Drew Sievers - 24 Apr 2023 Form 4 Insider Report for Forge Global Holdings, Inc. (FRGE)

Role: Chief Delivery Officer
Signature: /s/ Mark P. Lee, Attorney-in-Fact
Issuer symbol: FRGE
Transactions as of: 24 Apr 2023
Net transactions value: $0
Form type: 4
Filing time: 18 Jan 2024, 20:37:01 UTC
Previous filing: 28 Dec 2023
Next filing: 28 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	Award	$0	+92,592	+145%	$0.000000	156,420	24 Apr 2023	Direct	F1
transaction	FRGE	Common Stock, $0.0001 par value per share	Award	$0	+30,864	+20%	$0.000000	187,284	24 Apr 2023	Direct	F2
transaction	FRGE	Common Stock, $0.0001 par value per share	Award	$0	+370,370	+198%	$0.000000	557,654	24 Apr 2023	Direct	F3
transaction	FRGE	Common Stock, $0.0001 par value per share	Award	$0	+123,456	+22%	$0.000000	681,110	24 Apr 2023	Direct	F4
holding	FRGE	Common Stock, $0.0001 par value per share						1,596,734	24 Apr 2023	By Operative Capital SPV I, LLC	F5
holding	FRGE	Common Stock, $0.0001 par value per share						677,733	24 Apr 2023	By Operative Capital LP	F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares represent restricted stock units ("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. 100% of the RSUs shall vest on January 1, 2024, subject to the Reporting Person continuing to be a service provider through such date.
F2	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 Issuer performance conditions over the Issuer's fiscal year ending December 31, 2023 (the "Fiscal Year 2023"). The Eligible RSUs shall vest no later than March 1, 2024, 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. 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.
F4	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 Eligible RSUs shall vest based on the achievement of Issuer performance conditions over the Fiscal Year 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.
F5	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.