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

Role
Exec Chairman, CEO & President, Director
Signature
/s/ Edward Spaniel, Jr., Attorney-in-Fact
Stock symbol
FORA
Transactions as of
Feb 13, 2023
Transactions value $
$19,300
Form type
4
Date filed
2/15/2023, 06:15 PM
Next filing
Aug 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORA Common Stock Award $0 +200K +18.6% $0.00 1.28M Feb 13, 2023 Direct F1
transaction FORA Common Stock Purchase $19.3K +5K +0.39% $3.86 1.28M Feb 14, 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.