Signature
/s/ Gladys Chang as Attorney-in-Fact
Issuer symbol
FRA
Transactions as of
30 Jan 2026
Net transactions value
+$107,632
Form type
4
Filing time
03 Feb 2026, 17:53:10 UTC
Previous filing
04 Feb 2025
Next filing
05 Feb 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Delbos David Portfolio Manager 50 HUDSON YARDS, NEW YORK /s/ Gladys Chang as Attorney-in-Fact 03 Feb 2026 0001743894

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FRA Common Stock Options Exercise +6,828 +22% 38,176 30 Jan 2026 Direct F1, F2
transaction FRA Common Stock Disposed to Issuer $80,296 -6,828 -18% $11.76 31,348 30 Jan 2026 Direct F1, 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 FRA Phantom Shares Award $187,927 +15,980 $11.76 15,980 30 Jan 2026 Common Stock 15,980 Direct F1, F3
transaction FRA Phantom Shares Options Exercise -6,828 -33% 13,656 30 Jan 2026 Common Stock 6,828 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash.
F2 As previously reported on a Form 4 dated February 4, 2025, the Reporting Person was granted phantom shares on January 31, 2025 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
F3 These phantom shares vest in equal installments on each of the first three anniversaries of the award.