Large owner Cooperman Leon G bought $1,107,682 worth of shares (51,115 units at $21.67) (SEC Form 4)
$FOA
Finance: Consumer Services
Finance
| 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*
(Street)
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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)
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3. Date of Earliest Transaction
(Month/Day/Year) 05/22/2025 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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, par value $0.0001 per share | 05/22/2025 | P | 5,575 | A | $21.33 | 5,575 | D | |||
| Class A Common Stock, par value $0.0001 per share | 05/22/2025 | P | 350 | A | $21.33 | 350 | I | See Footnote(1) | ||
| Class A Common Stock, par value $0.0001 per share | 05/22/2025 | P | 45 | A | $21.33 | 45 | I | See Footnote(2) | ||
| Class A Common Stock, par value $0.0001 per share | 05/22/2025 | P | 30 | A | $21.33 | 30 | I | See Footnote(3) | ||
| Class A Common Stock, par value $0.0001 per share | 06/10/2025 | P | 10,000 | A | $22 | 1,232,575 | I | See Footnote(4) | ||
| Class A Common Stock, par value $0.0001 per share | 06/11/2025 | P | 4,597 | A | $21.9 | 1,237,172 | I | See Footnote(4) | ||
| Class A Common Stock, par value $0.0001 per share | 06/17/2025 | P | 10,000 | A | $21.2 | 1,247,172 | I | See Footnote(4) | ||
| Class A Common Stock, par value $0.0001 per share | 06/18/2025 | P | 8,778 | A | $21 | 1,255,950 | I | See Footnote(4) | ||
| Class A Common Stock, par value $0.0001 per share | 06/20/2025 | P | 1,112 | A | $20.9 | 1,257,062 | I | See Footnote(4) | ||
| Class A Common Stock, par value $0.0001 per share | 08/05/2025 | P | 10,628 | A | $22.53 | 1,267,690 | I | See Footnote(4) | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 | ||||||||
| Convertible Notes | $19 | 08/04/2025 | P | 789,473 | (5) | 08/04/2028 | Class A Common Stock, par value $0.0001 per share | 789,473 | (5) | 789,473 | I | See Footnote(4) | |||
| Explanation of Responses: |
| 1. These securities are held in the individual retirement account of Mr. Cooperman. The Reporting Person disclaims beneficial ownership, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose. |
| 2. These securities are held in the individual retirement account of Michael Cooperman, the Reporting Person's adult child, over which the Reporting Person maintains investment discretion. The Reporting Person disclaims beneficial ownership, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose. |
| 3. These securities are held in the individual retirement account of Toby Cooperman, the Reporting Person's spouse, over which the Reporting Person maintains investment discretion. The Reporting Person disclaims beneficial ownership, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose. |
| 4. The securities are held in the account of Omega Capital Partners, L.P., a private investment entity over which the Reporting Person has investment discretion. The Reporting Person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose. |
| 5. On August 4, 2025, the Omega Capital Partners purchased $15,000,000.00 worth of unsecured convertible notes (the "Convertible Notes") of the Issuer that are convertible, in the aggregate, into 789,473 shares of the Issuer's Class A Common Stock, par value $0.0001 per share (the "Common Stock") at a conversion price of $19.00 per share. The Convertible Notes are convertible at anytime at the option of the Issuer or the Reporting Person; provided, however, that the Convertible Notes may not be converted into shares of Common Stock to the extent that the Reporting Person would beneficially own more than 9.99% of the Issuer's Common Stock after giving effect to such conversion. |
| Remarks: |
| This Form 4 reports transactions that were not timely filed. The transactions occurred between May 22, 2025 and August 5, 2025 and are being reported on Form 4 to bring the Reporting Person's ownership reports current. The Reporting Person acknowledges the late filing and undertakes to make all future filings on a timely basis. |
| /s/ Edward Levy, Attorney-In-Fact, POA on file | 09/02/2025 | |
| ** 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. | ||