Ryan Darrah - Mar 1, 2023 Form 4 Insider Report for FORRESTER RESEARCH, INC. (FORR)

Role: Chief Legal Officer
Signature: Maite Garcia, attorney-in-fact for Ryan Darrah
Stock symbol: FORR
Transactions as of: Mar 1, 2023
Transactions value $: -$12,820
Form type: 4
Date filed: 3/3/2023, 04:01 PM
Previous filing: Aug 3, 2022
Next filing: Aug 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FORR	Common Stock	Options Exercise	$0	+1.37K	+7.63%	$0.00	19.3K	Mar 1, 2023	Direct	F1
transaction	FORR	Common Stock	Tax liability	-$12.8K	-388	-2.01%	$33.04	18.9K	Mar 1, 2023	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	-1.37K	-25%	$0.00	4.1K	Mar 1, 2023	common stock	1.37K	$0.00	Direct	F3, F4
transaction	FORR	Restricted Stock Units	Award	$0	+8.32K		$0.00	8.32K	Mar 1, 2023	common stock	8.32K	$0.00	Direct	F3, F5

* 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 March 1, 2023 of the restricted stock units awarded to the reporting person on March 1, 2022. The award includes a provision for the withholding of shares by the Issuer to satisfy withholding taxes due as a result of the vesting of the award.
F3	Each Restricted Stock Unit represents the right to receive, following vesting, one share of Forrester Research, Inc. common stock.
F4	On March 1, 2022 the reporting person was granted 5,463 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	On March 1, 2023 the reporting person was granted 8,323 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.