---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-044747"
form_type: "8-K"
ticker: "FPH"
cik: "0001574197"
company_name: "Five Point Holdings, LLC"
filed_at: "2026-02-10T23:59:59+00:00"
generated_at: "2026-05-16T03:35:20.658662+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Five Point launches Hearthstone land banking partnership with Blue Owl; warrants issued at $7.00

## Summary
- Five Point (FPH) announces new residential land banking partnership via Hearthstone with funds managed by Blue Owl (OWL).
- Five Point issued warrants to Blue Owl to purchase up to 1.5M Class A shares at $7.00, vesting on capital contribution thresholds from $500M to $1.7B.
- If fully vested and exercised, warrants result in ~1% dilution; no immediate dilution or cash received.
- Partnership targets acquisition of residential homesites in U.S. housing markets, leveraging Hearthstone's operating expertise.

## SEC filing metadata
- accession: 0001193125-26-044747
- form_type: 8-K
- ticker: FPH
- cik: 0001574197
- company_name: Five Point Holdings, LLC
- filed_at: 2026-02-10T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1574197/000119312526044747/0001193125-26-044747-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574197/000119312526044747/d56670d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-044747
- JSON: https://secwatch.observer/filing/0001193125-26-044747.json
- Plain text: https://secwatch.observer/filing/0001193125-26-044747.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.