# Five Point Holdings, LLC
> Alpha governed public record. Unknown, unavailable, and unpublished values are never inferred as zero.
## Record
| Field | Value |
| --- | --- |
| Representation | alpha-profile-markdown-v4 |
| Protocol | Alpha Governance Facts Protocol 0.1 |
| Schema | alpha.governance.entity.public.v1 |
| Record version | public-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce |
| Governance record representation | alpha-governance-record-v2 |
| Canonical entity | alpha:company:b5d96410-51a6-4070-a2bb-018cdb20eba4 |
| Entity type | Company |
| Canonical URL | https://registry.alpha.ac/companies/five-point-holdings-llc |
| Publication | PUBLISHED |
| Verification | source_reported |
| Verification schema | alpha-verification-states-v1 |
| Ownership | unclaimed |
| Published claims | 29 |
| Claims under review | 1 |
| Evidence records | 7 |
| Conflicts | 0 |
| Conflicts in internal review | 0 |
| Observed | 2026-10-15T04:46:15.111471+00:00 |
| Last reviewed | 2026-10-15T04:46:15.111471+00:00 |
## Identity
- Legal name: Five Point Holdings, LLC
- Display name: Five Point Holdings, LLC
## Alpha Governance Record
| Field | Value |
| --- | --- |
| Governance Record schema | alpha-governance-record-v2 |
| Ontology | alpha-governance-ontology-v1 |
| Record version | public-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce |
| As of | 2026-10-15T06:42:37.532311+00:00 |
| Completeness | 0.409 |
| Record Quality | 0.841 |
| Directors | 9 |
| Committees | 3 |
| Governance events | 13 |
| Entity class | public_company |
## Section coverage
| Section | State |
| --- | --- |
| identity | PUBLISHED |
| corporate_structure | NOT_REVIEWED |
| board | PUBLISHED |
| committees | PUBLISHED |
| leadership | PUBLISHED |
| ownership | NOT_REVIEWED |
| financials | NOT_REVIEWED |
| capital_structure | PUBLISHED |
| compensation | NOT_REVIEWED |
| governance | NOT_REVIEWED |
| shareholder_governance | NOT_REVIEWED |
| audit | NOT_REVIEWED |
| legal | NOT_REVIEWED |
| risk | NOT_REVIEWED |
| cyber | NOT_REVIEWED |
| ai_governance | NOT_REVIEWED |
| agent_governance | RESTRICTED |
| markets_external | NOT_REVIEWED |
| events | PUBLISHED |
| relationships | PUBLISHED |
| assessments | PUBLISHED |
| evidence | PUBLISHED |
## Board
- Emile Haddad: Director. Status: current. Independent: NOT_PUBLISHED. Since: 2009-01-01. claim_id=alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:5
- Gary Hunt: Director. Status: current. Independent: NOT_PUBLISHED. Since: 2016-01-01. claim_id=alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:6
- Jonathan Foster: Director. Status: current. Independent: NOT_PUBLISHED. Since: 2016-01-01. Committees: Nominating and Corporate Governance Committee (member). claim_id=alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:7
- Kathleen Brown: Director. Status: current. Independent: NOT_PUBLISHED. Since: 2016-01-01. Committees: Audit Committee (member). claim_id=alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:8
- Michael Rossi: Director. Status: current. Independent: NOT_PUBLISHED. Since: 2016-01-01. Committees: Compensation Committee (member); Nominating and Corporate Governance Committee (chair). claim_id=alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:9
- Michael Winer: Director. Status: current. Independent: NOT_PUBLISHED. Since: 2009-01-01. Committees: Audit Committee (member); Compensation Committee (chair); Nominating and Corporate Governance Committee (member). claim_id=alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:10
- Sam Levinson: Director. Status: current. Independent: NOT_PUBLISHED. Since: 2021-01-01. Committees: Compensation Committee (member). claim_id=alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:11
- Stuart Miller: Director. Status: current. Independent: NOT_PUBLISHED. Since: 2026-04-24. claim_id=alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:12
- William Browning: Director. Status: current. Independent: NOT_PUBLISHED. Since: 2016-01-01. Committees: Audit Committee (chair). claim_id=alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:13
## Committees
- Audit Committee (audit). Chair: William Browning. Members: William Browning (chair, current); Kathleen Brown (member, current); Michael Winer (member, current). committee_id=alpha:committee:five-point-holdings-llc:audit-committee
- Compensation Committee (compensation). Chair: Michael Winer. Members: Michael Winer (chair, current); Michael Rossi (member, current); Sam Levinson (member, current). committee_id=alpha:committee:five-point-holdings-llc:compensation-committee
- Nominating and Corporate Governance Committee (nominating_governance). Chair: Michael Rossi. Members: Michael Rossi (chair, current); Jonathan Foster (member, current); Michael Winer (member, current). committee_id=alpha:committee:five-point-holdings-llc:nominating-and-corporate-governance-committee
## Executive leadership
- Daniel Hedigan: President and Chief Executive Officer [CEO]. Status: current. claim_id=alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:14
- Greg McWilliams: Chief Policy Officer. Status: current. claim_id=alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:15
