Drew Sievers - Apr 12, 2023 Form 3 Insider Report for Forge Global Holdings, Inc. (FRGE)

Role
Chief Delivery Officer
Signature
/s/ Mark P. Lee, Attorney-in-Fact
Stock symbol
FRGE
Transactions as of
Apr 12, 2023
Transactions value $
$0
Form type
3
Date filed
12/28/2023, 09:51 PM
Next filing
Jan 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding FRGE Common Stock, $0.0001 par value per share 69.5K Apr 12, 2023 Direct F1
holding FRGE Common Stock, $0.0001 par value per share 1.6M Apr 12, 2023 By Operative Capital SPV I, LLC F2
holding FRGE Common Stock, $0.0001 par value per share 678K Apr 12, 2023 By Operative Capital LP F2

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
holding FRGE Stock Options Apr 12, 2023 Common Stock, $0.0001 par value per share 625K $1.63 Direct F3
holding FRGE Warrants Apr 12, 2023 Common Stock, $0.0001 par value per share 25.1K $3.98 By Operative Capital LP F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 All such shares represent restricted stock units ("RSUs") granted on June 1, 2022 under the Forge Global Holdings, Inc. 2022 Stock Option and Incentive Plan. Each unit represents a right to receive one share of the Issuer's Common Stock. Subject to the Reporting Person's continued employment through each applicable vesting date, the RSUs vest as follows: (i) 1/3 of the RSUs vest on March 21, 2023, (ii) 1/3 of the RSUs vest on March 21, 2024, and (iii) 1/3 of the RSUs vest on March 21, 2025. RSUs that vest are issued on or as soon as practicable following the applicable vesting date.
F2 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 such entities except to the extent of his pecuniary interest therein, if any.
F3 These shares represent stock options granted under the Amended and Restated Forge Global, Inc. 2018 Equity Incentive Plan. Each stock option represents a right to acquire one share of the Issuer's Common Stock. Subject to the Reporting Person's continued services to the Issuer through each applicable vesting date, 25% of the shares subject to the award vested on May 7, 2022 and the remaining shares vest thereafter in 36 equal monthly installments.

Remarks:

Exhibit 24 - Power of Attorney