Scott Chouinard - Aug 1, 2021 Form 4 Insider Report for FORRESTER RESEARCH, INC. (FORR)

Role: Chief Accounting Officer
Signature: Maite Garcia, attorney-in-fact for Scott Chouinard
Stock symbol: FORR
Transactions as of: Aug 1, 2021
Transactions value $: -$29,469
Form type: 4
Date filed: 8/4/2021, 11:21 AM
Next filing: Aug 9, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FORR	Common Stock	Options Exercise	$0	+1.38K	+52.25%	$0.00	4.02K	Aug 1, 2021	Direct	F1
transaction	FORR	Common Stock	Tax liability	-$29.5K	-629	-15.64%	$46.85	3.39K	Aug 1, 2021	Direct	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	FORR	Restricted Stock Units	Options Exercise	$0	-204	-50.12%	$0.00	203	Aug 1, 2021	common stock	204	$0.00	Direct	F3, F4, F5
transaction	FORR	Restricted Stock Units	Options Exercise	$0	-481	-33.38%	$0.00	960	Aug 1, 2021	common stock	481	$0.00	Direct	F3, F5, F6
transaction	FORR	Restricted Stock Units	Options Exercise	$0	-695	-25.02%	$0.00	2.08K	Aug 1, 2021	common stock	695	$0.00	Direct	F3, F5, F7

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the conversion, upon vesting, of restricted stock units into common stock.
F2	Represents shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting on August 1, 2021 of the restricted stock units awarded to the reporting person on August 1, 2017, August 1, 2018, September 4, 2018, August 1, 2019 and August 3, 2020. The awards include a provision for the withholding of shares by the Issuer to satisfy withholding taxes due as a result of the vesting of the awards.
F3	Each Restricted Stock Unit represents the right to receive, following vesting, one share of Forrester Research, Inc. common stock.
F4	On September 4, 2018, the reporting person was granted 815 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date.
F5	Each Restricted Stock Unit is the equivalent of one share of Forrester Research, Inc. common stock.
F6	On August 1, 2019, the reporting person was granted 1,922 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date.
F7	On August 3, 2020, the reporting person was granted 2,778 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments on August 1, 2021, August 1, 2022, August 1, 2023 and August 1, 2024.