Ryan Darrah - 01 Apr 2025 Form 4 Insider Report for FORRESTER RESEARCH, INC. (FORR)

Role: Chief Legal Officer
Signature: Maite Garcia, attorney-in-fact for Ryan Darrah
Issuer symbol: FORR
Transactions as of: 01 Apr 2025
Net transactions value: -$15,257
Form type: 4
Filing time: 03 Apr 2025, 09:51:01 UTC
Previous filing: 04 Mar 2025
Next filing: 05 Aug 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FORR	Common Stock	Options Exercise	$0	+3,901	+18%	$0.000000	25,347	01 Apr 2025	Direct	F1
transaction	FORR	Common Stock	Tax liability	$15,257	-1,630	-6.4%	$9.36	23,717	01 Apr 2025	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FORR	Restricted Stock Units	Options Exercise	$0	-3,901	-25%	$0.000000	11,701	01 Apr 2025	common stock	3,901	$0.000000	Direct	F3, F4
transaction	FORR	Restricted Stock Units	Award	$0	+21,666		$0.000000	21,666	01 Apr 2025	common stock	21,666	$0.000000	Direct	F3, F5
transaction	FORR	Non Qualified Stock Options (Right to Buy)	Award	$0	+23,333		$0.000000	23,333	01 Apr 2025	common stock	23,333	$9.36	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the conversion, upon vesting, of restricted stock units into common stock.
F2	Represents shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting on April 1, 2025 of the restricted stock units awarded to the reporting person on April 1, 2024. The award includes a provision for the withholding of shares by the Issuer to satisfy withholding taxes due as a result of the vesting of the award.
F3	Each Restricted Stock Unit is the equivalent of one share of Forrester Research, Inc. common stock.
F4	On April 1, 2024, the reporting person was granted 15,602 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date.
F5	On April 1, 2025, the reporting person was granted 21,666 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date.
F6	The Options become exercisable in four equal installments on the first, second, third, and fourth anniversaries of the grant date.