# EDGAR Filing Document

**Accession Number:** 0001356440
**File Stem:** 0001104659-23-000800
**Filing Date:** 2023-1
**Character Count:** 20678
**Document Hash:** fb936f30ec3832c7899b081a64865b6a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-000800.hdr.sgml**: 20230104

**ACCESSION NUMBER**: 0001104659-23-000800

**CONFORMED SUBMISSION TYPE**: SC 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230104

**DATE AS OF CHANGE**: 20230104

**GROUP MEMBERS**: LIBMAN FAMILY HOLDINGS, LLC

**GROUP MEMBERS**: MORTGAGE OPPORTUNITY GROUP, LLC

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Finance of America Companies Inc.
- **CENTRAL INDEX KEY:** 0001828937
- **STANDARD INDUSTRIAL CLASSIFICATION:** MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
- **IRS NUMBER:** 853474065
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-92461
- **FILM NUMBER:** 23505832

**BUSINESS ADDRESS:**
- **STREET 1:** 5830 GRANITE PARKWAY
- **STREET 2:** SUITE 400
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024
- **BUSINESS PHONE:** 877-202-2666

**MAIL ADDRESS:**
- **STREET 1:** 5830 GRANITE PARKWAY
- **STREET 2:** SUITE 400
- **CITY:** PLANO
- **STATE:** TX
- **ZIP:** 75024
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LIBMAN BRIAN L
- **CENTRAL INDEX KEY:** 0001356440

**FILING VALUES:**
- **FORM TYPE:** SC 13D/A

**MAIL ADDRESS:**
- **STREET 1:** CLAYTON HOLDINGS, INC.
- **STREET 2:** 2 CORPORATE DRIVE
- **CITY:** SHELTON
- **STATE:** CT
- **ZIP:** 06484

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**SCHEDULE 13D** 

**Under the Securities Exchange Act of 1934** 

**(Amendment No. 5)\*** 

**FINANCE OF AMERICA COMPANIES INC.** 

**(Name of Issuer)** 

**Class A Common Stock, par value $0.0001 per share** 

**(Title of Class of Securities)** 

**31738L107** 

**(CUSIP Number)** 

**Finance of America Companies Inc.** 

**5830 Granite Parkway, Suite 400** 

**Plano, Texas 75024** 

**Attn: Lauren Richmond, Chief Legal Officer**

**Tel: (877) 202-2666** 

**(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)** 

**December 31, 2022** 

**(Date of Event Which Requires Filing of this Statement)** 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. ¨

**Note:** Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

\* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (the "<u>Exchange Act</u>") or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes).

CUSIP NO. 31738L107

1. Names of Reporting Persons. Brian L. Libman

2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ⌧ (b) ◻

3. SEC Use Only

4. Source of Funds (See Instructions) OO

5. Check if Disclosure of Legal Proceedings Is Required Pursuant
 to Items 2(d) or 2(e) ◻

6. Citizenship or Place of Organization United States

---

| | | |
|:---|:---|:---|
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with: | 7. | &nbsp;&nbsp; Sole Voting Power<br>72,137,360 |
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with: | 8. | &nbsp;&nbsp; Shared Voting Power<br>0 |
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with: | 9. | &nbsp;&nbsp; Sole Dispositive Power<br>72,137,360 |
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with: | 10. | &nbsp;&nbsp; Shared Dispositive Power<br>0 |

---

11. Aggregate Amount Beneficially Owned by Each Reporting Person 72,137,360

12. Check if the Aggregate Amount in Row (11) Excludes Certain
 Shares (See Instructions) ◻

13. Percent of Class Represented by Amount in Row (11) 53.5%

14. Type of Reporting Person (See Instructions) IN

CUSIP NO. 31738L107

1. Names of Reporting Persons. Libman Family Holdings, LLC

2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ⌧ (b) ◻

3. SEC Use Only

4. Source of Funds (See Instructions) OO

5. Check if Disclosure of Legal Proceedings Is Required Pursuant
 to Items 2(d) or 2(e) ◻

6. Citizenship or Place of Organization Connecticut

---

| | | |
|:---|:---|:---|
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with: | 7. | &nbsp;&nbsp; Sole Voting Power<br>71,792,005 |
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with: | 8. | &nbsp;&nbsp; Shared Voting Power<br>0 |
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with: | 9. | &nbsp;&nbsp; Sole Dispositive Power<br>71,792,005 |
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with: | 10. | &nbsp;&nbsp; Shared Dispositive Power<br>0 |

