Forum Markets (FRMM) CEO Rudisill McAndrew Sells 98,174 Shares

What Happened

• Rudisill McAndrew, CEO of Forum Markets (FRMM), reported the disposition of 98,174 shares on 2026-08-01 to satisfy tax withholding obligations related to vested restricted stock units (RSUs). The shares were valued at $5.16 each for a total of approximately $506,578. The filing indicates this was a forfeiture to the issuer to cover taxes — not a discretionary open-market sale. The shares were officially issued on August 14, 2026.

Key Details

• Transaction date and price: 2026-08-01 at $5.16 per share (total ~$506,578).
• Transaction code: F (tax withholding / forfeiture).
• Reason: Forfeiture of shares to the issuer to satisfy tax withholding on RSUs originally granted April 2, 2026 (Footnote F1).
• Shares owned after transaction: Not specified in this filing.
• Filing date vs. transaction date: Form filed 2026-08-14 for an Aug 1 transaction — reported after the typical 2-business-day Section 16 window (late filing).
• Additional notes: Footnotes F2–F5 disclose Mr. Rudisill’s managing-partner roles in several LLCs (BER, GER, MRR, Pelagic) and disclaim beneficial ownership of securities held directly by those entities except to the extent of any pecuniary interest.

Context

• This was an administrative, tax-withholding disposition tied to vested RSUs (a common practice), and the filing emphasizes it was not a voluntary sale. Such forfeitures are routine and don’t necessarily signal the insider’s view of the company’s stock.