Form 4: Forian Inc. Executive Spaniel Reports Changes in Beneficial Ownership

Edward Francis Spaniel Jr., EVP, Gen Counsel & Secretary of Forian Inc., reports a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock units.

Summary

• On March 5, 2024, Edward Francis Spaniel Jr., an executive at Forian Inc., had 7,783 shares of common stock withheld by the issuer to cover tax obligations related to the vesting of restricted stock units.
• The price per share for the transaction was $2.93.
• Following the transaction, Spaniel directly owns 804,397 shares of Forian Inc. common stock.
• Spaniel also indirectly owns 1,831,526 shares through the Dublin Family Trust, where he serves as co-trustee but disclaims beneficial ownership.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a standard transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.

Key Dates