FORUM MARKETS director granted 241,918 RSUs

Heter Crystal Jane reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Heter Crystal Jane reported acquisition or exercise transactions in this Form 4 filing.

FORUM MARKETS Inc director Crystal Jane Heter reported an award of 241,918 shares of Common Stock in the form of restricted stock units (RSUs). The award brings her reported direct holdings to 241,918 shares.

According to the footnote, 41,918 RSUs will vest in full on the date of the company’s 2026 Annual Meeting of Stockholders, assuming she continues to serve through that date. The remaining 200,000 RSUs will vest in two equal installments: half on the 2026 Annual Meeting date and half on the first anniversary of the grant date, also conditioned on continued service.

Insights

Equity compensation analyst

Director received a sizable RSU grant with service-based vesting; no open-market trading occurred.

Director Crystal Jane Heter was granted 241,918 RSU-based Common Stock shares in FORUM MARKETS Inc. This is coded as a grant/award, with a zero dollar transaction price, indicating a non-cash equity award rather than a market purchase or sale.

The vesting schedule is service-based: 41,918 RSUs vest at the 2026 Annual Meeting of Stockholders, while 200,000 RSUs vest in two equal tranches at that meeting and on the first anniversary of the grant date. Because there are no open-market buys or sells and this appears to be routine director equity compensation, the filing is neutral from a signaling standpoint.

Insider Trade Summary

Grant/Award: 241,918 shares

Grant/Award 1 txn

Insider Heter Crystal Jane

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	241,918	$0.00	$0.00

Holdings After Transaction: Common Stock — 241,918 shares (Direct)

Footnotes (1)

1. F1. Consists of (i) 41,918 shares of Common Stock underlying restricted stock units ("RSUs") that will vest in full on the date of the Company's 2026 Annual Meeting of Stockholders, subject to the Reporting Person's continued service through such date, and (ii) 200,000 shares of Common Stock underlying RSUs, half of which will vest on the date of the Company's 2026 Annual Meeting of Stockholders and the other half of which will vest on the first anniversary of the grant date, subject to the Reporting Person's continued service through each such date.

Key Figures

RSU grant size: 241,918 shares Holdings after award: 241,918 shares First RSU tranche: 41,918 shares +2 more

5 metrics

RSU grant size 241,918 shares Common Stock RSUs granted to director on Form 4

Holdings after award 241,918 shares Total direct Common Stock holdings following transaction

First RSU tranche 41,918 shares RSUs vesting on date of 2026 Annual Meeting of Stockholders

Second RSU tranche 200,000 shares RSUs vesting half at 2026 meeting, half one year after grant

Transaction price $0.0000 per share Reported price for RSU grant acquisition

Key Terms

restricted stock units, vest, Annual Meeting of Stockholders, grant date

4 terms

restricted stock units financial

"Consists of (i) 41,918 shares of Common Stock underlying restricted stock units ("RSUs") that will vest..."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vest financial

"RSUs that will vest in full on the date of the Company's 2026 Annual Meeting of Stockholders..."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Annual Meeting of Stockholders financial

"will vest in full on the date of the Company's 2026 Annual Meeting of Stockholders..."

grant date financial

"the other half of which will vest on the first anniversary of the grant date..."

The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FORUM MARKETS Inc (FRMM) disclose for Crystal Jane Heter?

The filing shows director Crystal Jane Heter received 241,918 shares of Common Stock via restricted stock units. This award is coded as a grant or other acquisition at no cash cost, increasing her reported direct holdings to 241,918 shares following the transaction.

How many RSUs did FORUM MARKETS Inc (FRMM) grant to director Crystal Jane Heter?

FORUM MARKETS Inc reported granting 241,918 restricted stock unit-based Common Stock shares to director Crystal Jane Heter. All 241,918 shares are shown as directly owned after the transaction, reflecting the full size of this equity award in her reported holdings.

What is the vesting schedule for Crystal Jane Heter’s RSUs at FORUM MARKETS Inc (FRMM)?

The RSUs vest in stages tied to future dates and continued service. 41,918 RSUs vest in full on the date of the company’s 2026 Annual Meeting of Stockholders. The remaining 200,000 RSUs vest in two equal parts at that meeting and on the grant’s first anniversary.

Did Crystal Jane Heter buy or sell FORUM MARKETS Inc (FRMM) shares on the market?

No market buy or sell is reported. The Form 4 describes a grant or award acquisition of 241,918 restricted stock unit-based shares at a zero dollar transaction price, indicating a non-cash equity award rather than an open-market transaction.

What conditions apply to the RSUs granted to Crystal Jane Heter by FORUM MARKETS Inc (FRMM)?

All RSUs are subject to continued service conditions. The 41,918-unit tranche vests only if she continues serving through the 2026 Annual Meeting date, while each 100,000-unit half of the 200,000 RSUs requires continued service through its respective vesting date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/03/2026 - 07:08 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Heter Crystal Jane

(Last) (First) (Middle)

2875 SOUTH OCEAN BLVD, SUITE 200

(Street)

PALM BEACH FLORIDA 33480

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FORUM MARKETS Inc [ FRMM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/02/2026		A		241,918(1)	A	$0.00	241,918	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Consists of (i) 41,918 shares of Common Stock underlying restricted stock units ("RSUs") that will vest in full on the date of the Company's 2026 Annual Meeting of Stockholders, subject to the Reporting Person's continued service through such date, and (ii) 200,000 shares of Common Stock underlying RSUs, half of which will vest on the date of the Company's 2026 Annual Meeting of Stockholders and the other half of which will vest on the first anniversary of the grant date, subject to the Reporting Person's continued service through each such date.

	/s/ Crystal Heter	04/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)