- Kim Tobler: Chief Financial Officer, Treasurer and Vice President [CFO]. Status: current. claim_id=alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:16
- Michael Alvarado: Chief Operating Officer, Chief Legal Officer and Vice President [GC]. Status: current. claim_id=alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:17
## Governance events
- DIRECTOR_APPOINTED: Stuart Miller seat on Five Point Holdings, LLC, effective 2026-04-24. Effective: 2026-04-24. Detected: 2026-10-15T04:46:15.111471+00:00. event_id=alpha:event:transition:kfhyqr1uhxac5
- CEO_CHANGED: Daniel Hedigan executive of Five Point Holdings, LLC, effective 2026-03-06. Effective: 2026-03-06. Detected: 2026-10-15T04:46:15.111471+00:00. event_id=alpha:event:transition:1lwum841oj6ypw
- EXECUTIVE_APPOINTED: Greg McWilliams executive of Five Point Holdings, LLC, effective 2026-03-06. Effective: 2026-03-06. Detected: 2026-10-15T04:46:15.111471+00:00. event_id=alpha:event:transition:4hl3aof7rz7s
- CFO_CHANGED: Kim Tobler executive of Five Point Holdings, LLC, effective 2026-03-06. Effective: 2026-03-06. Detected: 2026-10-15T04:46:15.111471+00:00. event_id=alpha:event:transition:1jinfyo8e5dpu
- GC_CHANGED: Michael Alvarado executive of Five Point Holdings, LLC, effective 2026-03-06. Effective: 2026-03-06. Detected: 2026-10-15T04:46:15.111471+00:00. event_id=alpha:event:transition:pel3n0rfawyo
- DIRECTOR_APPOINTED: Sam Levinson seat on Five Point Holdings, LLC, effective 2021-01-01. Effective: 2021-01-01. Detected: 2026-10-15T04:46:15.111471+00:00. event_id=alpha:event:transition:1padhv51piubw3
- DIRECTOR_APPOINTED: Gary Hunt seat on Five Point Holdings, LLC, effective 2016-01-01. Effective: 2016-01-01. Detected: 2026-10-15T04:46:15.111471+00:00. event_id=alpha:event:transition:1myjn1sy1b7x
- DIRECTOR_APPOINTED: Jonathan Foster seat on Five Point Holdings, LLC, effective 2016-01-01. Effective: 2016-01-01. Detected: 2026-10-15T04:46:15.111471+00:00. event_id=alpha:event:transition:1wm9xfq1ykw29k
- DIRECTOR_APPOINTED: Kathleen Brown seat on Five Point Holdings, LLC, effective 2016-01-01. Effective: 2016-01-01. Detected: 2026-10-15T04:46:15.111471+00:00. event_id=alpha:event:transition:xgisah8rp8pr
- DIRECTOR_APPOINTED: Michael Rossi seat on Five Point Holdings, LLC, effective 2016-01-01. Effective: 2016-01-01. Detected: 2026-10-15T04:46:15.111471+00:00. event_id=alpha:event:transition:ly003qvdz4xe
- DIRECTOR_APPOINTED: William Browning seat on Five Point Holdings, LLC, effective 2016-01-01. Effective: 2016-01-01. Detected: 2026-10-15T04:46:15.111471+00:00. event_id=alpha:event:transition:1b3f5ft1i57hu1
- DIRECTOR_APPOINTED: Emile Haddad seat on Five Point Holdings, LLC, effective 2009-01-01. Effective: 2009-01-01. Detected: 2026-10-15T04:46:15.111471+00:00. event_id=alpha:event:transition:57jxe61ezj10s
- DIRECTOR_APPOINTED: Michael Winer seat on Five Point Holdings, LLC, effective 2009-01-01. Effective: 2009-01-01. Detected: 2026-10-15T04:46:15.111471+00:00. event_id=alpha:event:transition:1dzrn0ujeu4wg
## Scoped resources
- `alpha://company/five-point-holdings-llc` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record
- `alpha://company/five-point-holdings-llc/identity` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=identity
- `alpha://company/five-point-holdings-llc/corporate-structure` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=corporate-structure
- `alpha://company/five-point-holdings-llc/board` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=board
- `alpha://company/five-point-holdings-llc/committees` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=committees
- `alpha://company/five-point-holdings-llc/leadership` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=leadership
- `alpha://company/five-point-holdings-llc/ownership` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=ownership
- `alpha://company/five-point-holdings-llc/financials` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=financials
- `alpha://company/five-point-holdings-llc/capital-structure` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=capital-structure
- `alpha://company/five-point-holdings-llc/compensation` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=compensation
- `alpha://company/five-point-holdings-llc/governance` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=governance
- `alpha://company/five-point-holdings-llc/shareholder-governance` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=shareholder-governance
- `alpha://company/five-point-holdings-llc/audit` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=audit
- `alpha://company/five-point-holdings-llc/legal` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=legal
- `alpha://company/five-point-holdings-llc/risk` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=risk
- `alpha://company/five-point-holdings-llc/cyber` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=cyber
- `alpha://company/five-point-holdings-llc/ai-governance` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=ai-governance
- `alpha://company/five-point-holdings-llc/agents` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=agents
