Five Point (FPH) Form 4: unit redemption to 1,109,172 Class A

Rhea-AI Filing Summary

Five Point Holdings (FPH): insider ownership update. On 10/13/2025, Doni, Inc., an entity attributed to the reporting person, redeemed 3,137,134 Class A units of Five Point Operating Company, LP and received 1,109,172 Class A common shares of the issuer. Under the partnership’s dilution provisions, 2,027,962 Class A units were returned to the Operating Company. In a related step, an equal number of Class B common shares converted into Class A common shares at a 0.0003 ratio, adding 941 Class A shares. Following these transactions, 1,110,113 Class A common shares were beneficially owned indirectly by Doni, Inc.

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

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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^*

Haddad Emile

(Last) (First) (Middle)

C/O FIVE POINT HOLDINGS, LLC

2000 FIVEPOINT, 4TH FLOOR

(Street)

IRVINE CA 92618

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/13/2025

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 shares	10/13/2025		M		1,109,172	A	(1)	1,109,172	I	By Doni, Inc.(2)
Class A common shares	10/13/2025		M		941	A	(3)	1,110,113	I	By Doni, Inc.(2)
Class A common shares								1,253,105	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
Class A units of Five Point Operating Company, LP	(1)	10/13/2025		M			3,137,134	(1)	(1)	Class A common shares	1,109,172	(1)	0	I	By Doni, Inc.(2)
Class B common shares	(3)	10/13/2025		M			3,137,134	(3)	(3)	Class A common shares	941	(3)	0	I	By Doni, Inc.(2)

Explanation of Responses:

1. Under the Limited Partnership Agreement of Five Point Operating Company, LP (the "Operating Company"), holders of Class A units of the Operating Company may exchange such Class A units for Class A common shares of the Issuer on a one-for-one basis or for cash, at the option of the Issuer. Doni, Inc. redeemed its 3,137,134 Class A units of the Operating Company , and in exchange therefor, Doni, Inc. received 1,109,172 Class A common shares of the Issuer. The remaining 2,027,962 Class A units owned by Doni, Inc. were returned to the Operating Company in accordance with the dilution provisions of the Operating Company's partnership agreement.

2. The Operating Company's Class A units and the Issuer's Class A common shares and Class B common shares are owned by Doni, Inc. On the basis of Mr. Haddad's relationship with Doni, Inc., he may be deemed to beneficially own the units and shares held by Doni, Inc. Mr. Haddad disclaims beneficial ownership of these units and shares except to the extent of his pecuniary interest therein.

3. Upon the redemption of Doni, Inc.'s Class A units of the Operating Company, an equal number of Class B common shares converted into Class A common shares of the Issuer at a conversion ratio of 0.0003 Class A common shares for each Class B common share.

Remarks:

	/s/ Mike Alvarado, as attorney-in-fact	10/15/2025
	** 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 FPH’s insider report on Form 4?

A redemption of 3,137,134 Class A units for 1,109,172 Class A common shares, plus 941 Class A shares from Class B conversion.

When did the transactions occur for FPH (FPH)?

The transactions took place on 10/13/2025.

How many FPH Class A shares were received from the unit redemption?

Doni, Inc. received 1,109,172 Class A common shares.

What happened to the remaining Operating Company Class A units?

A total of 2,027,962 Class A units were returned under dilution provisions.

What was the conversion ratio for FPH Class B to Class A shares?

Class B common shares converted to Class A at 0.0003 Class A shares per Class B share.

What is the indirect beneficial ownership after the transactions?

Indirect beneficial ownership stood at 1,110,113 Class A common shares by Doni, Inc.

Were the holdings reported as direct or indirect?

The reported Class A common shares were held indirectly by Doni, Inc.