Rodriques Kelly 4

What Happened
Rodriques Kelly, CEO of Forge Global Holdings (FRGE), had 1,347 shares withheld on Feb 20, 2026 to satisfy tax withholding in connection with a net settlement of restricted stock units. The Form 4 shows those shares as "disposed" at $0.00, resulting in $0 cash proceeds — this was a tax-withholding/net-settlement transaction, not an open-market sale or purchase.

Key Details

• Transaction date: 2026-02-20 (filed with the SEC on 2026-02-24).
• Transaction code: F (payment of exercise price or tax liability / withholding).
• Shares withheld/disposed: 1,347 shares at $0.00; reported value $0.
• Footnote: F1 — Shares were withheld by the issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of restricted stock units.
• Shares owned after transaction: Not specified in the provided excerpt.
• Filing timeliness: Filed on 2026-02-24 for a 2026-02-20 transaction (appears within the standard two-business-day Form 4 window).

Context
Net settlement tax withholdings for RSUs are common: the company retains (or cancels) a portion of vested shares to cover required tax obligations instead of the insider selling shares on the open market. These transactions are routine and do not necessarily signal a change in the insider’s view of the company.