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

Signature
/s/ Edward Spaniel, Jr., Attorney-in-Fact
Stock symbol
FORA
Transactions as of
Jan 12, 2024
Transactions value $
$0
Form type
4
Date filed
1/17/2024, 06:13 PM
Previous filing
Mar 24, 2023
Next filing
Feb 15, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORA Common Stock Award $0 +175K +27.23% $0.00 818K Jan 12, 2024 Direct F1
holding FORA Common Stock 1.83M Jan 12, 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 +175K $0.00 175K Jan 12, 2024 Common Stock 175K $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.