Peter M. Barker - Apr 1, 2023 Form 4 Insider Report for ForgeRock, Inc. (FORG)

Role
Chief Product Officer & EVP
Signature
/s/ Samuel J. Fleischmann, by Power of Attorney for Peter M. Barker
Stock symbol
FORG
Transactions as of
Apr 1, 2023
Transactions value $
-$42,868
Form type
4
Date filed
4/3/2023, 09:18 PM
Previous filing
Mar 29, 2023
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORG Class A Common Stock Award $0 +129K +141.42% $0.00 220K Apr 1, 2023 Direct F1
transaction FORG Class A Common Stock Conversion of derivative security +2.08K +0.95% 222K Apr 3, 2023 Direct F2
transaction FORG Class A Common Stock Sale -$42.9K -2.08K -0.94% $20.58 220K Apr 3, 2023 Direct 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 -2.08K -8.33% $0.00 22.9K Apr 3, 2023 Class B Common Stock 2.08K $4.83 Direct F2, F5
transaction FORG Class B Common Stock Options Exercise $0 +2.08K $0.00 2.08K Apr 3, 2023 Class A Common Stock 2.08K Direct F2
transaction FORG Class B Common Stock Conversion of derivative security $0 -2.08K -100% $0.00* 0 Apr 3, 2023 Class A Common Stock 2.08K Direct F2
* 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 The reported securities represent restricted stock units ("RSUs"), 25% of which will vest on May 20, 2024 and 1/16th of the RSUs shall vest quarterly thereafter in equal installments, subject to the Reporting Person's continued service through each vesting date.
F2 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.
F3 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.
F4 Certain of these securities are 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 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.