Peter M. Barker - 27 Mar 2023 Form 4 Insider Report for ForgeRock, Inc.

Role
Chief Product Officer & EVP
Signature
/s/ Samuel J. Fleischmann, by Power of Attorney for Peter M. Barker
Issuer symbol
N/A
Transactions as of
27 Mar 2023
Net transactions value
-$1,986,293
Form type
4
Filing time
29 Mar 2023, 16:44:58 UTC
Previous filing
22 Mar 2023
Next filing
03 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORG Class A Common Stock Conversion of derivative security +24,521 +27% 115,762 27 Mar 2023 Direct F1
transaction FORG Class A Common Stock Conversion of derivative security +72,917 +63% 188,679 27 Mar 2023 Direct F1
transaction FORG Class A Common Stock Sale $1,986,293 -97,438 -52% $20.39 91,241 27 Mar 2023 Direct F2, F3, F4

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) Options Exercise $0 -24,521 -100% $0.000000* 0 27 Mar 2023 Class B Common Stock 24,521 $3.60 Direct F1, F5
transaction FORG Class B Common Stock Options Exercise $0 +24,521 $0.000000 24,521 27 Mar 2023 Class A Common Stock 24,521 Direct F1
transaction FORG Class B Common Stock Conversion of derivative security $0 -24,521 -100% $0.000000* 0 27 Mar 2023 Class A Common Stock 24,521 Direct F1
transaction FORG Stock Option (right to buy) Options Exercise $0 -72,917 -74% $0.000000 25,000 27 Mar 2023 Class B Common Stock 72,917 $4.83 Direct F1, F6
transaction FORG Class B Common Stock Options Exercise $0 +72,917 $0.000000 72,917 27 Mar 2023 Class A Common Stock 72,917 Direct F1
transaction FORG Class B Common Stock Conversion of derivative security $0 -72,917 -100% $0.000000* 0 27 Mar 2023 Class A Common Stock 72,917 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-for-one basis at the Reporting Person's election and has no expiration date.
F2 The sale transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 1, 2022.
F3 The sale price represents the weighted average price of the shares sold ranging from $20.31 to $20.415 per share. Upon request by the Commission staff, ForgeRock, Inc. (the "Issuer") or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F4 Certain of these securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
F5 This option is fully vested and immediately exercisable.
F6 Twenty-five percent (25%) of the shares subject to the option vested on March 1, 2021; thereafter, the remaining number of shares subject to the option vest in equal monthly installments over the following thirty-six (36) months, subject to the Reporting Person continuing as a service provider through each such date.