Francis C. Rosch - Aug 14, 2023 Form 4 Insider Report for ForgeRock, Inc. (FORG)

Signature
/s/ Samuel J. Fleischmann, by Power of Attorney for Francis C. Rosch
Stock symbol
FORG
Transactions as of
Aug 14, 2023
Transactions value $
-$1,063,165
Form type
4
Date filed
8/16/2023, 05:16 PM
Previous filing
Jul 12, 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 +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

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 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
* 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 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.

Remarks:

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