Drew Sievers - 26 Dec 2023 Form 4 Insider Report for Forge Global Holdings, Inc. (FRGE)

Signature
/s/ Mark P. Lee, Attorney-in-Fact
Issuer symbol
FRGE
Transactions as of
26 Dec 2023
Net transactions value
$0
Form type
4
Filing time
28 Dec 2023, 21:59:27 UTC
Previous filing
18 Jan 2024
Next filing
18 Jan 2024

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 Other $0 +11,312 +1.7% $0.000000 689,045 26 Dec 2023 By Operative Capital LP F1, F2
holding FRGE Common Stock, $0.0001 par value per share 69,467 26 Dec 2023 Direct F3
holding FRGE Common Stock, $0.0001 par value per share 1,596,734 26 Dec 2023 By Operative Capital SPV I, LLC
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Pro rata distribution from a partial release of an indemnity escrow relating to a transaction of the Issuer's predecessor completed on November 9, 2020.
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 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. All RSUs that vest shall be issued on or as soon as practicable following the applicable vesting date.