Facemire Michael 4

What Happened

• Michael Facemire, Chief Technology Officer of Forrester Research (FORR), had 388 restricted stock units (RSUs) vest on February 1, 2026. Those RSUs converted into 388 shares of common stock at no cost. The issuer withheld 134 of those shares to satisfy tax withholding obligations, yielding $1,087 (134 shares × $8.11). The net result was 254 shares delivered to Facemire following the vesting/conversion.

Key Details

• Transaction date: February 1, 2026.
• Conversion/acquisition: 388 shares acquired upon vesting (conversion of RSUs) at $0.00 per share.
• Withholding/disposition: 134 shares withheld/sold to cover taxes at $8.11 per share for total proceeds of $1,087.
• Derivative line: the filing also shows a disposition of the derivative instrument corresponding to the 388 RSUs (conversion of the RSU into shares).
• Footnotes: F1–F4 confirm these were RSUs (1 RSU = 1 share), granted Feb 1, 2024 (1,550 RSUs total), vesting in four equal annual installments; the Feb 1, 2026 vesting was the second installment. F2 explains the share withholding to satisfy tax withholding on vesting.
• Shares owned after transaction: not specified in the provided excerpt of the filing.
• Filing timeliness: filing date Feb 3, 2026 for Feb 1 transaction — no late filing is indicated in the provided data.

Context

• This was not an open-market purchase or sale for investment; it was a routine vesting and conversion of RSU awards with shares withheld to cover taxes (a common, administrative cashless withholding). Such transactions reflect compensation vesting rather than an independent buy/sell decision by the insider.