---

11. Aggregate Amount Beneficially Owned by Each Reporting Person 71,792,005

12. Check if the Aggregate Amount in Row (11) Excludes Certain
 Shares (See Instructions) ◻

13. Percent of Class Represented by Amount in Row (11) 53.3%

14. Type of Reporting Person (See Instructions) OO

CUSIP NO. 31738L107

1. Names of Reporting Persons. The Mortgage Opportunity Group, LLC

2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) ⌧ (b) ◻

3. SEC Use Only

4. Source of Funds (See Instructions) OO

5. Check if Disclosure of Legal Proceedings Is Required Pursuant
 to Items 2(d) or 2(e) ◻

6. Citizenship or Place of Organization Connecticut

---

| | | |
|:---|:---|:---|
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with: | 7. | &nbsp;&nbsp; Sole Voting Power<br>0 |
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with: | 8. | &nbsp;&nbsp; Shared Voting Power<br>0 |
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with: | 9. | &nbsp;&nbsp; Sole Dispositive Power<br>0 |
| Number of<br> shares<br> beneficially<br> owned by<br> each<br> reporting<br> person<br> with: | 10. | &nbsp;&nbsp; Shared Dispositive Power<br>0 |

---

11. Aggregate Amount Beneficially Owned by Each Reporting Person 0

12. Check if the Aggregate Amount in Row (11) Excludes Certain
 Shares (See Instructions) ◻

13. Percent of Class Represented by Amount in Row (11) 0.0%

14. Type of Reporting Person (See Instructions) OO

This Amendment No. 5 ("<u>Amendment No. 5</u>") to Schedule 13D relates to the Class A common stock, par value $0.0001 per share (the "<u>Class A Common Stock</u>"), of Finance of America Companies Inc., a Delaware corporation (the "<u>Issuer</u>"), and amends and supplements the initial statement on Schedule 13D filed on August 26, 2021, as amended by the Amendment No. 1 to the Schedule 13D filed on October 1, 2021, as amended by Amendment No. 2 to the Schedule 13D filed on April 5, 2022, as amended by Amendment No. 3 to the Schedule 13D filed on August 10, 2022, as amended by Amendment No. 4 to the Schedule 13D filed on December 7, 2022 (as so amended, the "<u>Schedule 13D</u>"). Except as specifically amended by this Amendment No. 5, the Schedule 13D remains in full force and effect. The principal executive offices of the Issuer are located at 5830 Granite Parkway, Suite 400, Plano, Texas 75024. Capitalized terms used but not defined in this Amendment No. 5 shall have the same meanings ascribed to them in the Schedule 13D.

**Item 3. Source and Amount of Funds or Other Considerations**

Item 3 of the Schedule 13D is hereby amended and supplemented as follows:

Pursuant to the Unit Transfer Agreement (the "<u>Transfer Agreement</u>"), dated December 31, 2022, by and among The Mortgage Opportunity Group, LLC ("<u>TMO</u>") and Libman Family Holdings, LLC ("<u>LFH</u>"), TMO transferred to LFH all of the FoA Units held by TMO in exchange for a payment from LFH in the amount of $2,500,000.00 (the "<u>Reported Transaction</u>"). The source of these funds was cash on hand.

**Item 4. Purpose of Transaction**

Item 4 of the Schedule 13D is hereby amended and supplemented as follows:

The Reported Transaction was effected for the purpose of simplifying the ownership structure with respect to the Class A Common Stock of the Issuer among the members of the Libman family. It does not change the aggregate beneficial ownership of the Reporting Persons in the Class A Common Stock of the Issuer.

**Item 5. Interest in Securities of the Issuer** 

Item 5(a)-(b) of the Schedule 13D is hereby amended and restated as follows:

(a) and (b) Calculations of the percentage of the shares of Class A Common Stock beneficially owned is based on 62,962,573 shares of Class A Common Stock outstanding as of November 7, 2022 as set forth in the Issuer's Quarterly Report on Form 10-Q filed by the Issuer on November 9, 2022, and takes into account any shares of Class A Common Stock underlying FoA Units held by each of the Reporting Persons, as applicable.

