Forge Global Holdings, INC

Market Movers (8-K)

The Charles Schwab Corporation has finalized its acquisition of Forge Global Holdings, Inc., converting Forge shares to $45.00 cash and delisting the company.
Forge Global Holdings, Inc. stockholders have approved all proposals related to its acquisition by The Charles Schwab Corporation, moving the merger closer to completion.
Forge Global Holdings, Inc. filed an 8-K to provide supplemental disclosures to its definitive proxy statement regarding its merger with The Charles Schwab Corporation, following the filing of three additional lawsuits challenging the transaction.
Worse than expected
Delay expected
Forge Global Holdings, Inc. accelerated executive compensation for its CEO and CFO to mitigate potential tax impacts related to its upcoming merger with The Charles Schwab Corporation.
Forge Global Holdings, Inc. released its Q3 2025 supplemental financial information, showing increased losses and cash burn despite growth in custodial assets.
Worse than expected
The Charles Schwab Corporation has entered into a definitive agreement to acquire Forge Global Holdings, Inc. for $45.00 per share in an all-cash transaction, making Forge a wholly-owned subsidiary.

Quarterly Earnings (10-Q)

Forge Global Holdings, Inc. announced its acquisition by The Charles Schwab Corporation for $45.00 per share in cash, alongside reporting a Q3 2025 net loss of $18.2 million.
Better than expected
Capital raise
Forge Global Holdings, Inc. reported a significant increase in marketplace revenue and a reduction in net losses for Q2 2025, alongside a strategic acquisition and an identified material weakness in internal controls.
Capital raise
Forge Global Holdings saw a significant increase in marketplace revenue during the first quarter of 2025, driven by higher trading volumes, while custodial administration fees declined due to lower interest rates and cash balances.
Better than expected
Forge Global Holdings experienced revenue growth in Q3 2024, driven by increased marketplace activity, while also managing operating expenses and navigating market volatility.
Worse than expected
Capital raise
Forge Global Holdings saw a significant increase in trading volume and marketplace revenue in the second quarter of 2024, while also managing operating expenses.
Better than expected
Forge Global Holdings saw a 24% year-over-year increase in total revenue less transaction-based expenses, primarily driven by growth in marketplace revenue.
Worse than expected

Annual Reports (10-K)

Forge Global Holdings saw a 13% increase in total revenues, less transaction-based expenses, driven by marketplace growth, while continuing to manage operating expenses and navigate a challenging macroeconomic environment.
Worse than expected
Forge Global has amended employment agreements for key executives, detailing their roles, compensation, and termination conditions.

Insider Trading (Form 4)

Forge Global Holdings CFO James Nevin reports significant equity transactions following the company's merger with The Charles Schwab Corporation.
Forge Global Holdings, Inc. CEO Kelly Rodriques disposed of all direct and indirect holdings in the company following its acquisition by The Charles Schwab Corporation for $45.00 per share.
Forge Global Holdings, Inc. director Kimberley H Vogel disposed of common stock and restricted stock units following the company's merger with a subsidiary of The Charles Schwab Corporation.
Forge Global Holdings Director Brian Thomas McDonald disposed of shares and restricted stock units following the company's merger with a Charles Schwab subsidiary.
Forge Global Holdings Director Ashwin Kumar disposed of common stock and restricted stock units following the company's merger with The Charles Schwab Corporation, receiving $45.00 per share.
Forge Global Holdings, Inc. Director Asiff S. Hirji disposed of common stock and converted restricted stock units following the company's merger with The Charles Schwab Corporation.

Proxy Statements (Def-14A)

Forge Global Holdings, Inc. has filed supplemental disclosures to its definitive proxy statement in response to four lawsuits challenging its merger with The Charles Schwab Corporation.
Forge Global Holdings, Inc. has entered into a definitive agreement to be acquired by The Charles Schwab Corporation for $45.00 per share in cash, representing a significant premium to its recent trading price.
Better than expected
Forge Global Holdings, Inc. announced a definitive merger agreement to become a wholly-owned subsidiary of The Charles Schwab Corporation.
Forge Global Holdings, Inc. announces a definitive merger agreement to become a wholly-owned subsidiary of The Charles Schwab Corporation.
The Charles Schwab Corporation has agreed to acquire Forge Global Holdings, Inc. in an all-cash transaction valued at approximately $660 million, aiming to create a premier private markets platform.
Forge Global Holdings, Inc. has filed a definitive proxy statement with the SEC in preparation for its upcoming annual shareholder meeting.

Schedule 13D - Activist Investments

Motive Capital and other key shareholders commit to supporting Forge Global's merger with The Charles Schwab Corporation.
Deutsche Boerse AG has entered into a support agreement to vote its 11.9% stake in Forge Global Holdings, Inc. in favor of its merger with The Charles Schwab Corporation.
Deutsche Boerse AG updates its beneficial ownership in Forge Global Holdings, Inc. following a reverse stock split, warrant expiration, and the Accuidity acquisition.
Capital raise

Schedule 13G - Passive Investments

Glazer Capital, LLC and Paul J. Glazer have reported ceasing beneficial ownership of over 5% of Forge Global Holdings, Inc. common stock, now holding 0%.
Worse than expected
BlackRock, Inc. has filed a Schedule 13G, reporting beneficial ownership of 5.9% of Forge Global Holdings, Inc.'s common stock as of December 31, 2025.
Kostka LLC, Mark DeNatale, and Vince Gubitosi have jointly reported beneficial ownership of over 7% of Forge Global Holdings, Inc.'s common stock.
BlackRock, Inc. has filed an amended Schedule 13G, reporting a 4.8% beneficial ownership in Forge Global Holdings, Inc.'s common stock.
BlackRock, Inc. has filed a Schedule 13G, reporting a passive beneficial ownership of 5.3% of the common stock of Forge Global Holdings, Inc.