Form 4: Forge Global Holdings CFO Mark Lee Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Mark Lee, CFO of Forge Global Holdings, reports forfeiture of restricted stock units and a transfer of shares to a family trust, resulting in changes in his beneficial ownership.
Summary
- On January 31, 2024, Mark Lee, the CFO of Forge Global Holdings, forfeited 27,779 restricted stock units (RSUs) due to the achievement of performance conditions.
- On July 10, 2024, 20,760 shares were withheld by the issuer to cover tax obligations related to the net settlement of RSUs.
- In June 2024, Lee transferred 1,205,146 shares to the Lee Kan Family Trust, changing the ownership from direct to indirect, but not affecting beneficial ownership.
- Following these transactions, Lee directly owns 1,581,572 shares and indirectly owns 1,205,146 shares through the Lee Kan Family Trust.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and share ownership, with no indication of positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and share ownership, common for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 01/31/2024 | Forfeiture of 27,779 restricted stock units due to performance conditions. |
| June 2024 | Transfer of 1,205,146 shares to the Lee Kan Family Trust. |
| 07/10/2024 | Withholding of 20,760 shares for tax obligations related to RSU settlement. |
| 07/12/2024 | Date of signature on the Form 4 filing. |
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