Rinki Sethi - 20 Sep 2021 Form 4 Insider Report for ForgeRock, Inc.

Role
Director
Signature
/s/ Samuel J. Fleischmann, by Power of Attorney for Rinki Sethi
Issuer symbol
N/A
Transactions as of
20 Sep 2021
Net transactions value
$0
Form type
4
Filing time
22 Sep 2021, 16:33:52 UTC
Previous filing
15 Sep 2021
Next filing
27 May 2022
SEC
View on sec.gov

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 FORG Stock Option (right to buy) Other $0 -63,250 -100% $0.000000* 0 20 Sep 2021 Common Stock 63,250 $16.35 Direct F1, F2, F3
transaction FORG Stock Option (right to buy) Other $0 +63,250 $0.000000 63,250 20 Sep 2021 Class B Common Stock 63,250 $16.35 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pursuant to a reclassification exempt under Rule 16b-7 (the "Reclassification"), each share of ForgeRock, Inc.'s (the "Issuer") common stock, par value $0.001 per share (the "Common Stock"), was automatically reclassified into one share of the Issuer's Class B common stock, par value $0.001 per share (the "Class B Common Stock"), immediately prior to the closing of the initial public offering (the "IPO") of the Issuer's Class A common stock, par value $0.001 per share (the "Class A Common Stock"). Each share of Class B Common Stock is convertible at any time at the option of the holder into one share of Class A Common Stock and has no expiration date. Additionally, each share of Class B Common Stock will, subject to certain conditions and exceptions, convert automatically into one share of Class A Common Stock upon any transfer.
F2 Effective upon the occurrence of the Reclassification, all stock options outstanding under the Issuer's 2012 Equity Incentive Plan (the "2012 Plan") cover shares of Class B Common Stock.
F3 Option granted under the Issuer's 2012 Plan. One forty-eighth (1/48th) of the shares subject to the option vest each month beginning on August 26, 2021, subject to Reporting Person continuing as a service provider through each such date.