Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001828937-25-000033
Chunk: 49

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Item 1
Chunk 49
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, 2026 is dependent on the dollar amount of indemnified claims FOA pays out on behalf of AAG/Bloom related to litigation liabilities and indemnifiable loan losses. In accordance with ASC 260, these Class A LLC units are not included in the diluted weighted average shares outstanding of Class A Common Stock for the three months ended March 31, 2025 and 2024.

18.    EquityClass A Common StockAs of March 31, 2025, there were 11,137,524 shares of Class A Common Stock issued, consisting of 10,711,674 shares issued and outstanding and 425,850 unvested shares that are subject to vesting and forfeiture in accordance with a sponsor earnout agreement with certain equity holders. The 425,850 unvested 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 10,711,674 issued and outstanding shares of Class A Common Stock represent the controlling interest of the Company.Pursuant to the Amended and Restated Long-Term Incentive Plan (“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 RSU awards granted by the Company. These equity holders did not deliver any shares of Class A Common Stock or Class A LLC Units to the Company in connection with FOA’s settlement of RSUs into shares of Class A Common Stock and pursuant to the A&R MLTIP during the three months ended March 31, 2025. During the three months ended March 31, 2024, these equity holders delivered 1,491 shares of Class A Common Stock and 8,829 Class A LLC Units to the Company in satisfaction of such settlement. The delivery of shares of Class A Common Stock and Class A LLC Units to the Company offset the gross award of RSUs settled. The potential future settlement of the 

43

Finance of America Companies Inc.Notes to Condensed Consolidated Financial Statements (Unaudited)

Earnout Right RSUs outstanding as of March 31, 2025 will also be funded by the delivery of Class A Common Stock and Class A LLC Units from certain equity holders of FOA and FOA