- `alpha://company/five-point-holdings-llc/ecosystem` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=ecosystem
- `alpha://company/five-point-holdings-llc/events` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=events
- `alpha://company/five-point-holdings-llc/relationships` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=relationships
- `alpha://company/five-point-holdings-llc/assessments` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=assessments
- `alpha://company/five-point-holdings-llc/evidence` (contract): https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record§ion=evidence
## Role modules
- NOT_ASSERTED
## Attention
- NO_RECORDS_FOUND
## Committee data
- Claim alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:19: `{"kind":"committee_appointment","original_name":"Audit Committee","category":"audit","role":"chair","person":{"alpha_id":"alpha:person:william-browning-fph","name":"William Browning"},"source_id":"governance_people_committees"}`
- Claim alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:20: `{"kind":"committee_appointment","original_name":"Audit Committee","category":"audit","role":"member","person":{"alpha_id":"alpha:person:kathleen-brown-fph","name":"Kathleen Brown"},"source_id":"governance_people_committees"}`
- Claim alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:21: `{"kind":"committee_appointment","original_name":"Audit Committee","category":"audit","role":"member","person":{"alpha_id":"alpha:person:michael-winer-fph","name":"Michael Winer"},"source_id":"governance_people_committees"}`
- Claim alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:23: `{"kind":"committee_appointment","original_name":"Compensation Committee","category":"compensation","role":"chair","person":{"alpha_id":"alpha:person:michael-winer-fph","name":"Michael Winer"},"source_id":"governance_people_committees"}`
- Claim alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:24: `{"kind":"committee_appointment","original_name":"Compensation Committee","category":"compensation","role":"member","person":{"alpha_id":"alpha:person:michael-rossi-fph","name":"Michael Rossi"},"source_id":"governance_people_committees"}`
- Claim alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:25: `{"kind":"committee_appointment","original_name":"Compensation Committee","category":"compensation","role":"member","person":{"alpha_id":"alpha:person:sam-levinson-fph","name":"Sam Levinson"},"source_id":"governance_people_committees"}`
- Claim alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:27: `{"kind":"committee_appointment","original_name":"Nominating and Corporate Governance Committee","category":"nominating_governance","role":"chair","person":{"alpha_id":"alpha:person:michael-rossi-fph","name":"Michael Rossi"},"source_id":"governance_people_committees"}`
- Claim alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:28: `{"kind":"committee_appointment","original_name":"Nominating and Corporate Governance Committee","category":"nominating_governance","role":"member","person":{"alpha_id":"alpha:person:jonathan-foster-fph","name":"Jonathan Foster"},"source_id":"governance_people_committees"}`
- Claim alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:29: `{"kind":"committee_appointment","original_name":"Nominating and Corporate Governance Committee","category":"nominating_governance","role":"member","person":{"alpha_id":"alpha:person:michael-winer-fph","name":"Michael Winer"},"source_id":"governance_people_committees"}`
## Leadership
- Emile Haddad: Director. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:5. Valid from: 2009-01-01. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:d49ee7dbc58e4dc7ff04ff095a1e53375e06dc9153a0c4a398ac7abdc5332093.
- Gary Hunt: Director. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:6. Valid from: 2016-01-01. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:d49ee7dbc58e4dc7ff04ff095a1e53375e06dc9153a0c4a398ac7abdc5332093.
- Jonathan Foster: Director. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:7. Valid from: 2016-01-01. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:d49ee7dbc58e4dc7ff04ff095a1e53375e06dc9153a0c4a398ac7abdc5332093.
- Kathleen Brown: Director. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:8. Valid from: 2016-01-01. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:d49ee7dbc58e4dc7ff04ff095a1e53375e06dc9153a0c4a398ac7abdc5332093.
- Michael Rossi: Director. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:9. Valid from: 2016-01-01. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:d49ee7dbc58e4dc7ff04ff095a1e53375e06dc9153a0c4a398ac7abdc5332093.
- Michael Winer: Director. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:10. Valid from: 2009-01-01. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:d49ee7dbc58e4dc7ff04ff095a1e53375e06dc9153a0c4a398ac7abdc5332093.
- Sam Levinson: Director. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:11. Valid from: 2021-01-01. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:d49ee7dbc58e4dc7ff04ff095a1e53375e06dc9153a0c4a398ac7abdc5332093.
