CHANG LEONARD R. (Sr. Managing Dir./Head of M&A) exercised options at FOCUS FINANCIAL PARTNERS INC.

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 1 exercise

CHANG LEONARD R.

Filed: 9/1/2023ACC: 0001104659-23-097891

InsiderCHANG LEONARD R.CIK 1796968

→

IssuerFOCUS FINANCIAL PARTNERS INC.CIK 1651052

Officer· Sr. Managing Dir./Head of M&A

Since Dec 2019

-2.33M

Net shares

Net seller

$50.23M

Total sold

Open market trades

0B · 0S

Total transactions

1.87M acquired · 4.21M disposed

Non-Derivative Transactions2

Class A Common Stock, $0.01 par value

Direct

M · Option Exercise

+947.64K

Price / share

—

Trade value

—

% of position

New position

8/31/2023

0.00→947.64K

Class A Common Stock, $0.01 par value

Direct

D · Disposition

−947.64K

Price / share

$53.00

Trade value

$50.23M

% of position

New position

8/31/2023

947.64K→0.00

Total

Net shares

+0.00

Net value

-$50.23M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Class A Common Stock, $0.01 par value Direct	8/31/2023	M · Option Exercise	+947.64K	—	—	New position	0.00	947.64K
Class A Common Stock, $0.01 par value Direct	8/31/2023	D · Disposition	−947.64K	$53.00	$50.23M	New position	947.64K	0.00
Total			+0.00		-$50.23M

