---
schema_version: "secwatch.filing_event.v1"
accession: "0001574197-26-000029"
form_type: "8-K"
ticker: "FPH"
cik: "0001574197"
company_name: "Five Point Holdings, LLC"
filed_at: "2026-09-30T21:15:02+00:00"
generated_at: "2026-10-12T14:10:42.598752+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# Five Point extends Great Park development management pact through 2028 at $13.5M annual base fee

## Summary
- Fourth amendment dated Sept. 25, 2026 extends the Development Management Agreement with Heritage Fields El Toro through Dec. 31, 2028; prior term was scheduled to end Dec. 31, 2026.
- Base fee remains $13.5M annually, paid $1.125M monthly, effective Jan. 1, 2027 through calendar 2027-2028, unchanged from current annual base fee.
- Incentive compensation equals 9% of Great Park Venture distributions; if the DMA is not extended beyond 2028, future payments drop to 6.75% (75% of prior rate).
- If the term expires at the end of the Third Renewal Term, HFET must pay unpaid incentive compensation based on all Available Cash as of expiration, whether or not distributed.
- FP Inc. oversees management, operation, development and sale of Great Park Neighborhoods properties owned by HFET, a Great Park Venture subsidiary.

## SEC filing metadata
- accession: 0001574197-26-000029
- form_type: 8-K
- ticker: FPH
- cik: 0001574197
- company_name: Five Point Holdings, LLC
- filed_at: 2026-09-30T21:15:02+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1574197/000157419726000029/0001574197-26-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1574197/000157419726000029/fph-20260929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001574197-26-000029
- JSON: https://secwatch.observer/filing/0001574197-26-000029.json
- Plain text: https://secwatch.observer/filing/0001574197-26-000029.txt

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