Mark A. Morais - 18 Aug 2025 Form 4 Insider Report for Fortrea Holdings Inc. (FTRE)

Signature
/s/ James Stillman Hanson, Attorney-in-Fact for Mark A. Morais
Issuer symbol
FTRE
Transactions as of
18 Aug 2025
Net transactions value
-$39,137
Form type
4
Filing time
20 Aug 2025, 17:25:00 UTC
Previous filing
04 Jun 2025
Next filing
10 Sep 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Morais Mark A. Chief Operating Officer 8 MOORE DRIVE, DURHAM /s/ James Stillman Hanson, Attorney-in-Fact for Mark A. Morais 20 Aug 2025 0001980205

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FTRE Common Stock Options Exercise $0 +11,312 +24% $0.000000 57,861 18 Aug 2025 Direct F1
transaction FTRE Common Stock Sale $39,137 -4,886 -8.4% $8.01 52,975 19 Aug 2025 Direct F2, F3, F4
holding FTRE Common Stock 4,625 18 Aug 2025 Spouse F5

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 FTRE Restricted Stock Unit Options Exercise $0 -11,312 -11% $0.000000 88,632 18 Aug 2025 Common Stock 11,312 Direct F1, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents the right to receive, at settlement, one share of Fortrea Holdings Inc. ("Fortrea") Common Stock. This transaction represents the settlement of RSUs into Common Stock on their scheduled vesting date.
F2 The sales reported on this Form 4 represent shares of Common Stock sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
F3 This transaction was executed in multiple trades at prices ranging from $7.89 to $8.10. The price reported in column 4 above reflects the weighted average price of the shares of Common Stock sold. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F4 This number reflects the aggregate amount of Common Stock held by the reporting person.
F5 The balance reflects an indirect interest in 4,625 shares owned by the spouse of the reporting person, whom the reporting person recently married, which were inadvertently omitted from prior filings.
F6 In connection with the spin-off of Fortrea by Laboratory Corporation of America Holdings ("Labcorp"), RSUs granted by Labcorp were converted into time-vesting RSUs of Fortrea pursuant to the terms of the Employee Matters Agreement. These RSUs vested on August 17, 2025.
F7 This number reflects the aggregate number of RSUs held by the reporting person.