Michael Vesey - Feb 13, 2023 Form 4 Insider Report for Forian Inc. (FORA)

Signature
/s/ Edward Spaniel, Jr., Attorney-in-Fact
Stock symbol
FORA
Transactions as of
Feb 13, 2023
Transactions value $
$0
Form type
4
Date filed
2/15/2023, 06:15 PM
Previous filing
May 13, 2022
Next filing
Jan 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORA Common Stock Award $0 +50K +125% $0.00 90K Feb 13, 2023 Direct F1

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 +185K $0.00 185K Feb 13, 2023 Common Stock 185K $3.79 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 50,000 restricted stock units ("RSU"), which vest in four equal annual installments beginning on February 13, 2024, subject to the Reporting Person's continued employment on each applicable vesting day. RSUs convert into common stock on a one-for-one basis.
F2 The stock option vests 25% on February 13, 2024, and thereafter the remaining 75% in 12 equal quarterly installments, subject to the Reporting Person's continued employment on each applicable vesting date.