Form 4: Forian Inc. CFO Michael Vesey Disposes of Shares to Cover Tax Obligations

Forian Inc.'s Chief Financial Officer, Michael Vesey, disposed of 18,089 shares to cover tax obligations related to vested restricted stock units.

Summary

• Michael Vesey, the Chief Financial Officer of Forian Inc., disposed of 18,089 shares of common stock on January 12, 2025.
• The shares were disposed of at a price of $2.05 per share.
• This transaction was not a market sale but rather a withholding by the issuer to cover tax obligations related to the vesting of restricted stock units.
• Following this transaction, Mr. Vesey directly owns 438,653 shares of Forian Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes and does not indicate any positive or negative sentiment.

Industry Context

Form 4 filings are a standard part of regulatory compliance for company insiders and are common across all publicly traded companies.

Comparison to Industry Standards

• The transaction is a standard practice for executives receiving stock-based compensation, where a portion of shares are withheld to cover tax obligations.
• This type of transaction is common across all publicly traded companies and is not unique to Forian Inc.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard tax withholding procedure.

Key Dates

Keywords

Form 4, Beneficial Ownership, Michael Vesey, Forian Inc., Stock Disposal, Tax Withholding, Restricted Stock Units, CFO