Key facts
- This page summarizes Rinki Sethi's Form 4 filing for ForgeRock, Inc..
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 25 Aug 2023, 16:28.
Rinki Sethi - 23 Aug 2023 Form 4 Insider Report for ForgeRock, Inc.
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 23 Aug 2023
- Net transaction value
- -$1,733,822
- SEC form
- 4
- Accepted by SEC
- 25 Aug 2023, 16:28:29 UTC
- Prior SEC filing
- 27 May 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Samuel J. Fleischmann, by Power of Attorney for Rinki Sethi
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Rinki Sethi filed Form 4 for ForgeRock, Inc. on 25 Aug 2023.
Change
- Previous filing in this sequence was filed on 27 May 2022.
- Current net transaction value: -$1,733,822.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
FORG
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $263,260
- Shares
- -11,323
- Change %
- -100%
- Price
- $23.25
- Shares after
- 0
- Date
- 23 Aug 2023
- Ownership
- Direct
- Footnotes
- F1, F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
FORG
transaction
Derivative
Stock Option (right to buy)
Disposed to Issuer
- Transaction value
- $1,470,562
- Shares
- -63,250
- Change %
- -100%
- Price
- $23.25
- Shares after
- 0
- Date
- 23 Aug 2023
- Ownership
- Direct
- Underlying class
- Class B Common Stock
- Underlying amount
- 63,250
- Exercise price
- $16.35
- Footnotes
- F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Rinki Sethi is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
Represents shares of Class A common stock that were disposed of at the effective time (the "Effective Time") of the merger (the "Merger") of Project Fortress Merger Sub, Inc. by and into ForgeRock, Inc. (the "Issuer") pursuant to an Agreement and Plan of Merger, dated October 10, 2022, by and among the Issuer, Project Fortress Parent, LLC, and Project Fortress Merger Sub, Inc. (the "Merger Agreement").
Footnote F2
In connection with the Merger, these shares were cancelled and converted into the right to receive a cash payment per share of $23.25, without interest, subject to the terms and conditions of the Merger Agreement (the "Merger Consideration").
Footnote F3
Pursuant to the terms of a stock option agreement between the Reporting Person and the Issuer, this option vested in full in connection with the Merger. At the Effective Time, this option was canceled and converted into the right to receive a cash payment equal to the difference between (a) the aggregate exercise price of this option and (b) the product of the Merger Consideration and the number of shares subject to this option.
SEC remarks
The foregoing descriptions in the footnotes to this Form 4 are qualified in their entirety by reference to the terms of the Merger Agreement. In the event of any conflict between the descriptions above and the terms set forth in the Merger Agreement, the terms set forth in the Merger Agreement shall control.