- Stuart Miller: Director. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:12. Valid from: 2026-04-24. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:d49ee7dbc58e4dc7ff04ff095a1e53375e06dc9153a0c4a398ac7abdc5332093.
- William Browning: Director. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:13. Valid from: 2016-01-01. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:d49ee7dbc58e4dc7ff04ff095a1e53375e06dc9153a0c4a398ac7abdc5332093.
- Daniel Hedigan: President and Chief Executive Officer. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:14. Valid from: 2026-03-06. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:93a972465c69e6498054c107b647e9e3a3a408fe31d95cb4647cb0f4d324a9a4.
- Greg McWilliams: Chief Policy Officer. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:15. Valid from: 2026-03-06. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:40a46ef2d62c677ff1018e487c2f361c24341b7811ad54128f697f51b7ad5cb0.
- Kim Tobler: Chief Financial Officer, Treasurer and Vice President. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:16. Valid from: 2026-03-06. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:468bf06c39a7dc8fb4a437fcb6bd3e54a5e09a5eb0e330b9c1c2db205f728ec9.
- Michael Alvarado: Chief Operating Officer, Chief Legal Officer and Vice President. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:leadership_role:17. Valid from: 2026-03-06. Valid to: NOT_ASSERTED. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:document:9bc9d39712b1747b561a014a5762a25043462b80d6c1e55ed90ece37e49cfe74.
## Roles
- PUBLISHED
## Governance
- NOT_ASSERTED
## Board committees
- Audit Committee: Chair William Browning; Members William Browning (Chair); Kathleen Brown; Michael Winer. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_record:18. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:af8070ded736471744f8540190ba81b7f1c09a04ac33459a069acfb7fd7a9316.
- Compensation Committee: Chair Michael Winer; Members Michael Winer (Chair); Michael Rossi; Sam Levinson. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_record:22. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:af8070ded736471744f8540190ba81b7f1c09a04ac33459a069acfb7fd7a9316.
- Nominating and Corporate Governance Committee: Chair Michael Rossi; Members Michael Rossi (Chair); Jonathan Foster; Michael Winer. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_record:26. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:af8070ded736471744f8540190ba81b7f1c09a04ac33459a069acfb7fd7a9316.
## Financials
- NOT_ASSERTED
## Workforce
- NOT_ASSERTED
## Market and index context
- PUBLISHED
## Legal Name
- Five Point Holdings, LLC. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:legal_name:1. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:4ccc1c4a560c183b09dd282fc5b3238c56690795dc682efda8d9a81c9b418c85.
## Entity Status
- Public listing published. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:entity_status:3. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:4ccc1c4a560c183b09dd282fc5b3238c56690795dc682efda8d9a81c9b418c85.
## Published Fact
- US. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:published_fact:4. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:4ccc1c4a560c183b09dd282fc5b3238c56690795dc682efda8d9a81c9b418c85.
## Committee Appointment
- William Browning: chair, Audit Committee. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:19. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:af8070ded736471744f8540190ba81b7f1c09a04ac33459a069acfb7fd7a9316.
- Kathleen Brown: member, Audit Committee. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:20. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:af8070ded736471744f8540190ba81b7f1c09a04ac33459a069acfb7fd7a9316.
- Michael Winer: member, Audit Committee. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:21. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:af8070ded736471744f8540190ba81b7f1c09a04ac33459a069acfb7fd7a9316.
- Michael Winer: chair, Compensation Committee. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:23. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:af8070ded736471744f8540190ba81b7f1c09a04ac33459a069acfb7fd7a9316.
- Michael Rossi: member, Compensation Committee. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:24. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:af8070ded736471744f8540190ba81b7f1c09a04ac33459a069acfb7fd7a9316.
- Sam Levinson: member, Compensation Committee. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:25. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:af8070ded736471744f8540190ba81b7f1c09a04ac33459a069acfb7fd7a9316.
- Michael Rossi: chair, Nominating and Corporate Governance Committee. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:27. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:af8070ded736471744f8540190ba81b7f1c09a04ac33459a069acfb7fd7a9316.
- Jonathan Foster: member, Nominating and Corporate Governance Committee. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:28. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:af8070ded736471744f8540190ba81b7f1c09a04ac33459a069acfb7fd7a9316.
- Michael Winer: member, Nominating and Corporate Governance Committee. Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:committee_appointment:29. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:af8070ded736471744f8540190ba81b7f1c09a04ac33459a069acfb7fd7a9316.
## Security Listing
- FPH (NYSE). Claim: alpha:claim:company:b5d96410-51a6-4070-a2bb-018cdb20eba4:security_listing:30. Publication: PUBLISHED. Verification: source_reported. Assertion: source_reported. Evidence: alpha:projection-evidence:4ccc1c4a560c183b09dd282fc5b3238c56690795dc682efda8d9a81c9b418c85.
