Nevin James 4

What Happened

• Nevin James, Chief Financial Officer of Forge Global Holdings (FRGE), was granted 32,088 performance-based restricted stock units (PSUs) on 2026-02-12. The award was reported as an acquisition at $0.00 (i.e., a grant, not a purchase). The PSUs convert to one share each only if specified performance and time conditions are met.

Key Details

• Transaction type/code: Grant/Award (Form 4 code A).
• Transaction date: 2026-02-12; filing date: 2026-02-17 (filed 5 days after the transaction—appears to be one business day past the typical 2-business-day Form 4 deadline).
• Granted amount and price: 32,088 PSUs @ $0.00 (no cash paid).
• Performance condition: PSU vests only if a Sale Event with a Sale Price ≥ $45 occurs on or before 2026-12-31.
• Vesting/time condition: 1/36th of the PSUs vest on the first day of each month after the Vesting Commencement Date, subject to continued service.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Estimated reference value: if the $45 threshold is met, 32,088 shares × $45 ≈ $1.44 million (this is a contingency-based reference, not a guaranteed payout).

Context

• These are contingent awards (PSUs), not immediate stock ownership; value depends on both a company Sale Event meeting the $45 threshold and continued employment as units vest monthly.
• Grants like this are routine compensation incentives and do not equate to an immediate insider purchase (which some investors view as a stronger bullish signal).