Max C. Wygod - 13 Feb 2023 Form 4 Insider Report for Forian Inc. (FORA)

Role
Exec Chairman, CEO & President, Director
Signature
/s/ Edward Spaniel, Jr., Attorney-in-Fact
Issuer symbol
FORA
Transactions as of
13 Feb 2023
Net transactions value
+$19,300
Form type
4
Filing time
15 Feb 2023, 18:15:49 UTC
Next filing
16 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORA Common Stock Award $0 +200,000 +19% $0.000000 1,275,523 13 Feb 2023 Direct F1
transaction FORA Common Stock Purchase $19,300 +5,000 +0.39% $3.86 1,280,523 14 Feb 2023 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 200,000 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. In the event of a change in control, all unvested RSUs will vest immediately. RSUs convert into common stock on a one-for-one basis.
F2 The price represents the weighted average purchase price for multiple transactions reported on this line. The prices of the transactions ranged from $3.82 to $4.01, inclusive. Upon request of the SEC staff or the issuer, the reporting person will provide full information regarding the number of shares purchased at each separate price.