4/A: Forian Inc. Executive Chairman Max Wygod Amends SEC Filing to Correct Transaction Codes

Max Wygod, Executive Chairman, CEO & President of Forian Inc., amended a previous SEC filing to correct transaction codes related to common stock purchases made between February 3rd and February 5th, 2025.

Summary

• Max Wygod, the Executive Chairman, CEO & President of Forian Inc., filed an amendment to a Form 4 with the SEC.
• The amendment corrects the transaction codes for common stock purchases made on February 3rd, 4th, and 5th, 2025.
• The original filing incorrectly listed the transactions as acquisitions ('A'), but they were actually purchases ('P').
• Wygod purchased 2,600 shares on February 3rd at an average price of $2.24, 1,700 shares on February 4th at an average price of $2.35, and 1,700 shares on February 5th at an average price of $2.42.
• Following these transactions, Wygod directly owns 1,306,580 shares of Forian Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the actions of company executives and their investment decisions in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, as mandated by the SEC.
• The level of detail provided in this filing, including the range of prices for the stock purchases, is consistent with SEC requirements.
• Comparable companies would also have similar filings when their executives trade company stock.

Stakeholder Impact

• The correction of the filing ensures accurate information is available to shareholders and the public.
• The purchases of stock by the CEO could be seen as a positive signal to investors, indicating confidence in the company's future.

Key Dates

Keywords

Form 4, SEC Filing, Beneficial Ownership, Forian Inc., Max Wygod, Common Stock, Amendment, Transaction Codes, Purchases