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3/5FRP HOLDINGS, INC. (FRPH): Auditor change

Filed 2026-05-15 · Form 8-K · Accession 0000844059-26-000071 small

Market data

Price before filing: $21.98 (2026-05-14 close, split/dividend-adjusted)
Market cap at flag: $418.9M (2026-05-15) · Latest: $367.4M (2026-10-16)

What happened next

Window	FRPH	SPY	vs SPY
30 days	+6.8%	+0.9%	+5.9%	2026-06-15
90 days	+0.7%	+4.2%	-3.5%	2026-08-13
180 days	pending	pending		until 2026-11-11

Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.

Insider trading around this filing

90 days before the flag: 1 insider bought $10.0M (1 purchase)
30 days after: none reported.

Date	Insider	Type	Shares	Price	Value	10b5-1 plan	Source
2026-03-23	BAKER JOHN D II Director, 10% owner	Purchase	478,468	$20.90	$10.0M	no	Form 4
2026-05-15: red flag filed

Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2026-02-14 to 2026-06-14. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.

Verified excerpt

"In light of the appointment of Forvis Mazars, Baker Tilly was dismissed as the Company's independent registered public accounting firm, effective as of May 15, 2026."

Quoted from the filing. Source

What this means

The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.

Type: dismissed
Disagreements reported: no
Former auditor: Baker Tilly US, LLP · New auditor: Forvis Mazars, LLP

Read the original filing on SEC.gov →