4//SEC Filing
Morais Mark A. 4
Accession 0001127602-25-016773
CIK 0001965040other
Filed
Jun 3, 8:00 PM ET
Accepted
Jun 4, 5:44 PM ET
Size
9.8 KB
Accession
0001127602-25-016773
Insider Transaction Report
Form 4
Morais Mark A.
Chief Operating Officer
Transactions
- Exercise/Conversion
Common Stock
2025-06-02+11,007→ 49,679 total - Exercise/Conversion
Restricted Stock Unit
2025-06-02−11,007→ 99,944 total→ Common Stock (11,007 underlying) - Sale
Common Stock
2025-06-03$4.17/sh−3,130$13,052→ 46,549 total
Footnotes (6)
- [F1]Each Restricted Stock Unit ("RSU") represents the right to receive, at settlement, one share of Fortrea Holdings Inc. ("Fortrea") Common Stock. This transaction represents the settlement of RSUs into Common Stock on their scheduled vesting date.
- [F2]The sales reported on this Form 4 represent shares of Common Stock sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
- [F3]This transaction was executed in multiple trades at prices ranging from $3.99 to $4.38. The price reported in column 4 above reflects the weighted average price of the shares of Common Stock sold. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F4]This number reflects the aggregate amount of Common Stock held by the reporting person.
- [F5]In connection with the spin-off of Fortrea by Laboratory Corporation of America Holdings ("Labcorp"), RSUs granted by Labcorp were converted into time-vesting RSUs of Fortrea pursuant to the terms of the Employee Matters Agreement. These RSUs vested on June 1, 2025.
- [F6]This number reflects the aggregate number of RSUs held by the reporting person.
Documents
Issuer
Fortrea Holdings Inc.
CIK 0001965040
Entity typeother
Related Parties
1- filerCIK 0001980205
Filing Metadata
- Form type
- 4
- Filed
- Jun 3, 8:00 PM ET
- Accepted
- Jun 4, 5:44 PM ET
- Size
- 9.8 KB