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

Role
Chief Legal Officer
Signature
Maite Garcia, attorney-in-fact for Ryan Darrah
Stock symbol
FORR
Transactions as of
Aug 1, 2023
Transactions value $
-$138,484
Form type
4
Date filed
8/3/2023, 03:08 PM
Previous filing
Mar 3, 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 Sale -$90.5K -2.84K -15.01% $31.94 16.1K Aug 1, 2023 Direct F1
transaction FORR Common Stock Options Exercise $0 +5.05K +31.43% $0.00 21.1K Aug 1, 2023 Direct F2
transaction FORR Common Stock Options Exercise -$47.9K -1.48K -7.01% $32.41 19.6K Aug 1, 2023 Direct F2, F3

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 -1.62K -100% $0.00* 0 Aug 1, 2023 common stock 1.62K $0.00 Direct F4, F5
transaction FORR Restricted Stock Units Options Exercise $0 -1.91K -50% $0.00 1.91K Aug 1, 2023 common stock 1.91K $0.00 Direct F4, F6
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 F4, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $31.81 to $32.08. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 Represents the conversion, upon vesting, of restricted stock units into common stock.
F3 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 1, 2019, August 3, 2020 and August 2, 2021. The awards include a provision for the withholding of shares by the Issuer to satisfy withholding taxes due as a result of the vesting of the awards.
F4 Each Restricted Stock Unit represents the right to receive, following vesting, one share of Forrester Research, Inc. common stock.
F5 On August 1, 2019, the reporting person was granted 6485 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date.
F6 On August 3, 2020, the reporting person was granted 7641 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments on August 1, 2021, August 1, 2022, August 1, 2023 and August 1, 2024.
F7 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.