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

Role: Chief Research Officer
Signature: Maite Garcia, attorney-in-fact for Sharyn Leaver
Stock symbol: FORR
Transactions as of: Mar 1, 2023
Transactions value $: -$15,562
Form type: 4
Date filed: 3/3/2023, 04:10 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	+1.62K	+27.14%	$0.00	7.57K	Mar 1, 2023	Direct	F1
transaction	FORR	Common Stock	Tax liability	-$15.6K	-471	-6.23%	$33.04	7.09K	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	-1.62K	-25.01%	$0.00	4.84K	Mar 1, 2023	common stock	1.62K	$0.00	Direct	F3, F4
transaction	FORR	Restricted Stock Units	Award	$0	+9.84K		$0.00	9.84K	Mar 1, 2023	common stock	9.84K	$0.00	Direct	F3, F5
transaction	FORR	Non-Qualified Stock Option(Right to Buy)	Award	$0	+22.7K		$0.00	22.7K	Mar 1, 2023	common stock	22.7K	$33.04	Direct	F6

* 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 is the equivalent of one share of Forrester Research, Inc. common stock.
F4	On March 1, 2022, the reporting person was granted 6,457 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 9,836 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.
F6	The Options become exercisable in four equal installments on the first, second, third, and fourth anniversaries of the grant date.