Peter M. Barker - Mar 6, 2023 Form 4 Insider Report for ForgeRock, Inc. (FORG)

Role
Chief Product Officer & EVP
Signature
/s/ Samuel J. Fleischmann, by Power of Attorney for Peter M. Barker
Stock symbol
FORG
Transactions as of
Mar 6, 2023
Transactions value $
-$2,472,860
Form type
4
Date filed
3/8/2023, 04:08 PM
Previous filing
Feb 22, 2023
Next filing
Mar 16, 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 +100K +89.83% 211K Mar 6, 2023 Direct F1
transaction FORG Class A Common Stock Conversion of derivative security +2.08K +0.99% 213K Mar 6, 2023 Direct F1
transaction FORG Class A Common Stock Sale -$2.47M -122K -57.24% $20.24 91.2K Mar 6, 2023 Direct F2, F3, F4

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 -100K -30.81% $0.00 225K Mar 6, 2023 Class B Common Stock 100K $3.60 Direct F1, F5
transaction FORG Class B Common Stock Options Exercise $0 +100K $0.00 100K Mar 6, 2023 Class A Common Stock 100K Direct F1
transaction FORG Class B Common Stock Conversion of derivative security $0 -100K -100% $0.00* 0 Mar 6, 2023 Class A Common Stock 100K Direct F1
transaction FORG Stock Option (right to buy) Options Exercise $0 -2.08K -2.08% $0.00 97.9K Mar 6, 2023 Class B Common Stock 2.08K $4.83 Direct F1, F6
transaction FORG Class B Common Stock Options Exercise $0 +2.08K $0.00 2.08K Mar 6, 2023 Class A Common Stock 2.08K Direct F1
transaction FORG Class B Common Stock Conversion of derivative security $0 -2.08K -100% $0.00* 0 Mar 6, 2023 Class A Common Stock 2.08K 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 transaction reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 1, 2022.
F3 The sale price represents the weighted average price of the shares sold ranging from $20.185 to $20.34 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.
F4 Certain of these securities are restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Class A Common Stock, subject to the applicable vesting schedule and conditions of each RSU.
F5 This option is fully vested and immediately exercisable.
F6 Twenty-five percent (25%) of the shares subject to the option vested on March 1, 2021; 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.