In a recent transaction, Luxor Capital Group, LP, a major shareholder in Five Point Holdings, LLC (NYSE:FPH), reported selling a total of $13,109 worth of the company’s stock. The sales were conducted at a price of $3.1491 per share.

The entities involved in the sale include Luxor Capital Partners, LP, Luxor Wavefront, LP, Luxor Capital Partners Offshore, Ltd., Luxor Capital Partners Long Offshore, Ltd., and LCG Holdings, LLC. These sales have been disclosed in compliance with the Securities and Exchange Commission’s regulations.

The transactions took place on April 1, 2024, and the shares were sold directly by the entities named above. The ownership of these shares is indirect, with the entities being closely related through various investment and management structures. The filings indicate that Luxor Capital Group, LP and its affiliates may be deemed to beneficially own the shares sold due to their roles as general partners or investment managers of the selling funds.

The total number of shares sold by the entities was not disclosed in the filings. However, the remaining ownership stakes following the transactions are significant, with one entity, Luxor Capital Partners, LP, still holding over 5.3 million shares.

Investors often monitor insider transactions as they can provide insights into the company’s performance and management’s perspective on its valuation. The sale of shares by significant shareholders such as Luxor Capital Group entities can be of particular interest to the market.