## Coverage states
| Field | Value |
| --- | --- |
| Identity | PUBLISHED |
| Business | PUBLISHED |
| Leadership | PUBLISHED |
| Board and committees | PUBLISHED |
| Governance | NOT_ASSERTED |
| Financials | NOT_ASSERTED |
| Workforce | NOT_ASSERTED |
| Ownership | NOT_ASSERTED |
| Ratings | NOT_PUBLISHED |
| Market and index context | PUBLISHED |
## Public sources
- alpha:projection-evidence:4ccc1c4a560c183b09dd282fc5b3238c56690795dc682efda8d9a81c9b418c85: [Alpha canonical company public projection](https://www.alpha.ac/api/public/companies/five-point-holdings-llc).
- alpha:projection-evidence:document:d49ee7dbc58e4dc7ff04ff095a1e53375e06dc9153a0c4a398ac7abdc5332093: [DEF 14A fph-20260424.htm](https://www.sec.gov/Archives/edgar/data/1574197/000157419726000016/fph-20260424.htm).
- alpha:projection-evidence:document:93a972465c69e6498054c107b647e9e3a3a408fe31d95cb4647cb0f4d324a9a4: [FPH 10-K executive officers](https://www.sec.gov/Archives/edgar/data/1574197/000157419726000005/fph-20251231.htm).
- alpha:projection-evidence:document:40a46ef2d62c677ff1018e487c2f361c24341b7811ad54128f697f51b7ad5cb0: [FPH 10-K executive officers](https://www.sec.gov/Archives/edgar/data/1574197/000157419726000005/fph-20251231.htm).
- alpha:projection-evidence:document:468bf06c39a7dc8fb4a437fcb6bd3e54a5e09a5eb0e330b9c1c2db205f728ec9: [FPH 10-K executive officers](https://www.sec.gov/Archives/edgar/data/1574197/000157419726000005/fph-20251231.htm).
- alpha:projection-evidence:document:9bc9d39712b1747b561a014a5762a25043462b80d6c1e55ed90ece37e49cfe74: [FPH 10-K executive officers](https://www.sec.gov/Archives/edgar/data/1574197/000157419726000005/fph-20251231.htm).
- alpha:projection-evidence:af8070ded736471744f8540190ba81b7f1c09a04ac33459a069acfb7fd7a9316: [Audit Committee](https://www.sec.gov/Archives/edgar/data/1574197/000157419726000016/fph-20260424.htm).
## Rights
| Field | Value |
| --- | --- |
| public_retrieval | allowed |
| agent_retrieval | allowed |
| redistribution | not_granted |
| model_training | not_granted |
| commercial_use | not_specified |
| relationship_pathfinding | not_granted |
| direct_contact | not_granted |
## Limitations
- Absence of a leadership role, committee, or disclosure is not evidence that it does not exist.
- Only explicitly published canonical company identity and current confirmed public roles are included.
- Absence of a board, committee, executive, listing, or claim is not evidence that it does not exist.
- Public retrieval does not grant redistribution, model-training, direct-contact, or relationship-pathfinding rights.
- This Company Profile is an identity and evidence record, not an Alpha rating.
## Alternate representations
- [Canonical profile](https://registry.alpha.ac/companies/five-point-holdings-llc)
- [Public Markdown](https://registry.alpha.ac/companies/five-point-holdings-llc.md)
- [Public JSON](https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=record)
- [JSON-LD](https://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=jsonld)
- MCP resource: `alpha://companies/five-point-holdings-llc` at https://mcp.alpha.ac/mcp
## Connected governance records
Only explicitly published, rights-cleared records. Missing records do not establish absence, safety, or complete coverage.
## Critical-risk oversight
Snapshot as of 2026-10-15T06:42:37.358485+00:00; recorded 2026-10-15T06:42:37.358485+00:00. Every published assignment for this snapshot is listed.
Only explicitly reviewed, rights-cleared assignments in effect on the as-of date, in the company's own wording.
An assignment shows where oversight is placed, not whether it is effective. Missing records do not establish absence.Five Point Holdings, LLC, for agents
The same record as the human view, as a structured object any agent can read and cite. Reading is open to every agent, model, and tool, with no key and no account. Signing and transparency logging are not yet published for this record.
- Alpha ID
- alpha:company:b5d96410-51a6-4070-a2bb-018cdb20eba4
- Version
- vpublic-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ceRecorded Oct 15, 2026
- Content hash
- Not yet signed
- Signature
- Not yet signed
- Transparency log
- Not yet signed
- Freshness
- ObservedChecked Oct 15, 2026. Reviewed Oct 15, 2026
- Read access
- OpenNo key for public retrieval
- Processing basis
- Public recordDoctrine
Read
OpenOne canonical URL. The Accept header or a file suffix selects the format. Every format renders the same Claims and carries the same record version.
curl -H "Accept: application/json" https://registry.alpha.ac/companies/five-point-holdings-llcTrustCheck and Governance Receipts
Agent tierIllustrative. TrustChecks run in the private enterprise overlay. The example below is generated for this entity class and does not reference this record. Contract: TrustCheck and Governance Receipts v0.1.
