| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FORG | Class A Common Stock | Conversion of derivative security | +50K | +9.16% | 596K | Aug 14, 2023 | Direct | F1, F2 | ||
| transaction | FORG | Class A Common Stock | Sale | -$1.06M | -50K | -8.39% | $21.26 | 546K | Aug 14, 2023 | Direct | F2, F3, F4 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | FORG | Stock Option (right to buy) | Options Exercise | $0 | -50K | -1.92% | $0.00 | 2.56M | Aug 14, 2023 | Class B Common Stock | 50K | $3.60 | Direct | F1, F5 |
| transaction | FORG | Class B Common Stock | Options Exercise | $0 | +50K | +25.6% | $0.00 | 245K | Aug 14, 2023 | Class A Common Stock | 50K | Direct | F1 | |
| transaction | FORG | Class B Common Stock | Conversion of derivative security | $0 | -50K | -20.38% | $0.00 | 195K | Aug 14, 2023 | Class A Common Stock | 50K | Direct | F1 |
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).
| 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 7, 2023. |
| F4 | The sale price represents the weighted average price of the shares sold ranging from $21.05 to $21.67 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 | This option is fully vested and immediately exercisable. |
The Plan was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) in effect at the time of adoption.