Form 4: Forian Inc. CFO Michael Vesey Reports Stock Transaction
SEC Form 4 Filing
Michael Vesey, CFO of Forian Inc., reports the disposal of 3,336 common stock shares to cover tax obligations related to vested restricted stock units on September 2, 2024.
Summary
- On September 2, 2024, Michael Vesey, the Chief Financial Officer of Forian Inc., disposed of 3,336 shares of common stock.
- The transaction was executed to cover tax withholding and remittance obligations related to the net settlement of vested restricted stock units.
- The shares were withheld by Forian Inc. at a price of $2.45 per share.
- Following the transaction, Vesey directly owns 256,742 shares of Forian Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes. It doesn't indicate positive or negative sentiment, but rather a standard procedure.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 09/02/2024 | Date of stock transaction where 3,336 shares were disposed of to cover tax obligations. |
| 09/13/2024 | Date of signature for the Form 4 filing. |
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