Edward Spaniel - Mar 5, 2022 Form 4 Insider Report for Forian Inc. (FORA)

Role: EVP, Gen Counsel & Secretary
Signature: /s/ Edward Spaniel, Jr.
Stock symbol: FORA
Transactions as of: Mar 5, 2022
Transactions value $: -$49,354
Form type: 4
Date filed: 2/15/2023, 06:15 PM
Next filing: May 13, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FORA	Common Stock	Tax liability	-$49.4K	-7.76K	-1.3%	$6.36	591K	Mar 5, 2022	Direct
transaction	FORA	Common Stock	Award	$0	+60K	+10.16%	$0.00	651K	Feb 13, 2023	Direct	F1
holding	FORA	Common Stock						1.83M	Mar 5, 2022	By Dublin Family Trust	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	FORA	Stock Option (right to buy)	Award	$0	+185K		$0.00	185K	Feb 13, 2023	Common Stock	185K	$3.79	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Represents 60,000 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 shares held by The Adam H. Dublin 2019 Family Trust of which the Reporting Person is co-trustee and has joint investment and dispositive power and the Reporting Person disclaims beneficial ownership of these shares.
F3	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.