Bullish indicating open at $55-$60, IPO prices at $37
Tobler Kim, Chief Financial Officer of Five Point Holdings, LLC (NYSE:FPH), recently sold a portion of the company’s Class A common shares. According to a Form 4 filing with the Securities and Exchange Commission, Kim sold 18,496 shares at a price of $5.78 each, totaling approximately $106,906. The transaction comes as FPH, currently trading at attractive valuations according to InvestingPro analysis, has delivered an impressive 41.8% return year-to-date.
The sale took place on March 8, 2025, and was reported as part of a series of transactions. The filing also noted that the shares were withheld by the company to satisfy tax obligations related to the vesting of restricted share units previously granted to Kim. With a market capitalization of $796.48 million and a P/E ratio of 5.46, the company maintains strong financial metrics, as indicated by its "GREAT" financial health score on InvestingPro.
Following these transactions, Kim holds 17,927 shares directly. Additionally, The Tobler Family Trust, dated February 6, 2009, retains ownership of 28,971 shares indirectly.
While the sale was notable, it was part of a broader transaction involving the vesting of restricted share units. On the same day, 36,423 restricted share units vested, which were settled into Class A common shares, as part of Kim’s compensation package.
These transactions reflect routine financial activities associated with executive compensation and tax obligations, rather than open-market sales.
In other recent news, Five Point Holdings LLC reported a record net income of $121 million for the fourth quarter of 2024, with total revenue reaching $159 million. The company also achieved a net income of $177.6 million for the full year, showcasing strong performance in residential land sales and management services. Five Point Holdings maintains a robust liquidity position with $555.9 million, including $430.9 million in cash. The company projects a 10% growth in net income for 2025, aiming for approximately $200 million. During the earnings call, analysts expressed interest in Five Point’s future plans, particularly in the Great Park Venture business model and potential new ventures. Five Point’s management discussed plans to pay down senior notes by $100-$200 million, which would further strengthen its financial position. The company is also exploring refinancing options for senior notes and potential small equity investments in new ventures. Additionally, Five Point intends to focus on its Great Park Venture and asset-lighter land partnership model to drive future growth.
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