Rudisill McAndrew 4

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.