Forum Markets director granted 241,918 stock units

Smith Ryan Lewis reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Smith Ryan Lewis reported acquisition or exercise transactions in this Form 4 filing.

Forum Markets Inc director Ryan Lewis Smith received an equity grant of 241,918 shares of Common Stock on April 2, 2026. The shares were awarded at a price of $0.00 per share as a grant or award, not an open-market purchase.

The grant consists of 41,918 shares underlying restricted stock units that will vest in full on the date of the Company’s 2026 Annual Meeting of Stockholders, subject to his continued service. The remaining 200,000 shares underlying 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. Following this transaction, he directly holds 241,918 shares.

Insider Trade Summary

Grant/Award: 241,918 shares

Grant/Award 1 txn

Insider Smith Ryan Lewis

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

Shares granted: 241,918 shares Grant price: $0.00 per share Holdings after grant: 241,918 shares +2 more

5 metrics

Shares granted 241,918 shares Common Stock grant on April 2, 2026

Grant price $0.00 per share Equity award, not open-market purchase

Holdings after grant 241,918 shares Total Common Stock directly held post-transaction

RSUs vesting at 2026 meeting 41,918 shares RSUs vest in full on 2026 Annual Meeting date

Multi-tranche RSUs 200,000 shares Half vest at 2026 Annual Meeting, half on first anniversary

Key Terms

restricted stock units ("RSUs"), Annual Meeting of Stockholders, grant date

3 terms

restricted stock units ("RSUs") financial

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

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Annual Meeting of Stockholders financial

"that 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 (FRMM) report for director Ryan Lewis Smith?

Forum Markets reported that director Ryan Lewis Smith received a grant of 241,918 shares of Common Stock via restricted stock units at $0.00 per share. This is a compensation award, not an open-market purchase, and represents his reported direct holdings after the grant.

How many shares were granted to the Forum Markets (FRMM) director in this Form 4?

The director was granted 241,918 shares of Forum Markets Common Stock through restricted stock units. Of these, 41,918 shares relate to RSUs vesting at the 2026 Annual Meeting, and 200,000 shares relate to RSUs vesting in two equal tranches, subject to continued service.

What is the vesting schedule for the 241,918 Forum Markets (FRMM) RSUs?

41,918 RSU-based shares will vest in full on the date of Forum Markets’ 2026 Annual Meeting of Stockholders. The remaining 200,000 RSU-based shares vest half on that 2026 Annual Meeting date and half on the first anniversary of the grant date, all requiring continued service.

Did the Forum Markets (FRMM) director pay for the 241,918 granted shares?

No, the 241,918 shares were granted at $0.00 per share as an equity award. This indicates a compensation-related grant of restricted stock units rather than a cash-funded, open-market purchase of Forum Markets Common Stock by the director.

How many Forum Markets (FRMM) shares does the director hold after this transaction?

After the April 2, 2026 grant, the director is reported to directly hold 241,918 shares of Forum Markets Common Stock. These holdings are tied to restricted stock units that vest over time, contingent on his continued service with the company.

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

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Accepted by SEC EDGAR 04/03/2026 - 07:09 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^*

Smith Ryan Lewis

(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/ Ryan Smith	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)