MICHAEL VESEY - 12 Jan 2024 Form 4 Insider Report for Forian Inc. (FORA)

Role: Chief Financial Officer
Signature: /s/ Edward Spaniel, Jr., Attorney-in-Fact
Issuer symbol: FORA
Transactions as of: 12 Jan 2024
Transactions value $: $0
Form type: 4
Filing time: 17 Jan 2024, 18:09:09 UTC
Previous filing: 15 Feb 2023
Next filing: 15 Feb 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FORA	Common Stock	Award	$0	+175K	+194.44%	$0.00	265K	12 Jan 2024	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FORA	Stock Option (right to buy)	Award	$0	+175K		$0.00	175K	12 Jan 2024	Common Stock	175K	$2.67	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 175,000 restricted stock units ("RSU"), which vest in four equal annual installments beginning on January 12, 2025. RSUs convert into common stock on a one-for-one basis.
F2	The stock option vests 25% on January 12, 2025, and thereafter the remaining 75% vests in 12 equal quarterly installments.