SCHEDULE: Forrester Research Founder George F. Colony Discloses Significant Beneficial Ownership Stake

George F. Colony, founder of Forrester Research, Inc., has filed an updated Schedule 13G disclosing a beneficial ownership of 38.7% of the company's common stock as of June 30, 2025.

Summary

• George F. Colony, the reporting person, beneficially owns 7,380,411 shares of Forrester Research, Inc. common stock.
• This represents 38.7% of the company's common stock, based on 19,063,000 shares outstanding as of May 5, 2025.
• Holdings include 6,070,862 shares held by Mr. Colony individually.
• An additional 1,580 shares are owned by Mr. Colony's wife, over which he has shared voting and dispositive power.
• Mr. Colony also holds sole dispositive power over shares held in five Grantor Retained Annuity Trusts (GRATs) established in 2024, totaling 1,307,969 shares (15,935 shares in Trust No. 45, 42,034 shares in Trust No. 46, 250,000 shares in Trust No. 47, 500,000 shares in Trust No. 48, and 500,000 shares in Trust No. 49).
• For some of these trusts (Trusts No. 45, 47, 48, 49), voting power is vested in three other trustees.

Sentiment

Score: 7

Explanation: The document is a routine beneficial ownership filing, which is neutral in nature. However, the significant insider ownership by the founder (38.7%) is generally viewed positively by investors as it aligns interests and demonstrates commitment, hence a slightly positive score.

Positives

• Significant insider ownership by the company's founder, George F. Colony, at 38.7%, indicates strong alignment of interests with shareholders.
• The founder's continued substantial stake suggests long-term commitment to the company's performance.

Future Outlook

This filing is a routine disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Schedule 13G filing is a standard regulatory disclosure of a significant shareholder's ownership stake. It does not provide specific industry context or competitive analysis, but a large insider stake can be viewed positively by the market as it aligns management's interests with shareholders.

Comparison to Industry Standards

• This filing is a disclosure of beneficial ownership and does not contain performance metrics or operational results that would allow for a direct comparison to industry standards or specific comparable companies or projects.
• A beneficial ownership of 38.7% by a founder is a substantial stake, often higher than typical institutional investor holdings in publicly traded companies, indicating a strong, concentrated ownership position.

Corporate Governance

Related Party Transactions

• The document discloses shares held by Mr. Colony's wife (1,580 shares) and shares held in five Grantor Retained Annuity Trusts (totaling 1,307,969 shares) where Mr. Colony is a trustee and has sole dispositive power, which are considered related party holdings for reporting purposes.

Stakeholder Impact

• Shareholders: The significant beneficial ownership by the founder may be viewed positively, indicating strong alignment of interests and long-term commitment.
• Management: The Power of Attorney streamlines the process for the founder's SEC compliance filings.

Next Steps

• The Power of Attorney outlines the ongoing authorization for attorneys-in-fact to execute and file future SEC forms (3, 4, 5, 144, 13D, 13G) on behalf of George F. Colony as long as he is required to file them.

Key Dates

Keywords

Forrester Research, George F. Colony, Schedule 13G, Beneficial Ownership, Common Stock, Insider Ownership, SEC Filing, FORR, Grantor Retained Annuity Trust