Peter K. Angstadt Jr. - Dec 7, 2022 Form 4 Insider Report for ForgeRock, Inc. (FORG)

Role
Chief Revenue Officer
Signature
/s/ Samuel J. Fleischmann, by Power of Attorney for Peter K. Angstadt, Jr.
Stock symbol
FORG
Transactions as of
Dec 7, 2022
Transactions value $
-$3,212,858
Form type
4
Date filed
12/9/2022, 03:30 PM
Previous filing
Feb 23, 2022
Next filing
Feb 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FORG Class A Common Stock Conversion of derivative security +75K +61.65% 197K Dec 7, 2022 Direct F1
transaction FORG Class A Common Stock Sale -$1.6M -75K -38.14% $21.37 122K Dec 7, 2022 Direct F2
transaction FORG Class A Common Stock Conversion of derivative security +75K +61.65% 197K Dec 8, 2022 Direct F1
transaction FORG Class A Common Stock Sale -$1.61M -75K -38.14% $21.47 122K Dec 8, 2022 Direct F3

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 FORG Stock Option (right to buy) Options Exercise $0 -75K -43.36% $0.00 98K Dec 7, 2022 Class B Common Stock 75K $3.72 Direct F1, F4
transaction FORG Class B Common Stock Options Exercise $0 +75K $0.00 75K Dec 7, 2022 Class A Common Stock 75K Direct F1
transaction FORG Class B Common Stock Conversion of derivative security $0 -75K -100% $0.00* 0 Dec 7, 2022 Class A Common Stock 75K Direct F1
transaction FORG Stock Option (right to buy) Options Exercise $0 -75K -21.68% $0.00 271K Dec 8, 2022 Class B Common Stock 75K $3.72 Direct F1, F5
transaction FORG Class B Common Stock Options Exercise $0 +75K $0.00 75K Dec 8, 2022 Class A Common Stock 75K Direct F1
transaction FORG Class B Common Stock Conversion of derivative security $0 -75K -100% $0.00* 0 Dec 8, 2022 Class A Common Stock 75K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of Class B Common Stock is convertible at any time into Class A Common Stock on a one-for-one basis at the Reporting Person's election and has no expiration date.
F2 The sale price represents the weighted average price of the shares sold ranging from $21.35 to $21.43 per share. Upon request by the Commission staff, ForgeRock, Inc. (the "Issuer") or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F3 The sale price represents the weighted average price of the shares sold ranging from $21.405 to $21.51 per share. Upon request by the Commission staff, the Issuer or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.
F4 Option granted under the Issuer's 2012 Equity Incentive Plan (the "2012 Plan") and is subject to performance vesting requirements. The shares underlying this option vest, subject to the Reporting Person continuing as a Service Provider, upon the satisfaction of certain performance-based conditions, provided that such performance-based conditions occur prior to December 22, 2028. The performance-based conditions are based on the Issuer achieving certain performance targets. The performance-based conditions were satisfied as to 50% on July 23, 2020.
F5 Option granted under the Issuer's 2012 Plan. Twenty-five percent (25%) of the shares subject to the option vested on December 17, 2019; thereafter, the remaining number of shares subject to the option vest in equal monthly installments over the following thirty-six (36) months, subject to the Reporting Person continuing as a Service Provider through each such date.