Agents about to act ask a question, not for a document. A TrustCheck evaluates the AuthorityGrant objects behind a proposed action and returns allow, deny, require_approval, or insufficient_evidence. The source system acts, and a GovernanceReceipt records what the agent relied on.
- allow, deny
- The AuthorityGrant and policy decide. Reason codes name the rule.
- require_approval
- An entitled human records the decision. Customer policy sets the threshold, never an Eval.
- insufficient_evidence
- No authority is registered. Alpha never infers permission to act.
curl https://www.alpha.ac/v1/action-intents \
-H 'Content-Type: application/json' \
-b "$ALPHA_SESSION_COOKIE" \
-d '{
"schema_version": "2026-08-29",
"environment": "test",
"actor": { "alpha_id": "alpha:account:self", "type": "alpha_account" },
"principal": { "alpha_id": "alpha:company:example-issuer", "type": "organization" },
"organization": { "alpha_id": "alpha:company:example-issuer", "type": "organization" },
"proposed_action": { "type": "purchase_order.commit", "description": "Accept an order placed by an agent claiming company authority." },
"requested_authority": ["purchase_order.commit"]
}'
# then
curl https://www.alpha.ac/v1/trust-checks -H 'Content-Type: application/json' \
-b "$ALPHA_SESSION_COOKIE" -d '{ "action_intent_id": "<from the previous response>" }'{
"schema_version": "2026-08-29",
"trust_check_id": "alpha:trust-check:illustrative-0001",
"decision": "insufficient_evidence",
"explanation": "No AuthorityGrant names this agent and organization.",
"reason_codes": [
"authority_grant_missing"
],
"evaluated_authority": {
"authority_grants": []
},
"policy_version": "trustcheck.registry-claim.test.v0.1",
"integrity_state": "recorded",
"limitations": [
"Illustrative example. No TrustCheck was run for this record."
]
}{
"schema_version": "2026-08-29",
"receipt_id": "alpha:receipt:illustrative-0001",
"environment": "test",
"actor": {
"alpha_id": "alpha:account:self",
"type": "alpha_account"
},
"agent": {
"provider": {
"alpha_id": "alpha:company:example-agent-provider",
"type": "provider"
},
"product": {
"alpha_id": "alpha:agent-product:example-procurement-agent",
"type": "agent_product"
},
"deployment": {
"alpha_id": "alpha:agent-deployment:example-deployment",
"type": "agent_deployment"
},
"use_case": {
"alpha_id": "alpha:agent-use-case:example-purchase-order",
"type": "agent_use_case"
},
"workflow": "Illustrative purchase order commitment"
},
"principal": {
"alpha_id": "alpha:company:example-issuer",
"type": "organization"
},
"sponsor": {
"alpha_id": "alpha:company:example-issuer",
"type": "organization"
},
"action_intent_id": "alpha:action-intent:illustrative-0001",
"trust_check_id": "alpha:trust-check:illustrative-0001",
"authority_grant_references": [],
"action_intent": {
"type": "purchase_order.commit"
},
"affected_alpha_ids": [
"alpha:company:example-issuer"
],
"trust_check_decision": "insufficient_evidence",
"policy_version": "trustcheck.registry-claim.test.v0.1",
"rule_references": [
{
"reason_code": "authority_grant_missing",
"rule_id": "trustcheck.authority_grant_missing",
"policy_ref": "trustcheck.registry-claim.test.v0.1",
"control_ref": null,
"grant_policy_references": []
}
],
"integrity": "Illustrative. Not issued, not signed."
}Connect
Open readEvery surface reads the same published record. No surface holds its own copy of the facts.
// claude_desktop_config.json, Cursor, or any MCP client
{
"mcpServers": {
"alpha": { "url": "https://mcp.alpha.ac/mcp" }
}
}
// This record as an MCP resource
alpha://companies/five-point-holdings-llcalpha://companies/five-point-holdings-llcThis record as an MCP resourcehttps://registry.alpha.ac/api/public/companies/five-point-holdings-llc?format=recordThe same record over HTTP
Subscribe to changes
Agent tier, previewNo public subscription endpoint is published yet. Event delivery is part of Agent tier access, in preview. Access and availability.
DIRECTOR_APPOINTEDDerived governance event published on this record (alpha-governance-event-derivation-v2)CEO_CHANGEDDerived governance event published on this record (alpha-governance-event-derivation-v2)EXECUTIVE_APPOINTEDDerived governance event published on this record (alpha-governance-event-derivation-v2)CFO_CHANGEDDerived governance event published on this record (alpha-governance-event-derivation-v2)GC_CHANGEDDerived governance event published on this record (alpha-governance-event-derivation-v2)
{
"specversion": "1.0",
"type": "ac.alpha.registry.DIRECTOR_APPOINTED",
"source": "https://registry.alpha.ac/companies/five-point-holdings-llc",
"subject": "alpha:company:b5d96410-51a6-4070-a2bb-018cdb20eba4",
"data": {
"record_version": "public-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce",
"note": "Subscription delivery is Agent tier, preview. Not yet available publicly."
