Michael Vesey - Sep 2, 2021 Form 4 Insider Report for Forian Inc. (FORA)

Role
Chief Financial Officer
Signature
/s/ Edward Spaniel, Jr., Attorney-in-Fact
Stock symbol
FORA
Transactions as of
Sep 2, 2021
Transactions value $
$0
Form type
4
Date filed
9/10/2021, 02:06 PM
Previous filing
May 7, 2021
Next filing
May 13, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORA Restricted Stock Units Award $0 +40K $0.00 40K Sep 2, 2021 Direct F1

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
transaction FORA Stock Option (right to buy) Award $0 +350K $0.00 350K Sep 2, 2021 Common Stock 350K $10.62 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 40,000 restricted stock units which vest in four equal annual installments beginning September 2, 2022, subject to the Reporting Person's continued employment with the Issuer on each applicable vesting date.
F2 The stock option vests 25% on September 2, 2022 and 75% in equal quarterly installments through September 2, 2025, subject to the Reporting Person's continued employment with the Issuer on each applicable vesting date.