Edward Francis Spaniel Jr. - 12 Jan 2024 Form 4 Insider Report for Forian Inc. (FORA)

Role
EVP, Gen Counsel & Secretary
Signature
/s/ Edward Spaniel, Jr., Attorney-in-Fact
Issuer symbol
FORA
Transactions as of
12 Jan 2024
Net transactions value
$0
Form type
4
Filing time
17 Jan 2024, 18:13:03 UTC
Previous filing
24 Mar 2023
Next filing
15 Feb 2024
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 +175,000 +27% $0.000000 817,661 12 Jan 2024 Direct F1
holding FORA Common Stock 1,831,526 12 Jan 2024 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 +175,000 $0.000000 175,000 12 Jan 2024 Common Stock 175,000 $2.67 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 175,000 restricted stock units ("RSU"), which vest in four equal annual installments beginning on January 12, 2025. 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 January 12, 2025, and thereafter the remaining 75% vests in 12 equal quarterly installments.