Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-K/A
Source: 0001828937-25-000032
Chunk: 251

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-K/A
Chunk 251
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ity holdback units totaling up to 714,226Units that are liability classified. Refer to Note 3 - Acquisitions for additional information.

On October 29, 2024, FOA Equity issued 705,841Class A LLC Units to AAG/Bloom in accordance with the terms of the asset purchase agreement relating to the AAG Transaction. The diluted weighted average shares outstanding of Class A Common Stock includes the effects of the if-converted method and assumes the Class A LLC Units held by AAG/Bloom exchanged their units on a one-for-one basis for shares of Class A Common Stock in FOA at the beginning of the reporting period.

In accordance with ASC 260, Earnings Per Share, the indemnity holdback units are not included in the diluted weighted average shares outstanding of Class A Common Stock for the years ended December 31, 2024 and 2023.

30. Equity

Class A Common Stock

As of December 31, 2024, there were 10,360,299shares of Class A Common Stock issued, consisting of 9,934,449shares issued and outstanding and 425,850unvested shares that are subject to vesting and forfeiture. The 425,850unvested shares of Class A Common Stock relate to the Sponsor Earnout. The 425,850unvested shares of Class A Common Stock are not entitled to receive any dividends or other distributions, do not have any other economic rights until such shares are vested, and will not be entitled to receive back dividends or other distributions or any other form of economic “catch-up” if, and when, they become vested. The holders of the 9,934,449issued and outstanding shares of Class A Common Stock represent the controlling interest of the Company.

Pursuant to the A&R MLTIP, certain equity holders of FOA and FOA Equity are obligated to deliver a number of shares of Class A Common Stock and Class A LLC Units for restricted stock unit awards granted by the Company.

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| Finance of America Companies Inc.          
 Notes to Consolidated Financial Statements |

During the years ended December 31, 2024 and 2023, in connection with FOA’s settlement of restricted stock units into shares of Class A Common Stock and pursuant to the A&R MLTIP, these equity holders delivered 18,739and 47,571shares, respectively, of Class A Common Stock and 110,949and 281,637Class A LLC Units,