Alexander Ott - Jun 9, 2023 Form 4 Insider Report for ForgeRock, Inc. (FORG)

Role
Director
Signature
/s/ Samuel J. Fleischmann, by Power of Attorney for Alexander Ott
Stock symbol
FORG
Transactions as of
Jun 9, 2023
Transactions value $
-$5,846,835
Form type
4
Date filed
6/13/2023, 07:29 PM
Previous filing
May 27, 2022
Next filing
Jun 22, 2023

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 $0 +301K +2619.9% $0.00 312K Jun 9, 2023 Direct F1, F2
transaction FORG Class A Common Stock Sale -$5.85M -301K -96.32% $19.42 11.5K Jun 9, 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 Class B Common Stock Conversion of derivative security $0 -301K -33.85% $0.00 588K Jun 9, 2023 Class A Common Stock 301K Direct F1, F5
* 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 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.
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 March 10, 2023.
F4 The sale price represents the weighted average price of the shares sold ranging from $19.12 to $19.70 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.
F5 Includes 384,862 shares of Class B Common Stock received as a transfer from CrossContinental Ventures ("CCV") on November 21, 2021, of which the Reporting Person is the sole proprietor and which transfer is exempt from Section 16 reporting pursuant to Section 16a-13. In prior reports, the Reporting Person reported an indirect beneficial ownership of 384,862 shares of the Issuer's Class B Common Stock held by CCV.

Remarks:

The Plan was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) in effect at the time of adoption.