Vuori Kristiina MD 4

What Happened

• Kristiina Vuori, a director of Forian Inc. (FORA), tendered 28,757 shares in the company's change‑of‑control transaction on May 15, 2026. Tendered shares were paid at the merger offer price of $2.17 per share, yielding about $62,402.69 in cash.
• In addition, five derivative dispositions of 15,000 option shares each (totaling 75,000 option shares) were reported on the same date. Per the Merger Agreement, vested options with an exercise price below $2.17 were cancelled and converted into a cash payment equal to the number of option shares times (Offer Price − exercise price). The filing does not disclose the individual exercise prices or the cash amounts paid for those converted options.

Key Details

• Transaction date: May 15, 2026. Offer Price: $2.17 per share (cash, subject to withholding).
• Shares tendered: 28,757 common shares → ~$62,402.69 cash.
• Option-related dispositions: five entries of 15,000 shares each = 75,000 option shares cancelled/converted (derivative settlement); cash amounts not specified in filing.
• Footnotes: F1–F3 explain the April 2, 2026 Merger Agreement, the $2.17 tender offer, conversion of vested in‑the‑money options to cash, and cancellation without consideration of unvested or out‑of‑the‑money options.
• Shares owned after the transactions are not disclosed in this Form 4. Filing date (May 15, 2026) matches the report period; filing appears timely.

Context

• These transactions are merger‑related corporate actions (tender offer and option settlements), not open‑market trades. Tendering shares and cashing out vested options are common outcomes in acquisitions and do not necessarily indicate an insider’s view on the company’s future performance.