FISH JASON M 4
4 · Forbright, Inc. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
Forbright (FRBT) Director Jason Fish Receives RSU Award
What Happened
Jason M. Fish, a director of Forbright, Inc. (FRBT), received a grant of 6,171 restricted stock units (RSUs) on 2026-06-10. The filing reports an acquisition price of $0.00 (the award itself carries no immediate cash cost); each RSU represents a contingent right to one share of Class A common stock. The RSUs will vest in full on the date of Forbright’s 2027 annual meeting of stockholders, subject to Fish’s continued board service through that date.
Key Details
- Transaction date: 2026-06-10 (filed 2026-06-12) — filing appears timely.
- Transaction type/code: Award/Grant (A).
- Amount: 6,171 RSUs @ $0.00 reported (total reported acquisition value $0).
- Vesting: RSUs vest in full on the date of the 2027 annual meeting, subject to continued service (see footnote F1).
- Shares owned after transaction: Not specified in this filing.
- Notable footnotes:
- F1: RSUs convert to one share of Class A common stock each upon vesting.
- F2 & F3: Fish has sole voting/dispositive power over shares held by FBF Partners, L.P. and Sebastes Capital, LLC but disclaims beneficial ownership except to the extent of any pecuniary interest.
Context
RSU grants are a common form of non-cash compensation for directors and do not represent an immediate purchase or sale of shares. These RSUs are contingent on continued service and will only result in actual shares (and potential tax consequences) if and when they vest. The award should be viewed as routine board compensation rather than an open-market purchase or sale.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-06-10+6,171→ 6,171 total
- 1,324,561(indirect: By FBF Partners, L.P.)
Class A Common Stock
[F2] - 212,436(indirect: By LLC)
Class A Common Stock
[F3]
Footnotes (3)
- [F1]Represents restricted stock units ("RSUs") granted under the Issuer's 2026 Omnibus Incentive Plan. The RSUs will vest in full on the date of the Issuer's 2027 annual meeting of stockholders, subject to the Reporting Person's continued service as a member of the Issuer's board of directors through such vesting date. Each RSU represents a contingent right to receive one share of Class A common stock.
- [F2]These shares are held by FBF Partners, L.P. ("FBF"). The Reporting Person has the sole power to vote and dispose of the shares held by FBF. The Reporting Person disclaims beneficial ownership of the shares held by FBF, except to the extent of his pecuniary interest therein.
- [F3]These shares are held by Sebastes Capital, LLC ("Sebastes"). The Reporting Person has the sole power to vote and dispose of the shares held by Sebastes. The Reporting Person disclaims beneficial ownership of the shares held by Sebastes, except to the extent of his pecuniary interest therein.