Sarah Le Roy - May 1, 2023 Form 4 Insider Report for FORRESTER RESEARCH, INC. (FORR)

Role
Chief People Officer
Signature
Maite Garcia, attorney-in-fact for Sarah Le Roy
Stock symbol
FORR
Transactions as of
May 1, 2023
Transactions value $
-$20,622
Form type
4
Date filed
5/2/2023, 02:30 PM
Previous filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORR Common Stock Options Exercise $0 +2.27K $0.00 2.27K May 1, 2023 Direct F1
transaction FORR Common Stock Tax liability -$20.6K -665 -29.32% $31.01 1.6K May 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 -2.27K -25% $0.00 6.8K May 1, 2023 common stock 2.27K $0.00 Direct F3, F4, 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 May 1, 2023 of the restricted stock units awarded to the reporting person on May 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 May 2, 2022, the reporting person was granted 9,071 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments on May 1, 2023, May 1, 2024, May 1, 2025 and May 1, 2026.
F5 Each Restricted Stock Unit is the equivalent of one share of Forrester Research, Inc. common stock.