Kelly Rodriques - Dec 4, 2023 Form 4 Insider Report for Forge Global Holdings, Inc. (FRGE)

Role
Chief Executive Officer, Director
Signature
/s/ Mark P. Lee, Attorney-in-Fact
Stock symbol
FRGE
Transactions as of
Dec 4, 2023
Transactions value $
-$157,700
Form type
4
Date filed
12/6/2023, 09:12 PM
Previous filing
Dec 19, 2023
Next filing
Dec 28, 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 Sale -$158K -50K -0.47% $3.15 10.5M Dec 4, 2023 Direct F1, F2
holding FRGE Common Stock, $0.0001 par value per share 66.9K Dec 4, 2023 By Pensco Trust Co. LLC Custodian FBO Kelly Rodriques Roth IRA
holding FRGE Common Stock, $0.0001 par value per share 1.6M Dec 4, 2023 By Operative Capital SPV I, LLC F3
holding FRGE Common Stock, $0.0001 par value per share 678K Dec 4, 2023 By Operative Capital LP F3
* 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 shares sold pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person.
F2 This transaction was executed in multiple trades at prices ranging from $3.03 to $3.30. The price reported above reflects the volume 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 price.
F3 The Reporting Person is a managing member of the ultimate general partner of each of Operative Capital LP and Operative Capital SPV I, LLC and thus may be deemed to be the beneficial owner of the shares held by such entities. The Reporting Person disclaims beneficial ownership of all securities held by Operative LP and Operative SPV 1 except to the extent of his pecuniary interest therein, if any.