Five Point (NYSE: FPH) officer nets shares after major RSU vesting

Rhea-AI Filing Summary

Five Point Holdings, LLC officer Michael Alvarado reported a series of equity compensation-related transactions in March 2026. He settled restricted share units (RSUs) into Class A common shares, exercised multiple RSU awards at a conversion price of $0.00, and received a grant of 179,372 Class A shares as compensation.

The filing shows 446,888 RSUs exercised into Class A common shares and 67,767 RSUs forfeited following performance certification. To cover tax obligations on these vestings, 318,645 Class A shares were withheld by the company at prices around $5.23–$5.44 per share, and no shares were sold by Alvarado. After these transactions, he held 922,667 Class A shares directly and 55,070 Class A shares indirectly through a family trust.

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^*

Alvarado Michael

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/08/2026

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	03/08/2026		M		66,225	A	(1)	681,277	D
Class A common shares	03/08/2026		F		33,696(2)	D	$5.44	647,581	D
Class A common shares	03/09/2026		M		89,686	A	(1)	737,267	D
Class A common shares	03/09/2026		F		45,633(2)	D	$5.23	691,634	D
Class A common shares	03/09/2026		A		179,372	A	(3)	871,006	D
Class A common shares	03/09/2026		F		91,266(2)	D	$5.23	779,740	D
Class A common shares	03/09/2026		M		290,977	A	(4)	1,070,717	D
Class A common shares	03/09/2026		F		148,050(2)	D	$5.23	922,667	D
Class A common shares								55,070	I	By trust(5)

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	(6)	03/08/2026		M			66,225	(7)	(7)	Class A common shares	66,225	$0	2,468,192	D
Restricted share units	(6)	03/09/2026		M			89,686	(8)	(8)	Class A common shares	89,686	$0	2,378,506	D
Restricted share units	(6)	03/09/2026		M			290,977	(4)	(4)	Class A common shares	290,977	$0	2,087,529	D
Restricted share units	(6)	03/09/2026		D			67,767	(9)	(9)	Class A common shares	67,767	$0	2,019,762	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. Represents restricted share units that vested on March 9, 2026 following certification of achievement of two milestone-based performance objectives.

4. Represents restricted share units that vested based upon the satisfaction of certain share price targets during the three-year performance period ending March 9, 2026.

5. The Class A common shares of the Company are owned by The Michael A. and Julie S. Alvarado Family Trust created u/t/d dated July 9, 2002, of which Mr. Alvarado and his wife serve as co-trustees.

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

7. This award was granted on March 8, 2024. 66,225 restricted share units subject to the award vested on each of March 8, 2025 and March 8, 2026, and the remaining unvested restricted share units are scheduled to vest on March 8, 2027, assuming continued employment through the applicable vesting date.

8. This award was granted on March 9, 2023, and the award is now fully vested.

9. Represents restricted share units that were forfeited on March 9, 2026 following certification of achievement of certain share price targets.

Remarks:

Chief Operating Officer, Chief Legal Officer, and Vice President

	/s/ Mike Alvarado	03/10/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did FPH officer Michael Alvarado report in this Form 4?

Michael Alvarado reported equity compensation transactions, not open-market trades. He exercised 446,888 restricted share units into Class A common shares, had 67,767 units forfeited based on performance targets, and received 179,372 new Class A shares as a grant or award.

Were any Five Point Holdings (FPH) shares sold on the market in these transactions?

No market sales were reported. Shares labeled with code F were withheld by the company to satisfy tax obligations on RSU vesting. A footnote states these withheld shares covered tax liabilities and that no shares were sold by the reporting person.

How many Five Point (FPH) restricted share units did Michael Alvarado settle and forfeit?

Alvarado settled 446,888 restricted share units into Class A common shares and forfeited 67,767 units. The settled RSUs vested after achievement of milestone-based performance objectives and share price targets, according to the footnotes describing the performance-based awards.

What tax withholding occurred in connection with FPH officer Michael Alvarado’s RSU vesting?

The company withheld 318,645 Class A common shares to cover tax obligations tied to RSU settlements. These dispositions, coded F, occurred at prices around $5.23–$5.44 per share and are explicitly described as tax-withholding, not discretionary share sales.

What are Michael Alvarado’s reported Five Point (FPH) share holdings after these transactions?

After the reported transactions, Alvarado directly held 922,667 Class A common shares. He also had 55,070 additional Class A shares held indirectly through The Michael A. and Julie S. Alvarado Family Trust, where he and his wife serve as co-trustees.

What performance conditions affected Michael Alvarado’s FPH restricted share units?

Some RSUs vested after achievement of two milestone-based performance objectives, while others vested based on share price targets over a three-year period ending March 9, 2026. Separate footnotes explain that one 2023 award is now fully vested, while another 2024 award continues vesting through 2027.