Company: FOACW
Filing Date: 2025-05-20
Form Type: 10-K/A
Source: 0001828937-25-000032
Chunk: 232

Company: Finance of America Companies Inc.
Filing Date: 2025-05-20
Form: 10-K/A
Chunk 232
---
| Finance of America Companies Inc.          
 Notes to Consolidated Financial Statements |

A summary of the option award activity is presented below:

| Outstanding, December 31, 2023 |     | Number of Options |       — |     | Weighted Average Exercise Price |     — |     | Weighted Average Remaining Contractual Term (in years) | — |     |     | Aggregate Intrinsic Value (in thousands) |     — |
|:-------------------------------|:----|:------------------|--------:|:----|:--------------------------------|------:|:----|:-------------------------------------------------------|:--|----:|:----|:-----------------------------------------|------:|
| Granted                        |     |                   | 720,000 |     |                                 | 25.00 |     |                                                        |   |     |     |                                          |       |
| Outstanding, December 31, 2024 |     |                   | 720,000 |     | $                               | 25.00 |     |                                                        |   | 4.8 |     | $                                        | 2,246 |

The weighted average grant date fair value of the options granted during the year ended December 31, 2024 was $ 7.30per option.

Equity-based compensation expense for the options was $ 0.4million for the year ended December 31, 2024 . Unrecognized equity-based compensation expense for the options totaled $ 4.9million as of December 31, 2024 and is expected to be recognized over 1.8years.

The Company estimates the fair value of the options at the date of grant using the Black-Scholes option pricing model based on the following inputs:

|                          |     | For the year ended December 31, 2024 |      |     |
|:-------------------------|:----|:-------------------------------------|-----:|----:|
| Expected volatility      |     |                                      | 75.0 |   % |
| Expected dividend yield  |     |                                      |  0.0 |   % |
| Risk-free interest rate  |     |                                      |  4.2 |   % |
| Expected term (in years) |     |                                      |      | 5.0 |

Expected volatility - This measure is based on the historical volatility of the Company’s common stock price.

Expected dividend yield - The Company estimates the expected dividend yield to be zero as the Company does not currently expect to pay dividends on its common stock for the foreseeable