Form 4: Forian CFO's Tax-Related Stock Disposition

Forian Inc.'s Chief Financial Officer, Michael Vesey, disposed of 18,077 shares of common stock to cover tax obligations related to vested restricted stock units.

Summary

• Michael Vesey, Chief Financial Officer of Forian Inc. (FORA), reported a disposition of common stock.
• The transaction occurred on January 12, 2026, and involved 18,077 shares of common stock.
• The shares were disposed of at a price of $2.12 per share.
• This disposition was not a market transaction but represented shares withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units.
• Following this transaction, Michael Vesey beneficially owns 594,528 shares of Forian Inc. common stock directly.

Sentiment

Score: 5

Explanation: This Form 4 reports a routine, non-discretionary disposition of shares by an insider to satisfy tax obligations related to vested restricted stock units. It does not provide new information regarding the company's performance or future prospects, thus indicating a neutral sentiment.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-market transaction for tax purposes and does not reflect a change in management's confidence or company fundamentals.

Key Dates

Keywords

Forian Inc., FORA, Form 4, insider transaction, stock disposition, CFO, Michael Vesey, restricted stock units, RSU, tax withholding