Form 4: Forge Global Holdings CFO Mark P. Lee Reports Stock Transaction

Chief Financial Officer of Forge Global Holdings, Mark P. Lee, reports a transaction involving the withholding of 27,971 shares to cover tax obligations.

Summary

• Mark P. Lee, the Chief Financial Officer of Forge Global Holdings, reported a transaction on January 10, 2025.
• The transaction involved the withholding of 27,971 common shares to cover tax obligations related to the net settlement of restricted stock units.
• Following the transaction, Mr. Lee directly owns 1,451,359 shares and indirectly owns 1,205,146 shares through the Lee Kan Family Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to a stock transaction for tax purposes, and does not indicate any positive or negative sentiment.

Industry Context

This is a standard SEC Form 4 filing, which is a routine disclosure for corporate insiders when they engage in transactions involving their company's stock. It is a common practice for companies to withhold shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Form 4 filings are a standard practice for all publicly traded companies in the US.
• The transaction is typical for executives receiving stock-based compensation.
• The number of shares withheld is dependent on the individual's tax situation and the value of the stock at the time of vesting.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax withholding event.

Key Dates

Keywords

Form 4, insider trading, stock transaction, Forge Global Holdings, Mark P. Lee, CFO, tax withholding, restricted stock units