X0306 4 2018-01-15 0 0001574197 Five Point Holdings, LLC FPH 0001704041 Alvarado Michael C/O FIVE POINT HOLDINGS, LLC 25 ENTERPRISE, SUITE 300 ALISO VIEJO CA 92656 0 1 0 0 See Remarks Class A common shares 2018-01-15 4 A 0 134861 0.00 A 182471 D Class A common shares 2018-01-15 4 F 0 8281 14.83 D 174190 D Class A common shares 2018-01-16 4 M 0 59821 A 234011 D Class A common shares 2018-01-16 4 F 0 29809 14.59 D 204202 D Class A common shares 38389 I By trust Restricted share units 2018-01-16 4 M 0 59821 0.00 D Class A common shares 59821 119644 D These shares are subject to certain restrictions upon transfer and rights of forfeiture as set forth in the Five Point Holdings, LLC 2016 Incentive Award Plan (the "2016 Incentive Award Plan") and an agreement entered into between the registered owner and Five Point Holdings, LLC (the "Company"), copies of which are on file with the secretary of the Company. Such restricted shares will vest in three equal annual installments beginning on January 15, 2019. Restricted share units were settled on a one-for-one basis in Class A common shares. Owned by The Michael A. and Julie S. Alvarado Family Trust created u/t/d dated July 9, 2002. On June 1, 2016, the reporting person was granted such restricted share units pursuant to the 2016 Incentive Award Plan. Such restricted share units have vested. The remaining unsettled restricted share units will settle on a one-for-one basis in Class A common shares or cash, at the option of the Company, in two equal installments on January 15, 2019 and January 15, 2020. Chief Legal Officer, Vice President and Secretary /s/ Mike Alvarado 2018-01-17