Form 4: Forge Global CEO Kelly Rodriques Reports Tax-Related Share Withholding
Insider Transaction Report
Forge Global Holdings, Inc. CEO Kelly Rodriques reported a disposition of 2,748 shares of common stock on July 10, 2025, to satisfy tax withholding obligations related to restricted stock units.
Summary
- Kelly Rodriques, who serves as both Director and Chief Executive Officer of Forge Global Holdings, Inc. (FRGE), reported a change in beneficial ownership.
- On July 10, 2025, 2,748 shares of Common Stock, with a par value of $0.0001 per share, were disposed of.
- This disposition was executed with a transaction code 'F', indicating that the shares were withheld by the Issuer to satisfy tax withholding and remittance obligations.
- The withholding was in connection with the net settlement of restricted stock units.
- The reported price for this transaction was $0, confirming it was a non-cash disposition for tax purposes.
- Following this transaction, Kelly Rodriques directly beneficially owns 549,588 shares of Common Stock.
- Additionally, 4,718 shares are indirectly beneficially owned through Forge Trust Co CFBO Kelly Rodriques Roth IRA.
Sentiment
Score: 5
Explanation: The filing reports a routine disposition of shares by the CEO to cover tax obligations upon the vesting of restricted stock units. This is a standard administrative event and does not reflect on the company's operational or financial performance, thus having a neutral impact on sentiment.
Positives
- The vesting of restricted stock units indicates that the executive met the necessary performance or tenure conditions, which can be viewed as a positive for the executive's compensation.
Future Outlook
No forward-looking statements or guidance regarding the company's future performance or strategic direction are provided in this filing.
Industry Context
This filing is a routine insider transaction report, specifically detailing a change in beneficial ownership due to tax withholding on equity compensation. It does not provide broader industry context or insights into industry trends or competitive landscape.
Stakeholder Impact
- Shareholders: The impact on shareholders is minimal as this is a routine tax-related transaction, not a discretionary market sale by the CEO. It confirms the vesting of equity compensation.
Key Dates
| Date | Description |
|---|---|
| 07/10/2025 | Date of earliest transaction, involving the disposition of shares for tax withholding. |
| 07/14/2025 | Signature date of the SEC Form 4 filing. |
Keywords
Forge Global Holdings, FRGE, Kelly Rodriques, SEC Form 4, insider transaction, beneficial ownership, restricted stock units, RSU, tax withholding, equity compensation
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