Kelly Rodriques - Oct 6, 2022 Form 4 Insider Report for Forge Global Holdings, Inc. (FRGE)

Signature
/s/ Mark P. Lee, Attorney-in-Fact
Stock symbol
FRGE
Transactions as of
Oct 6, 2022
Transactions value $
-$215,112
Form type
4
Date filed
4/19/2023, 09:04 PM
Previous filing
Jun 3, 2022
Next filing
Jun 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FRGE Common Stock, $0.0001 par value per share Gift $0 -7.5K -0.12% $0.00 6.28M Oct 6, 2022 Direct F1
transaction FRGE Common Stock, $0.0001 par value per share Tax liability $0 -79.1K -1.26% $0.00 6.2M Mar 22, 2023 Direct F2
transaction FRGE Common Stock, $0.0001 par value per share Sale -$108K -64K -1.03% $1.68 6.14M Apr 17, 2023 Direct F3, F4
transaction FRGE Common Stock, $0.0001 par value per share Sale -$30.9K -19.5K -0.32% $1.59 6.12M Apr 18, 2023 Direct F3, F5
transaction FRGE Common Stock, $0.0001 par value per share Sale -$76.5K -50.2K -0.82% $1.52 6.07M Apr 19, 2023 Direct F3, F6
* 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 Represents a gift transfer to an immediate family member of the Reporting Person who does not share the same household as the Reporting Person.
F2 Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of restricted stock units.
F3 Represents shares sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person in September 2022.
F4 This transaction was executed in multiple trades at prices ranging from $1.66 to $1.72. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F5 This transaction was executed in multiple trades at prices ranging from $1.55 to $1.69. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.
F6 This transaction was executed in multiple trades at prices ranging from $1.49 to $1.58. The price reported above reflects the weighted average sale price. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate sale price.