Form 4: Forian Inc. Executive Reports Tax Withholding Transaction
SEC Form 4 Filing
Edward Francis Spaniel Jr., EVP, Gen Counsel & Secretary of Forian Inc., reports the withholding of shares to cover tax obligations related to vested restricted stock units.
Summary
- On February 13, 2025, Edward Francis Spaniel Jr., EVP, Gen Counsel & Secretary of Forian Inc., had 5,426 shares of common stock withheld by the issuer to cover tax obligations.
- This was not a market transaction but a net settlement of vested restricted stock units at a price of $2.76 per share.
- Following the transaction, Spaniel directly owns 982,984 shares and indirectly owns 1,831,526 shares through the Dublin Family Trust.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider transactions, with neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Key Dates
| Date | Description |
|---|---|
| 02/13/2025 | Date of the transaction where shares were withheld for tax obligations. |
| 02/18/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, insider trading, beneficial ownership, tax withholding, restricted stock units, FORA, Forian Inc., Spaniel
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