Edwards Michael A 4

What Happened

• Michael A. Edwards, a director of Forum Markets, was granted 203,562 restricted stock units (RSUs) on April 2, 2026. The award was reported as an acquisition at $0 per share (code A on the Form 4), so no cash was paid. This is an equity grant, not a market purchase or sale.

Key Details

• Transaction date: 2026-04-02; Form 4 filed 2026-04-03 (Accession: 0001213900-26-040085).
• Amount: 203,562 RSUs granted at $0. Total reported value shown as $0 (non-cash award).
• Vesting (per footnote): (i) 3,562 RSUs vest in full on the Company’s 2026 Annual Meeting of Stockholders, subject to continued service; (ii) 200,000 RSUs: 100,000 vest at the 2026 Annual Meeting and 100,000 vest on the first anniversary of the grant, each tranche subject to continued service.
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: appears timely (filed the business day after the transaction); no late filing flag in the record.

Context

• This is a grant of restricted stock units (an award). RSUs are compensation that convert to shares only if vesting conditions are met (here, continued service and specific vesting dates). Such grants are common for directors and are not an immediate market-position signal since shares are subject to vesting conditions.