VESEY MICHAEL 4

What Happened Michael Vesey, Chief Financial Officer of Forian Inc. (FORA), had 4,918 shares withheld to satisfy tax withholding obligations in connection with the net settlement of vested restricted stock units. The withholding was recorded at $2.10 per share, totaling $10,328. This was a tax-withholding disposition (not an open-market sale).

Key Details

• Transaction date: 2026-02-13; withholding price: $2.10; total value withheld: $10,328.
• Transaction code: F (tax withholding in connection with net settlement of RSUs).
• Shares owned after the transaction: not specified in this Form 4.
• Footnote: Issuer withheld the shares to satisfy tax obligations—this was not a market sale (F1).
• Form 4 filed: 2026-02-18 (reporting period 2026-02-13); filing shows the withholding event only.

Context This was a routine tax-withholding event following RSU vesting, where the company retained shares to cover taxes rather than Vesey selling shares on the open market. Such withholdings are administrative and do not necessarily signal insider sentiment about the stock.