Derivative Transactions18

Common Units in Focus Financial Partners, LLC

Direct

F · Tax Withholding

Converts to

Class A Common Stock, $0.01 par value

12.09K shares

−12.09K

Strike price

Held after

21.22K

Exercisable

—

8/31/2023

Incentive Units in Focus Financial Partners, LLC

Direct

D · Disposition

Converts to

Common Units in Focus Financial Partners, LLC

−249.98K

Strike price

33.00

Held after

350.02K

Exercisable

—

8/31/2023

Incentive Units in Focus Financial Partners, LLC

Direct

M · Option Exercise

Converts to

Common Units in Focus Financial Partners, LLC

132.08K shares

−350.02K

Strike price

33.00

Held after

249.98K

Exercisable

—

8/31/2023

Incentive Units in Focus Financial Partners, LLC

Direct

D · Disposition

Converts to

Common Units in Focus Financial Partners, LLC

−249.98K

Strike price

33.00

Held after

0.00

Exercisable

—

8/31/2023

Incentive Units in Focus Financial Partners, LLC

Direct

M · Option Exercise

Converts to

Common Units in Focus Financial Partners, LLC

5.26K shares

−7.54K

Strike price

16.00

Held after

0.00

Exercisable

—

8/31/2023

Incentive Units in Focus Financial Partners, LLC

Direct

M · Option Exercise

Converts to

Common Units in Focus Financial Partners, LLC

117.89K shares

−142K

Strike price

9.00

Held after

0.00

Exercisable

—

8/31/2023

Incentive Units in Focus Financial Partners, LLC

Direct

M · Option Exercise

Converts to

Common Units in Focus Financial Partners, LLC

51.51K shares

−65K

Strike price

11.00

Held after

0.00

Exercisable

—

8/31/2023

Incentive Units in Focus Financial Partners, LLC

Direct

M · Option Exercise

Converts to

Common Units in Focus Financial Partners, LLC

37.74K shares

−50K

Strike price

13.00

Held after

0.00

Exercisable

—

8/31/2023

Incentive Units in Focus Financial Partners, LLC

Direct

M · Option Exercise

Converts to

Common Units in Focus Financial Partners, LLC

32.08K shares

−50K

Strike price

19.00

Held after

0.00

Exercisable

—

8/31/2023

Incentive Units in Focus Financial Partners, LLC

Direct

M · Option Exercise

Converts to

Common Units in Focus Financial Partners, LLC

275.49K shares

−456.28K

Strike price

21.00

Held after

0.00

Exercisable

—

8/31/2023

Incentive Units in Focus Financial Partners, LLC

Direct

M · Option Exercise

Converts to

Common Units in Focus Financial Partners, LLC

84.96K shares

−145.25K

Strike price

22.00

Held after

0.00

Exercisable

—

8/31/2023

Incentive Units in Focus Financial Partners, LLC

Direct

M · Option Exercise

Converts to

Common Units in Focus Financial Partners, LLC

66.90K shares

−144.72K

Strike price

28.50

Held after

0.00

Exercisable

—

8/31/2023

Incentive Units in Focus Financial Partners, LLC

Direct

M · Option Exercise

Converts to

Common Units in Focus Financial Partners, LLC

101.36K shares

−214.03K

Strike price

27.90

Held after

0.00

Exercisable

—

8/31/2023

Incentive Units in Focus Financial Partners, LLC

Direct

M · Option Exercise

Converts to

Common Units in Focus Financial Partners, LLC

10.36K shares

−66.21K

Strike price

44.71

Held after

0.00

Exercisable

—

8/31/2023

Incentive Units in Focus Financial Partners, LLC

Direct

M · Option Exercise

Converts to

Common Units in Focus Financial Partners, LLC

10.80K shares

−37.16K

Strike price

37.59

Held after

0.00

Exercisable

—

8/31/2023

Common Units in Focus Financial Partners, LLC

Direct

M · Option Exercise

Converts to

Class A Common Stock, $0.01 par value

926.42K shares

+926.42K

Strike price

Held after

947.64K

Exercisable

—

8/31/2023

Common Units in Focus Financial Partners, LLC

Direct

M · Option Exercise

Converts to

Class A Common Stock, $0.01 par value

947.64K shares

−947.64K

Strike price

Held after

0.00

Exercisable

—

8/31/2023

Incentive Units in Focus Financial Partners, LLC

Direct

D · Disposition

Converts to

Class A Common Stock, $0.01 par value

−73.35K

Strike price

58.50

Held after

0.00

Exercisable

—

8/31/2023

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Common Units in Focus Financial Partners, LLC Direct	Class A Common Stock, $0.01 par value12.09K shares	8/31/2023	F · Tax Withholding	−12.09K		—	21.22K
Incentive Units in Focus Financial Partners, LLC Direct	Common Units in Focus Financial Partners, LLC	8/31/2023	D · Disposition	−249.98K	33.00	—	350.02K
Incentive Units in Focus Financial Partners, LLC Direct	Common Units in Focus Financial Partners, LLC132.08K shares	8/31/2023	M · Option Exercise	−350.02K	33.00	—	249.98K
Incentive Units in Focus Financial Partners, LLC Direct	Common Units in Focus Financial Partners, LLC	8/31/2023	D · Disposition	−249.98K	33.00	—	0.00
Incentive Units in Focus Financial Partners, LLC Direct	Common Units in Focus Financial Partners, LLC5.26K shares	8/31/2023	M · Option Exercise	−7.54K	16.00	—	0.00
Incentive Units in Focus Financial Partners, LLC Direct	Common Units in Focus Financial Partners, LLC117.89K shares	8/31/2023	M · Option Exercise	−142K	9.00	—	0.00
Incentive Units in Focus Financial Partners, LLC Direct	Common Units in Focus Financial Partners, LLC51.51K shares	8/31/2023	M · Option Exercise	−65K	11.00	—	0.00
Incentive Units in Focus Financial Partners, LLC Direct	Common Units in Focus Financial Partners, LLC37.74K shares	8/31/2023	M · Option Exercise	−50K	13.00	—	0.00
Incentive Units in Focus Financial Partners, LLC Direct	Common Units in Focus Financial Partners, LLC32.08K shares	8/31/2023	M · Option Exercise	−50K	19.00	—	0.00
Incentive Units in Focus Financial Partners, LLC Direct	Common Units in Focus Financial Partners, LLC275.49K shares	8/31/2023	M · Option Exercise	−456.28K	21.00	—	0.00
Incentive Units in Focus Financial Partners, LLC Direct	Common Units in Focus Financial Partners, LLC84.96K shares	8/31/2023	M · Option Exercise	−145.25K	22.00	—	0.00
Incentive Units in Focus Financial Partners, LLC Direct	Common Units in Focus Financial Partners, LLC66.90K shares	8/31/2023	M · Option Exercise	−144.72K	28.50	—	0.00
Incentive Units in Focus Financial Partners, LLC Direct	Common Units in Focus Financial Partners, LLC101.36K shares	8/31/2023	M · Option Exercise	−214.03K	27.90	—	0.00
Incentive Units in Focus Financial Partners, LLC Direct	Common Units in Focus Financial Partners, LLC10.36K shares	8/31/2023	M · Option Exercise	−66.21K	44.71	—	0.00
Incentive Units in Focus Financial Partners, LLC Direct	Common Units in Focus Financial Partners, LLC10.80K shares	8/31/2023	M · Option Exercise	−37.16K	37.59	—	0.00
Common Units in Focus Financial Partners, LLC Direct	Class A Common Stock, $0.01 par value926.42K shares	8/31/2023	M · Option Exercise	+926.42K		—	947.64K
Common Units in Focus Financial Partners, LLC Direct	Class A Common Stock, $0.01 par value947.64K shares	8/31/2023	M · Option Exercise	−947.64K		—	0.00
Incentive Units in Focus Financial Partners, LLC Direct	Class A Common Stock, $0.01 par value	8/31/2023	D · Disposition	−73.35K	58.50	—	0.00