IVASCU JOHN C 4

What Happened

• John C. Ivascu, EVP, General Counsel & Chief Compliance Officer of Forum Energy Technologies (FET), had restricted stock units (RSUs) vest and was issued 14,695 shares (7,607 on 2026-03-05 and 7,088 on 2026-03-06).
• To cover tax obligations on the settled awards he surrendered 5,782 shares (2,993 on 2026-03-05 at $57.70 and 2,789 on 2026-03-06 at $57.17), a total withholding value of $332,143. These filings show the RSU settlement as "exercise/conversion of derivative (M)" with the related share-withholding reported as "Payment of exercise price or tax liability (F)."
• This was a vesting/tax-withholding event (not a market sale or open-market purchase); such share surrenders are routine to satisfy tax withholding.

Key Details

• Transaction dates and prices:
  • 2026-03-05: 7,607 RSU shares vested (reported as acquired at $0.00); 2,993 shares withheld at $57.70 (value $172,696).
  • 2026-03-06: 7,088 RSU shares vested (reported as acquired at $0.00); 2,789 shares withheld at $57.17 (value $159,447).
• Total shares vested: 14,695. Total shares surrendered for tax withholding: 5,782. Total withholding value: $332,143.
• Footnotes:
  • F1: Vesting of RSUs granted March 5, 2025.
  • F3: Vesting of RSUs granted March 6, 2024.
  • F2: Shares were surrendered to satisfy tax obligations related to settlement.
• Shares owned after the reported transactions: not disclosed in this filing.
• Filing timeliness: Form 4 was filed on 2026-03-09 for transactions on 2026-03-05 and 2026-03-06; this filing meets the Form 4 reporting deadlines (timely).

Context

• These entries reflect RSU vesting and a common “net share settlement” or withholding to cover taxes rather than an open-market sale. That means the insider received shares but a portion was surrendered automatically for tax withholding.
• Such withholding transactions are routine and do not necessarily indicate the insider’s view of the company’s stock; they are administrative actions to satisfy tax obligations.