The Reporting Persons own an aggregate of 71,792,005 FoA Units, 345,355 shares of Class A Common Stock and 8,791,920 Earnout Rights, which includes (i) 345,355 shares of Class A Common Stock held by Mr. Libman or by entities for which Mr. Libman is a trustee; (ii) 71,792,005 FoA Units and 8,564,208 Earnout Rights held by LFH; and (iii) 227,712 Earnout Rights held by TMO. The Reporting Persons beneficially own 53.5% of the outstanding Class A Common Stock in the aggregate, as calculated pursuant to Rule 13d-3 of the Securities Exchange Act of 1934, as amended (the "<u>Exchange Act</u>").

The aggregate number and percentage of the Class A Common Stock beneficially owned by each Reporting Person and, for each Reporting Person, the number of shares as to which there is sole power to vote or to direct the vote, shared power to vote or to direct the vote, sole power to dispose or to direct the disposition, or shared power to dispose or to direct the disposition are set forth on rows 7 through 11 and row 13 of the cover pages of this Schedule 13D and are incorporated herein by reference.

Pursuant to the limited liability company agreements of LFH and TMO, each of LFH and TMO is managed by a board of managers consisting of Brian Libman as the sole manager.

Neither the filing of this Schedule 13D nor any of its contents shall be deemed to constitute an admission that any Reporting Person is the beneficial owner of the Class A Common Stock referred to herein for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, or for any other purpose and each of the Reporting Persons expressly disclaims beneficial ownership of such shares of Class A Common Stock.

By virtue of the Stockholders Agreement (as defined below), the Reporting Persons and affiliates of Blackstone Inc. ("<u>Blackstone</u>") are deemed to be members of a group for purposes of Section 13(d) of the Exchange Act. Blackstone and its affiliates are filing a separate Schedule 13D to report the Class A Common Stock that they may be deemed to beneficially own. Collectively, the Reporting Persons and Blackstone and its affiliates may be deemed to beneficially own in the aggregate 143,752,791 shares of Class A Common Stock (which amount does not include the shares of Class A Common Stock to be acquired pursuant to the Stock Purchase Agreement (as defined below) and the Other Stock Purchase Agreement (as defined below) by the Reporting Persons and Blackstone and its affiliates, respectively), representing 77.8% of the outstanding Class A Common Stock, calculated pursuant to Rule 13d-3 of the Exchange Act.

Item 5(c) of the Schedule 13D is hereby amended and restated as follows:

(c) Except as set forth in Item 3 of this Schedule 13D, Amendment No. 5, none of the Reporting Persons has effected any transaction in Class A Common Stock since the date of the filing of Amendment No. 4.

**Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer** 

Item 6 of the Schedule 13D is hereby amended and supplemented as follows:

*<u>Unit Transfer Agreement</u>*

 

In connection with the Reported Transaction, TMO and LFH entered into the Transfer Agreement, as more particularly described in Item 3 of this Schedule 13D, Amendment No. 5, and attached hereto as Exhibit K.

**Item 7. Materials to Be Filed as Exhibits**

Item 7 of the Schedule 13D is hereby amended and supplemented as follows:

K. Unit Transfer Agreement, dated as of December 31, 2022, by and among The Mortgage Opportunity Group, LLC and Libman Family Holdings, LLC.

**SIGNATURES** 

After reasonable inquiry and to the best of its knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: January 4, 2023

---

| | |
|:---|:---|
| **Brian L. Libman** | **Brian L. Libman** |
| By: | /s/ Brian L. Libman |
| Name: | Brian L. Libman |
| **Libman Family Holdings, LLC** | **Libman Family Holdings, LLC** |
| By: | /s/ Brian L. Libman |
| Name: | Brian L. Libman |
| Title: | Manager |
| **The Mortgage Opportunity Group, LLC** | **The Mortgage Opportunity Group, LLC** |
| By: | /s/ Brian L. Libman |
| Name: | Brian L. Libman |
| Title: | Manager |

---

[Finance of America Companies Inc. – Schedule 13D/A]

## Ex-99.K

**Exhibit 99.K**

**UNIT TRANSFER AGREEMENT**

This Unit Transfer Agreement (this "<u>Agreement</u>") is entered into as of December 31, 2022, by and among The Mortgage Opportunity Group, LLC ("<u>TMO</u>") and Libman Family Holdings, LLC ("<u>LFH</u>"). Capitalized terms used, but not otherwise defined, in this Agreement shall have the meanings set forth in the Amended and Restated Limited Liability Company Agreement, dated as of April 1, 2021 (the "<u>LLC Agreement</u>"), of Finance of America Equity Capital LLC ("<u>FoA Equity</u>").

