Statement of Changes in Beneficial Ownership (Form 4)

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Alvarado Michael 2. Issuer Name and Ticker or Trading Symbol Five Point Holdings, LLC [FPH] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) See Remarks (Last) (First) (Middle) C/O FIVE POINT HOLDINGS, LLC, 2000 FIVEPOINT, 4TH FLOOR 3. Date of Earliest Transaction (Month/Day/Year) 03/08/2026 (Street) IRVINE, CA 92618 4. If Amendment, Date Original Filed (Month/Day/Year) 6. Individual or Joint/Group Filing (Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A common shares 03/08/2026 M 66,225 A (1) 681,277 D Class A common shares 03/08/2026 F 33,696(2) D $5.44 647,581 D Class A common shares 03/09/2026 M 89,686 A (1) 737,267 D Class A common shares 03/09/2026 F 45,633(2) D $5.23 691,634 D Class A common shares 03/09/2026 A 179,372 A (3) 871,006 D Class A common shares 03/09/2026 F 91,266(2) D $5.23 779,740 D Class A common shares 03/09/2026 M 290,977 A (4) 1,070,717 D Class A common shares 03/09/2026 F 148,050(2) D $5.23 922,667 D Class A common shares 55,070 I By trust(5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Underlying Securities (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted share units	(6)	03/08/2026		M			66,225	(7)	(7)	Class A common shares	66,225	$ 0	2,468,192	D
Restricted share units	(6)	03/09/2026		M			89,686	(8)	(8)	Class A common shares	89,686	$ 0	2,378,506	D
Restricted share units	(6)	03/09/2026		M			290,977	(4)	(4)	Class A common shares	290,977	$ 0	2,087,529	D
Restricted share units	(6)	03/09/2026		D			67,767	(9)	(9)	Class A common shares	67,767	$ 0	2,019,762	D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Alvarado Michael C/O FIVE POINT HOLDINGS, LLC 2000 FIVEPOINT, 4TH FLOOR IRVINE, CA 92618			See Remarks

Signatures

/s/ Mike Alvarado		03/10/2026
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	Each restricted share unit is a contingent right to receive one Class A common share. This transaction represents the settlement of restricted share units in Class A common shares on their scheduled vesting date.
(2)	Represents shares withheld by the Company to satisfy tax withholding obligations in connection with the settlement of restricted share units previously granted to the reporting person. No shares were sold by the reporting person.
(3)	Represents restricted share units that vested on March 9, 2026 following certification of achievement of two milestone-based performance objectives.
(4)	Represents restricted share units that vested based upon the satisfaction of certain share price targets during the three-year performance period ending March 9, 2026.
(5)	The Class A common shares of the Company are owned by The Michael A. and Julie S. Alvarado Family Trust created u/t/d dated July 9, 2002, of which Mr. Alvarado and his wife serve as co-trustees.
(6)	Each restricted share unit is a contingent right to receive one Class A common share.
(7)	This award was granted on March 8, 2024. 66,225 restricted share units subject to the award vested on each of March 8, 2025 and March 8, 2026, and the remaining unvested restricted share units are scheduled to vest on March 8, 2027, assuming continued employment through the applicable vesting date.
(8)	This award was granted on March 9, 2023, and the award is now fully vested.
(9)	Represents restricted share units that were forfeited on March 9, 2026 following certification of achievement of certain share price targets.
Remarks: Chief Operating Officer, Chief Legal Officer, and Vice President

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