Form 4: Forge Global Holdings CEO Kelly Rodriques Reports Share Disposals and Tax Withholding

CEO Kelly Rodriques reports pro rata distributions of shares by holders to partners for no consideration, shares withheld for tax obligations, and indirect ownership through Operative Capital LP and Operative Capital SPV I, LLC.

Summary

• Kelly Rodriques, CEO of Forge Global Holdings, filed a Form 4 detailing changes in beneficial ownership.
• On November 29, 2024, there were pro rata distributions of 689,045 and 1,541,674 shares of common stock by holders to its partners for no consideration.
• On December 6, 2024, 11,591 shares were distributed, followed by 43,469 shares on December 16, 2024.
• On March 21, 2025, 108,065 shares were withheld by Forge Global Holdings to cover tax obligations related to the net settlement of restricted stock units.
• Rodriques also reported indirect ownership of 69,772 shares through Pensco Trust Co. LLC Custodian FBO Kelly Rodriques Roth IRA.
• Rodriques disclaims beneficial ownership of shares held by Operative Capital LP and Operative Capital SPV I, LLC, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing share transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• Shareholders are informed about changes in the CEO's beneficial ownership of company stock.
• The tax withholding may affect the net settlement of restricted stock units for employees.

Key Dates

Keywords

Form 4, beneficial ownership, Forge Global Holdings, Kelly Rodriques, share distribution, tax withholding, Operative Capital, Pensco Trust