}
}Versions and changes
OpenRecords are versioned. Derived governance events on this record are listed below with the version that publishes them. Effective is the world time the derivation states; Recorded is when Alpha detected the event. Content hashes and log entries appear once records are signed.
| Version | Effective | Recorded | Content hash | Log entry | What changed |
|---|---|---|---|---|---|
| vpublic-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce | Apr 24, 2026 | Oct 15, 2026 | Not yet signed | Not yet signed | Stuart Miller seat on Five Point Holdings, LLC, effective 2026-04-24. |
| vpublic-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce | Mar 6, 2026 | Oct 15, 2026 | Not yet signed | Not yet signed | Daniel Hedigan executive of Five Point Holdings, LLC, effective 2026-03-06. |
| vpublic-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce | Mar 6, 2026 | Oct 15, 2026 | Not yet signed | Not yet signed | Greg McWilliams executive of Five Point Holdings, LLC, effective 2026-03-06. |
| vpublic-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce | Mar 6, 2026 | Oct 15, 2026 | Not yet signed | Not yet signed | Kim Tobler executive of Five Point Holdings, LLC, effective 2026-03-06. |
| vpublic-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce | Mar 6, 2026 | Oct 15, 2026 | Not yet signed | Not yet signed | Michael Alvarado executive of Five Point Holdings, LLC, effective 2026-03-06. |
| vpublic-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce | Jan 1, 2021 | Oct 15, 2026 | Not yet signed | Not yet signed | Sam Levinson seat on Five Point Holdings, LLC, effective 2021-01-01. |
| vpublic-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce | Jan 1, 2016 | Oct 15, 2026 | Not yet signed | Not yet signed | Gary Hunt seat on Five Point Holdings, LLC, effective 2016-01-01. |
| vpublic-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce | Jan 1, 2016 | Oct 15, 2026 | Not yet signed | Not yet signed | Jonathan Foster seat on Five Point Holdings, LLC, effective 2016-01-01. |
| vpublic-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce | Jan 1, 2016 | Oct 15, 2026 | Not yet signed | Not yet signed | Kathleen Brown seat on Five Point Holdings, LLC, effective 2016-01-01. |
| vpublic-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce | Jan 1, 2016 | Oct 15, 2026 | Not yet signed | Not yet signed | Michael Rossi seat on Five Point Holdings, LLC, effective 2016-01-01. |
| vpublic-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce | Jan 1, 2016 | Oct 15, 2026 | Not yet signed | Not yet signed | William Browning seat on Five Point Holdings, LLC, effective 2016-01-01. |
| vpublic-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce | Jan 1, 2009 | Oct 15, 2026 | Not yet signed | Not yet signed | Emile Haddad seat on Five Point Holdings, LLC, effective 2009-01-01. |
| vpublic-1:d751713988987e9331980363e24189ce:ro-d751713988987e9331980363e24189ce | Jan 1, 2009 | Oct 15, 2026 | Not yet signed | Not yet signed | Michael Winer seat on Five Point Holdings, LLC, effective 2009-01-01. |
Access, rights, and the public-role doctrine
Facts are open. Rights travel with every Claim and every Evidence record, so an agent sees the same terms whichever format it reads.
| Capability | Access | Agents |
|---|---|---|
| Alpha Disclosure sample | public | human process |
| Alpha public website | public | retrievable now |
| Alpha Standard, methodology, and research | public | retrievable now |
| Alpha Profiles (public executive and company records) | public | retrievable now |
| Public HTTP endpoints described by OpenAPI 3.1 | public | retrievable now |
| Alpha MCP public discovery and read-only capabilities | public | retrievable now |
| Alpha AI Readiness Eval | public | human process |
| Alpha Platform | approved access | requires approved access |
| Alpha API (authenticated operations) | approved access | requires approved access |
| Alpha MCP premium capabilities | approved access | requires approved access |
| Alpha Evals and verified assessments | custom | human process |
| Alpha Council membership | custom | human process |
| Alpha Institute education, workshops, and coaching | custom | human process |
| Governance diagnostics and institutional advisory | custom | human process |
Record limitations. Every representation states these in the same words; nothing is inferred as zero.
- Absence of a leadership role, committee, or disclosure is not evidence that it does not exist.
- Only explicitly published canonical company identity and current confirmed public roles are included.
- Absence of a board, committee, executive, listing, or claim is not evidence that it does not exist.
- Public retrieval does not grant redistribution, model-training, direct-contact, or relationship-pathfinding rights.
