Form 4: Forge Global Holdings COO Sievers Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Drew Sievers, COO of Forge Global Holdings, disposed of shares to cover tax withholding obligations related to the net settlement of restricted stock units.
Summary
- On March 28, 2024, Drew Sievers, the Chief Operating Officer of Forge Global Holdings, disposed of 23,774 shares of common stock to satisfy tax withholding obligations.
- The shares were withheld by the issuer at a price of $0 per share.
- Following the transaction, Sievers directly owns 942,230 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 indirectly held shares except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes associated with stock awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: Disposal of shares to cover tax obligations. |
| 04/01/2024 | Date of signature on the Form 4 filing. |
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