Edward Francis Spaniel Jr. - 11 May 2022 Form 4 Insider Report for Forian Inc. (FORA)

Role
EVP and General Counsel
Signature
/s/ Edward Spaniel, Jr.
Issuer symbol
FORA
Transactions as of
11 May 2022
Net transactions value
$0
Form type
4
Filing time
13 May 2022, 19:16:43 UTC
Previous filing
15 Feb 2023
Next filing
24 Mar 2023
SEC
View on sec.gov

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 FORA Stock Option (right to buy) Award $0 +200,000 $0.000000 200,000 11 May 2022 Common Stock 200,000 $2.98 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The stock option vests 25% on May 11, 2023 and thereafter the remaining 75% in 12 equal quarterly installments, subject to the Reporting Person's continued service as EVP, General Counsel and Secretary of the Issuer on each applicable vesting date.