Pounds Steven 4

What Happened

• Steven Pounds, Senior Vice President — Operations at Forum Energy (FET), had restricted stock units vest on March 5 and March 6, 2026, resulting in the conversion/acquisition of 3,090 and 2,658 shares (5,748 total) at $0.00 (derivative conversion of RSUs).
• To satisfy tax withholding obligations, he surrendered 1,215 shares on March 5 at $57.70 (proceeds $70,106) and 1,045 shares on March 6 at $57.17 (proceeds $59,743), totaling ~2,260 shares surrendered and about $129,849 in cash realized. These were not open-market sales for investment purposes but tax-withholding transactions.

Key Details

• Transaction dates and prices:
  • 2026-03-05: 3,090 shares acquired via derivative conversion (M) at $0.00; 1,215 shares surrendered for taxes (F) at $57.70 ($70,106).
  • 2026-03-06: 2,658 shares acquired via derivative conversion (M) at $0.00; 1,045 shares surrendered for taxes (F) at $57.17 ($59,743).
• Shares issued from vesting: 5,748 total (3,090 + 2,658).
• Shares surrendered for tax withholding: 2,260 total (1,215 + 1,045).
• Footnotes: F1 = vesting of RSUs granted 3/5/2025; F3 = vesting of RSUs granted 3/6/2024; F2 = shares were surrendered to satisfy tax obligations.
• Filing/timeliness: Report filed 2026-03-09 for transactions dated 2026-03-05 and 03-06—filed within the required two business days (timely).
• Shares owned after the transactions: not specified in the provided excerpt.

Context

• These entries reflect RSU vesting and tax withholding (derivative conversion and surrender of shares to cover taxes). The zero price on the conversion lines indicates issuance from awards rather than market purchases. Surrendering shares for taxes (code F) is routine and does not necessarily signal insider sentiment about the company’s stock direction.