $5.00 Tax withholding related to RSU settlement

Direct share holdings after transactions 69,745 Class A shares Owned directly by Kim Tobler

Indirect trust holdings 28,971 Class A shares Owned by The Tobler Family Trust

Key Terms

Restricted share units, tax withholding obligations, performance period, share price targets, +2 more

6 terms

Restricted share units financial

"Each restricted share unit is a contingent right to receive one Class A common share."

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

tax withholding obligations financial

"Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the settlement of restricted share units."

performance period financial

"The restricted share units will vest based upon the satisfaction of certain share price targets during the performance period ending February 28, 2029."

The performance period is the specific time span over which an investment’s results, an employee’s targets, or a fund’s returns are measured and judged. It matters to investors because the length and start/end of that window determine which gains or losses count toward performance fees, bonus payouts, or benchmark comparisons—much like timing a race decides who wins, the chosen period can change whether results look strong or weak.

share price targets financial

"The restricted share units will vest based upon the satisfaction of certain share price targets during the performance period ending February 28, 2029."

contingent right financial

"Each restricted share unit is a contingent right to receive one Class A common share."

withheld by the Company financial

"Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the settlement of restricted share units."

Form 4 Insider Transactions: What Each Field Means →

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
Estimated average burden
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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Tobler Kim

(Last) (First) (Middle)

C/O FIVE POINT HOLDINGS, LLC

2000 FIVEPOINT, 4TH FLOOR

(Street)

IRVINE CALIFORNIA 92618

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Five Point Holdings, LLC [ FPH ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	See Remarks

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2026

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

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

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

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 shares	04/08/2026		M		33,021	A	(1)	86,547	D
Class A common shares	04/08/2026		F		16,802(2)	D	$5	69,745	D
Class A common shares								28,971	I	By Trust(3)

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
Restricted share units	(4)	04/08/2026		A		94,500		(5)	(5)	Class A common shares	94,500	$0	1,106,834	D
Restricted share units	(4)	04/08/2026		A		126,000		(6)	(6)	Class A common shares	126,000	$0	1,232,834	D
Restricted share units	(4)	04/08/2026		A		80,000		(7)	(7)	Class A common shares	80,000	$0	1,312,834	D
Restricted share units	(4)	04/08/2026		M			33,021	(8)	(8)	Class A common shares	33,021	$0	1,279,813	D

Explanation of Responses:

1. Each restricted share unit is a contingent right to receive one Class A common share. This transaction represents the settlement of restricted share units in Class A common shares on their scheduled vesting date.

2. Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the settlement of restricted share units previously granted to the reporting person. No shares were sold by the reporting person.

3. The Class A common shares of the Company are owned by The Tobler Family Trust dated February 6, 2009.

4. Each restricted share unit is a contingent right to receive one Class A common share.

5. The restricted share units will vest in equal installments over three years on April 8, 2027, April 8, 2028 and April 8, 2029, subject to the Reporting Person's continued service with the Issuer through the applicable vesting date.

6. The restricted share units will vest based upon the satisfaction of certain share price targets during the performance period ending February 28, 2029.

7. The restricted share units will vest based upon the satisfaction of certain share price targets during the performance period ending February 28, 2029 only if the share price exceeds $10 per share during any 20 consecutive days during the performance period.

8. This award was granted on April 8, 2025. 33,021 and 33,022 restricted share units subject to the award are scheduled to vest on each of April 8, 2027 and April 8, 2028, respectively, assuming continued employment through the applicable vesting date.

Remarks:

Chief Financial Officer, Treasurer and Vice President

	/s/ Mike Alvarado, as attorney-in-fact	04/10/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What did Kim Tobler report in this Five Point (FPH) Form 4 filing?

Kim Tobler reported new equity compensation and routine settlements. The filing shows grants of restricted share units, conversion of 33,021 RSUs into Class A shares, and tax-related share withholding, with no open-market share sales by Tobler disclosed.

How many restricted share units did Kim Tobler receive from Five Point (FPH)?

Tobler received 300,500 restricted share units. These awards include time-based RSUs vesting annually from April 8, 2027 to April 8, 2029, and performance-based RSUs that depend on meeting share price targets during a performance period ending February 28, 2029.

What are the vesting conditions for Kim Tobler’s new Five Point (FPH) RSUs?

Some RSUs vest in equal installments on April 8, 2027, April 8, 2028 and April 8, 2029, subject to continued service. Other RSUs vest only if specified share price targets, including exceeding $10 for 20 consecutive days, are achieved by February 28, 2029.

Did Kim Tobler sell any Five Point (FPH) shares in this Form 4?

No, the filing states no shares were sold by Tobler. Instead, 16,802 shares were withheld by the company at $5.00 per share solely to satisfy tax withholding obligations related to the settlement of previously granted restricted share units.

How many Five Point (FPH) shares does Kim Tobler hold after these transactions?

After the reported transactions, Tobler directly holds 69,745 Class A common shares. In addition, 28,971 Class A common shares are owned indirectly through The Tobler Family Trust dated February 6, 2009, as disclosed in the filing footnotes.

What does the exercise of 33,021 restricted share units mean for Five Point (FPH)?

Exercising 33,021 restricted share units converted them into 33,021 Class A common shares. This reflects previously granted equity vesting into actual shares, increasing Tobler’s direct share ownership as part of ongoing compensation rather than an open-market purchase or sale.