Rudisill McAndrew 4
4 · FORUM MARKETS Inc · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Forum Markets (FRMM) CEO Rudisill McAndrew Receives Award
What Happened
- Rudisill McAndrew, CEO of Forum Markets, received a grant of 1,884,979 restricted stock units (RSUs/PSUs) on April 2, 2026. The reported acquisition price is $0.00 (standard for equity awards), so no cash was exchanged at grant. The award consists of performance-based restricted stock units (PSUs) and time-based RSUs.
Key Details
- Transaction date: 2026-04-02; Form 4 filed: 2026-04-03 (appears to be filed the next day).
- Grant breakdown (Footnote F1): 1,130,987 PSUs and 753,992 RSUs (each unit converts to one share if/when vested).
- Vesting: PSUs are in three equal tranches and vest only if a specified stock-price performance target is met within five years and the CEO remains employed through the later applicable date; RSUs vest one-third on August 1 of 2026, 2027 and 2028, subject to continued employment.
- Price and value: Grant reported at $0.00 per unit; no immediate proceeds or sales reported.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Other footnotes (F2–F5): Mr. Rudisill is the managing partner of several entities (BER I LLC, GER I LLC, MRR I LLC, Pelagic Capital Advisors LLC) and may be deemed to beneficially own securities held by those entities; he disclaims beneficial ownership except to the extent of any pecuniary interest.
Context
- This is an equity compensation award (transaction code A), not a market purchase or sale—such grants are common for executive pay and align compensation with future performance and retention. PSUs are performance-contingent (so they may never convert to shares if targets aren’t met); RSUs are time-based and vest over three years. There is no indication of an immediate sale, tax withholding, or a trading plan (e.g., 10b5-1) in the provided details.
Insider Transaction Report
Form 4
Rudisill McAndrew
DirectorChief Executive Officer
Transactions
- Award
Common Stock
[F1]2026-04-02+1,884,979→ 1,884,979 total
Holdings
- 3,773(indirect: By LLC)
Common Stock
[F2] - 3,773(indirect: By LLC)
Common Stock
[F3] - 3,773(indirect: By LLC)
Common Stock
[F4] - 45,283(indirect: By LLC)
Common Stock
[F5]
Footnotes (5)
- [F1]Consists of (i) 1,130,987 shares of Common Stock underlying performance-based restricted stock units ("PSUs") and (ii) 753,992 shares of Common Stock underlying restricted stock units ("RSUs"). Each PSU and RSU represents a contingent right to receive one share of Common Stock. The PSUs consist of three equal tranches, each of which vests on the later of the date that (a) a specified Issuer stock price performance target is met within five years after the grant date and (b) a specified date, subject to the Reporting Person's continued employment through such later date. The RSUs will vest in one-third installments on August 1 of each of 2026, 2027 and 2028, subject to the Reporting Person's continued employment through each such date.
- [F2]The Reporting Person is the managing partner of BER I LLC ("BER"), and therefore may be deemed to beneficially own the securities held by BER. Mr. Rudisill disclaims beneficial ownership of the shares of common stock owned directly by BER, except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [F3]The Reporting Person is the managing partner of GER I LLC ("GER"), and therefore may be deemed to beneficially own the securities held by GER. Mr. Rudisill disclaims beneficial ownership of the shares of common stock owned directly by GER, except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [F4]The Reporting Person is the managing partner of MRR I LLC ("MRR"), and therefore may be deemed to beneficially own the securities held by MRR. Mr. Rudisill disclaims beneficial ownership of the shares of common stock owned directly by MRR, except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [F5]The Reporting Person is the managing partner and founder of Pelagic Capital Advisors LLC ("Pelagic"), and therefore may be deemed to beneficially own the securities held by Pelagic. Mr. Rudisill disclaims beneficial ownership of the shares of common stock owned directly by Pelagic, except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Signature
/s/ McAndrew Rudisill|2026-04-03