Johnathan H. Short - 22 Mar 2023 Form 4 Insider Report for Forge Global Holdings, Inc. (FRGE)

Role
Chief Legal Officer
Signature
/s/ Johnathan S. Short
Issuer symbol
FRGE
Transactions as of
22 Mar 2023
Net transactions value
$0
Form type
4
Filing time
26 Apr 2023, 21:53:42 UTC
Previous filing
13 Dec 2022
Next filing
19 Dec 2023
SEC
View on sec.gov

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 Tax liability $0 -4,014 -0.44% $0.000000 911,898 22 Mar 2023 Direct F1
transaction FRGE Common Stock, $0.0001 par value per share Award $0 +370,370 +41% $0.000000 1,282,268 24 Apr 2023 Direct F2
transaction FRGE Common Stock, $0.0001 par value per share Award $0 +123,456 +9.6% $0.000000 1,405,724 24 Apr 2023 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 ("RSUs").
F2 These shares represent RSUs granted under the Forge Global Holdings, Inc. 2022 Stock Option and Incentive Plan (the "Plan"). Each unit represents a right to receive one share of the Issuer's Common Stock. 1/3rd of the RSUs shall vest on January 1, 2024, and the remaining RSUs shall vest over 24 equal monthly installments thereafter, subject to the Reporting Person continuing to be a service provider through such date.
F3 These shares represent RSUs granted under the Plan. Each unit represents a right to receive one share of the Issuer's Common Stock. Up to 100% of the RSUs shall vest (the "Eligible RSUs") based on the achievement of Company performance conditions over the Company's fiscal year ending December 31, 2023. 1/3rd of the Eligible RSUs shall vest no later than March 1, 2024 (the "Initial Vesting Date"), and the remaining Eligible RSUs shall vest over 24 equal monthly installments thereafter, subject to the Reporting Person continuing to be a service provider through each such date; provided that any monthly installments of Eligible RSUs pre-dating the Initial Vesting Date shall also vest on the Initial Vesting Date.