Form 4: Forge Global Holdings CEO Kelly Rodriques Sells Shares
SEC Form 4 Filing
Forge Global Holdings CEO Kelly Rodriques sold shares of the company's common stock in multiple transactions between August 9 and August 13, 2024.
Summary
- Kelly Rodriques, CEO of Forge Global Holdings, sold shares of the company's common stock between August 9 and August 13, 2024.
- On August 9, 2024, Rodriques sold 24,562 shares at a weighted average price of $1.3068.
- On August 12, 2024, he sold 108,646 shares at a weighted average price of $1.2315.
- Also on August 12, 2024, 43,372 shares were withheld by the issuer to cover tax obligations related to the settlement of restricted stock units.
- On August 13, 2024, Rodriques sold 74,792 shares at a weighted average price of $1.267.
- Following these transactions, Rodriques directly owns 9,012,564 shares and indirectly owns 69,772 shares through Pensco Trust Co. LLC Custodian FBO Kelly Rodriques Roth IRA.
- He also indirectly owns 1,596,734 shares through Operative Capital SPV I, LLC and 689,045 shares through Operative Capital LP.
- Rodriques disclaims beneficial ownership of shares held by Operative Capital entities except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock sales by an executive. It doesn't inherently convey positive or negative sentiment, but the market may react based on their interpretation of the sales.
Industry Context
This filing is a routine disclosure of insider trading activity. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- Shareholders may react to the news of the CEO selling shares, potentially impacting the stock price.
Key Dates
| Date | Description |
|---|---|
| 08/09/2024 | Kelly Rodriques sold 24,562 shares of common stock. |
| 08/12/2024 | Kelly Rodriques sold 108,646 shares of common stock and 43,372 shares were withheld for tax obligations. |
| 08/13/2024 | Kelly Rodriques sold 74,792 shares of common stock. |
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