Shirley Macbeth - Aug 1, 2023 Form 4 Insider Report for FORRESTER RESEARCH, INC. (FORR)

Role: Chief Marketing Officer
Signature: Maite Garcia, attorney-in-fact for Shirley Macbeth
Stock symbol: FORR
Transactions as of: Aug 1, 2023
Transactions value $: -$14,390
Form type: 4
Date filed: 8/3/2023, 03:05 PM
Previous filing: Apr 4, 2023
Next filing: Mar 5, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FORR	Common Stock	Options Exercise	$0	+1.52K	+19.59%	$0.00	9.25K	Aug 1, 2023	Direct	F1
transaction	FORR	Common Stock	Tax liability	-$14.4K	-444	-4.8%	$32.41	8.81K	Aug 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	-1.52K	-33.34%	$0.00	3.03K	Aug 1, 2023	common stock	1.52K	$0.00	Direct	F3, F4

* 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 August 1, 2023 of the restricted stock units awarded to the reporting person on August 2, 2021. 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 August 2, 2021, the reporting person was granted 6059 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments on August 1, 2022, August 1, 2023, August 1, 2024 and August 1, 2025.