Hubert C. Chen - 01 Jan 2024 Form 4 Insider Report for Forte Biosciences, Inc. (FBRX)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
03 Jan 2024, 16:04:40 UTC
Prior SEC filing
03 Oct 2023
Next SEC filing
03 Jun 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Paul A. Wagner, Ph.D., as Attorney-in-Fact

Key filing fact

Hubert C. Chen filed Form 4 for Forte Biosciences, Inc. (FBRX) on 03 Jan 2024.

Key facts

  • This page summarizes Hubert C. Chen's Form 4 filing for Forte Biosciences, Inc. (FBRX).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 03 Jan 2024, 16:04.

Change

  • Previous filing in this sequence was filed on 03 Oct 2023.
  • Current net transaction value: -$2,525.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FBRX transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+7,500
Change %
+8.4%
Price
$0.000000
Shares after
96,478
Date
01 Jan 2024
Ownership
Direct
Footnotes
F1
FBRX transaction

Common Stock

Tax liability

Transaction value
$2,525
Shares
-3,073
Change %
-3.2%
Price
$0.8217
Shares after
93,405
Date
01 Jan 2024
Ownership
Direct
Footnotes
F2

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FBRX transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-7,500
Change %
-7.7%
Price
$0.000000
Shares after
90,000
Date
01 Jan 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
7,500
Exercise price
Footnotes
F1, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Each restricted stock unit ("RSU") represents a contingent right to receive one share of Forte Biosciences, Inc. Common Stock.

Footnote F2

On January 1, 2024, the Reporting Person's RSUs vested. The closing price of Forte Biosciences, Inc.'s Common Stock on December 29, 2023 was the settlement price used to calculate the shares withheld.

Footnote F3

Subject to the Reporting Person continuing to be a Service Provider (as defined in the 2021 Equity Incentive Plan) through each applicable vesting date, one-sixteenth (1/16th) of the RSUs subject to the award shall vest on each Quarterly Vesting Date (as defined below) on or immediately following February 1, 2023. For purposes of this RSU Award, "Quarterly Vesting Date" with respect to any calendar year means January 1, April 1, July 1, and October 1.

SEC remarks

President and Chief Scientific Officer

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