4/A: Forge Global Holdings CFO Corrects Stock Transaction Filing
SEC Form 4/A Filing
Forge Global Holdings' Chief Financial Officer, Mark P. Lee, amended a previous SEC filing to correct the number of shares withheld for tax obligations.
Summary
- Mark P. Lee, the Chief Financial Officer of Forge Global Holdings, filed an amendment to a previous Form 4.
- The amendment corrects the number of shares withheld by the issuer to satisfy tax obligations related to the net settlement of restricted stock units.
- The original filing on November 14, 2024, reported 19,236 shares withheld, but the corrected filing shows 19,239 shares withheld.
- The transaction occurred on November 12, 2024, and the shares were withheld at a price of $0.
- Following the transaction, Mark P. Lee directly owns 1,500,053 shares and indirectly owns 1,205,146 shares through the Lee Kan Family Trust.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous filing, indicating no significant positive or negative sentiment. It reflects standard compliance procedures.
Industry Context
This filing is a routine disclosure of stock transactions by a company officer, which is common in publicly traded companies. It reflects standard practices for managing equity compensation and tax obligations.
Comparison to Industry Standards
- The reporting of stock transactions by company officers is a standard practice across all publicly listed companies.
- The use of Form 4 filings to disclose changes in beneficial ownership is mandated by the SEC.
- The correction of a previous filing via an amendment (Form 4/A) is also a common occurrence when errors are identified.
- Similar filings can be seen from officers at companies such as Coinbase, Robinhood, and other publicly traded technology firms.
Stakeholder Impact
- The correction of the filing ensures transparency for shareholders regarding the CFO's stock transactions.
- The impact on other stakeholders is minimal as this is a routine administrative correction.
Key Dates
| Date | Description |
|---|---|
| 11/12/2024 | Date of the stock transaction where shares were withheld for tax obligations. |
| 11/14/2024 | Date of the original Form 4 filing which was later amended. |
| 12/12/2024 | Date of the amended Form 4/A filing. |
Keywords
SEC Filing, Form 4, Forge Global Holdings, Mark P. Lee, Chief Financial Officer, Stock Transaction, Beneficial Ownership, Tax Withholding, Restricted Stock Units
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