Director at FORUM MARKETS (ETHZ) receives 241,918-share RSU equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
New Jason Griffin reported acquisition or exercise transactions in this Form 4 filing.
FORUM MARKETS Inc director Jason Griffin New reported an equity grant of company stock. He received 241,918 shares of Common Stock as a grant or award, raising his directly held position to 241,918 shares.
Footnotes explain these are restricted stock units. They consist of 41,918 shares that will vest in full on the date of the company’s 2026 Annual Meeting of Stockholders, and 200,000 shares that vest in two equal installments: half on the 2026 Annual Meeting date and half on the first anniversary of the grant date, in each case contingent on his continued service. In addition, 56,603 shares are held indirectly through New Island Capital LLC, an entity he founded and manages, although he disclaims beneficial ownership beyond his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
New Jason Griffin
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 241,918 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 241,918 shares (Direct);
Common Stock — 56,603 shares (Indirect, By New Island Capital LLC)
Footnotes (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. The Reporting Person is the founder and managing partner of New Island Capital LLC, and therefore deemed to beneficially own the securities held by such entity. Mr. New disclaims beneficial ownership of the securities owned directly by New Island Capital LLC, except to the extent of his pecuniary interest therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
Key Figures
RSU grant size: 241,918 shares
Meeting-based vesting tranche: 41,918 shares
Two-tranche RSU component: 200,000 shares
+3 more
6 metrics
RSU grant size
241,918 shares
Common Stock grant/award to director Jason Griffin New
Meeting-based vesting tranche
41,918 shares
RSUs vest in full on 2026 Annual Meeting date
Two-tranche RSU component
200,000 shares
RSUs vest half at 2026 Annual Meeting, half one year after grant
Direct holdings after grant
241,918 shares
Total directly held Common Stock following transaction
Indirect holdings via LLC
56,603 shares
Common Stock held by New Island Capital LLC
Grant price per share
$0.0000 per share
Indicates compensation-related equity award, not market purchase
Key Terms
restricted stock units, RSUs, pecuniary interest, beneficial ownership, +1 more
5 terms
restricted stock units financial
"Consists of (i) 41,918 shares of Common Stock underlying restricted stock units ("RSUs") that will vest in full"
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.
RSUs financial
"200,000 shares of Common Stock underlying RSUs, half of which will vest on the date"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
pecuniary interest financial
"except to the extent of his pecuniary interest therein and this report shall not be deemed"
beneficial ownership financial
"therefore deemed to beneficially own the securities held by such entity. Mr. New disclaims beneficial ownership"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Section 16 regulatory
"beneficial owner of the securities for purposes of Section 16 or for any other purpose"
Section 16 is a U.S. securities law rule that governs the trading and disclosure obligations of company insiders — typically officers, directors and large shareholders — to promote transparency and deter unfair profit-taking. It requires insiders to publicly report their stock trades and allows companies or the issuer to reclaim quick, short-term profits from certain insider trades, like a scoreboard and a refund policy that help investors see and limit possible insider advantage.
FAQ
What insider transaction did FORUM MARKETS (ETHZ) disclose in this Form 4?
FORUM MARKETS disclosed that director Jason Griffin New received 241,918 shares of Common Stock as a grant or award. These shares are structured as restricted stock units with future vesting, increasing his directly held ownership position in the company.
What is the vesting schedule for Jason Griffin New’s FORUM MARKETS (ETHZ) RSU grant?
The grant includes 41,918 RSU-based shares that vest in full on the 2026 Annual Meeting date. An additional 200,000 RSU-based shares vest in two equal tranches: half on that 2026 Annual Meeting date and half on the first anniversary of the grant, subject to continued service.
Is Jason Griffin New’s FORUM MARKETS (ETHZ) grant a market purchase or compensation award?
The filing characterizes the transaction as a grant or award acquisition at a price of $0.0000 per share. This indicates a compensation-related equity award, not an open-market purchase, and reflects standard director or executive compensation practices.