WHEREAS, each of TMO and LFH is a Member of FoA Equity and a Principal Stockholder pursuant to terms of the LLC Agreement and are each party to (i) Stockholders Agreement, dated as of April 1, 2021, between Finance of America Companies Inc. ("<u>FoA Inc.</u>"), TMO, LFH and the other parties thereto, (ii) the Registration Rights Agreement, dated as of April 1, 2021, between FoA Inc., TMO, LFH and the other parties thereto, (iii) the Exchange Agreement, dated April 1, 2021, between FoA Inc., FoA Equity, TMO, LFH and the other parties thereto, (iv) the Tax Receivable Agreement, dated April 1, 2021, between FoA Inc., TMO, LFH and the other parties thereto and (v) the LTIP Award Settlement Agreement, dated as of October 12, 2020, by and among FoA Inc., FoA Equity, TMO, LFH and the other parties thereto (such agreements together with the LLC Agreement, collectively the "<u>Equity Agreements</u>");

WHEREAS, in exchange for a payment from LFH in the amount of $2,500,000.00 (the "<u>Consideration</u>"), TMO desires to transfer to LFH all of the Class A Units held by TMO as of immediately prior to the effectiveness of this Agreement as set forth in the books and records of FoA Equity (the "<u>TMO Units</u>"); and

WHEREAS, pursuant to Section 8.03(c) of the LLC Agreement, without the consent of the Board or any other Person, each Member that is a Principal Stockholder may Transfer all or any portion of its Units in a Transfer not in violation of Section 8.06(b).

NOW, THEREFORE, in consideration of the agreements and obligations set forth herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned parties hereto, intending to be legally bound, hereby agree as follows:

1. <u>Transfer</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) At or prior to the date of this Agreement, LFH has paid to TMO the Consideration and, in exchange, TMO hereby (i) assigns, transfers, conveys and delivers to LFH all of its right, title and interest in and to the TMO Units, free and clear of any liens, claims or other encumbrances, except for restrictions on transfer as set forth in the LLC Agreement or under the Securities Act of 1933, as amended or other applicable securities laws and (ii) in respect of the TMO Units, assigns and transfers to LFH all of its rights and interest under the Equity Agreements and novates and transfers to LFH all of its obligations under the Equity Agreements, whereupon TMO shall no longer be party to the Equity Agreements in respect of the TMO Units. LFH hereby accepts the TMO Units and agrees to pay and perform all unperformed obligations of TMO under and pursuant to the Equity Agreements relating to the TMO Units.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The transfer set forth in Section 1(a) above shall be effective upon the execution and delivery of this Agreement by each party hereto and the parties shall cause FoA Equity to promptly record such transfer.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. <u>Further Assurances</u>. The parties hereto shall cooperate with one another at all times to do, or procure the doing of, all acts and things, and execute, or procure the execution of, all documents and instruments, as may reasonably be required to give full effect to this Agreement, including use their reasonable best efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary to complete the transfer contemplated hereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. <u>Governing Law</u>. This Agreement is governed by and shall be construed in accordance with the Laws of the State of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. <u>Binding Effect</u>. The provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors and permitted assigns of the parties to this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. <u>Headings</u>. Section headings used in this Agreement are for convenience of reference only, are not part of this Agreement and are not to affect the construction of, or to be taken into consideration in interpreting, this Agreement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. <u>Amendments</u>. No provision of this Agreement may be amended or modified in whole or in part at any time without the express written consent of each of TMO or LFH.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. <u>Entire Agreement</u>. This Agreement, together with the other agreements contemplated hereby or referenced herein, constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes all prior agreements and undertakings, both written and oral, among the parties with respect to the subject matter hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. <u>Execution of Counterparts; Electronic Delivery</u>. This Agreement may be executed in multiple counterparts (including by means of electronic transmission in portable document format (pdf)), any one of which need not contain the signatures of more than one party, but all such counterparts taken together will constitute one and the same instrument.

[Signature Pages Follow]

\* \* \* \* \*

IN WITNESS WHEREOF, the parties hereto have executed this Unit Transfer Agreement as of the date first above written.

---

| | |
|:---|:---|
| **Libman Family Holdings, LLC** | **Libman Family Holdings, LLC** |
| By: | /s/ Brian L. Libman |
| Name: | Brian L. Libman |
| Title: | Manager |
| **The Mortgage Opportunity Group, LLC** | **The Mortgage Opportunity Group, LLC** |
| By: | /s/ Brian L. Libman |
| Name: | Brian L. Libman |
| Title: | Manager |

---