- This Company Profile is an identity and evidence record, not an Alpha rating.
"rights": {
"public_retrieval": "allowed",
"agent_retrieval": "allowed",
"redistribution": "not_granted",
"model_training": "not_granted",
"commercial_use": "not_specified",
"relationship_pathfinding": "not_granted",
"direct_contact": "not_granted"
}
"evidence_rights": {
"evidence_records": 7,
"redistribution_allowed": 0,
"restricted_or_unknown": 7,
"classified_unknown": 7
}"data_subject": {
"basis": "public_record",
"entity": "alpha:company:b5d96410-51a6-4070-a2bb-018cdb20eba4",
"identity_ownership": "unclaimed",
"rights": {
"public_retrieval": "allowed",
"agent_retrieval": "allowed",
"redistribution": "not_granted",
"model_training": "not_granted",
"commercial_use": "not_specified",
"relationship_pathfinding": "not_granted",
"direct_contact": "not_granted"
},
"requests": "https://www.alpha.ac/contact"
}How agents find this
OpenThe page head and every response carry rel="alternate" links and the Registry's Link header. The list below is generated from the same list the server emits.
/.well-known/ai-catalog.jsonAlpha Agentic Resource Discovery manifest/.well-known/api-catalogapi-catalog/.well-known/webmcp.jsonAlpha WebMCP tool discovery/openapi.jsonAlpha Governance Public Intelligence API (OpenAPI 3.1)/apiAlpha Intelligence API/developersAlpha Governance Developer Platform/docs/trustcheck-receipts-v01.mdTrustCheck and Governance Receipts v0.1 test preview/docs/apiAlpha service documentation/llms.txtAlpha service docs for AI agents/agents.mdAlpha agent instructions (when to use Alpha)/api-versioning.mdAlpha public API versioning and deprecation policy/.well-known/agent-skills/index.jsonAgent Skills Index/products/accessAlpha Access and Availability/api/public/product-accessAlpha Product Access and Availability JSON/api/public/auth-capabilitiesAlpha Authentication Capabilities JSON/peopleAlpha Executive Profiles/companiesAlpha Company Profiles/people/readinessAlpha Profile Coverage and Agent Readiness/api/public/profile-readinessAlpha Public Profile Readiness JSON/api/public/profiles/steven-wolfe-pereiraAlpha Public Profile JSON Example/.well-known/agent-card.jsonA2A Agent Card/.well-known/mcp/server-card.jsonMCP Server Card/.well-known/openid-configurationOpenID Configuration/.well-known/oauth-protected-resourceOAuth Protected Resource/.well-known/oauth-authorization-serverOAuth Authorization Server (agent_auth)/.well-known/agent-registrationAgent Registration/.well-known/http-message-signatures-directoryhttp-message-signatures-directory/.well-known/jwks-rotationJWKS Rotation Policy/auth.mdAgent Authentication/llms.txtSite overview for AI agents/sitemap.xmlsitemap/api/public/agent-readinessAgent Readiness Status/api/public/company-report/osw-market-dataOSW Market Data Verification
Record map and assertion states
| Section | Anchor | Resource | State | Claims |
|---|---|---|---|---|
| Identity | #c-subject | /identity | Published | 0 |
| Corporate structure | - | /corporate_structure | Not reviewed | - |
| Board | #c-board | /board | Published | 9 |
| Committees | #c-committees | /committees | Published | 12 |
| Leadership | #c-leadership | /leadership | Published | 4 |
| Ownership | #c-control | /ownership | Not reviewed | 0 |
| Financials | #c-financials | /financials | Not reviewed | 1 |
| Capital structure | - | /capital_structure | Published | - |
| Compensation | #c-comp | /compensation | Not reviewed | 0 |
| Governance | #c-governance | /governance | Not reviewed | 0 |
| Shareholder governance | - | /shareholder_governance | Not reviewed | - |
| Audit | - | /audit | Not reviewed | - |
| Legal | #c-legal | /legal | Not reviewed | 0 |
| Risk | #c-risk | /risk | Not reviewed | 0 |
| Cyber | - | /cyber | Not reviewed | - |
| AI governance | #c-ai | /ai_governance | Not reviewed | 0 |
| Agent governance | #c-authority | /agent_governance | Restricted | 0 |
| Markets external | - | /markets_external | Not reviewed | - |
| Events | #c-history | /events | Published | 13 |
| Relationships | #c-links | /relationships | Published | 13 |
| Assessments | #c-monitor | /assessments | Published | 0 |
| Evidence | #c-evidence | /evidence | Published | 7 |
- corroboratedTwo or more independent sources agree
- source_reportedOne cited source states it
- alpha_inferenceAlpha's conclusion, with reasoning
- not_disclosedSearched, nothing found. Never rendered as false
- not_reviewedNot yet searched
- not_registeredNo authority registered with Alpha

