Alexander Ott - Jun 20, 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 20, 2023
Transactions value $: -$1,903,107
Form type: 4
Date filed: 6/22/2023, 04:21 PM
Previous filing: Jun 13, 2023
Next filing: Aug 25, 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	+99K	+861.69%	$0.00	110K	Jun 20, 2023	Direct	F1, F2
transaction	FORG	Class A Common Stock	Sale	-$1.9M	-99K	-89.6%	$19.22	11.5K	Jun 20, 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	-99K	-16.83%	$0.00	489K	Jun 20, 2023	Class A Common Stock	99K		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	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 $19.32 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.

Remarks:

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