Form 4: Forge Global Holdings COO Sievers Disposes of Shares to Cover Tax Obligations

Drew Sievers, COO of Forge Global Holdings, disposed of 13,213 shares to cover tax withholding obligations related to the net settlement of restricted stock units.

Summary

• On June 10, 2024, Drew Sievers, the Chief Operating Officer of Forge Global Holdings, disposed of 13,213 shares of common stock to satisfy tax withholding obligations.
• The shares were withheld by the issuer in connection with the net settlement of restricted stock units.
• Following the transaction, Sievers directly owns 905,270 shares.
• Sievers also indirectly owns 1,596,734 shares through Operative Capital SPV I, LLC and 689,045 shares through Operative Capital LP.
• Sievers disclaims beneficial ownership of the shares held by Operative Capital SPV I, LLC and Operative Capital LP except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, which is neutral in sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, like the COO in this case, trade their company's stock. These filings provide transparency into insider transactions and are closely watched by investors.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine disposal of shares for tax purposes.

Key Dates