McWilliams Greg 4/A

What Happened

• Greg McWilliams, Chief Policy Officer and Vice President at Five Point Holdings (FPH), had 111,037 shares withheld to satisfy tax withholding obligations tied to the vesting of restricted share units (RSUs). The withholding was reported as a disposition at $5.23 per share, totalling $580,724.
• This is a tax-withholding disposition (transaction code F), not an open-market sale—no shares were sold by the reporting person.

Key Details

• Transaction date: 2026-03-09; reported in an amended Form 4 filed 2026-03-13 (Accession 0001704078-26-000006).
• Price per share: $5.23; Shares withheld: 111,037; Total value (for withholding): $580,724.
• Transaction code: F (payment of exercise price or tax liability / withholding). Filing corrects an earlier Form 4 (filed Feb 10, 2026) that mistakenly used sale code S; the amendment clarifies no sale occurred.
• Shares owned after the transaction: not specified in the provided filing.
• Footnote: "No shares were sold by the reporting person."

Context

• Withholding of shares to cover taxes is a routine administrative step when RSUs vest; it reduces the insider's share count but is not typically treated as a directional market signal like an open-market purchase or sale.
• The amended filing corrects the transaction code to accurately reflect tax withholding rather than a sale.