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

Role: Chief Financial Officer
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.