FORUM MARKETS Inc (FRMM) CFO receives 358,592-share equity grant

Rhea-AI Filing Summary

Saunders John Tazewell reported acquisition or exercise transactions in this Form 4 filing.

FORUM MARKETS Inc Chief Financial Officer John Tazewell Saunders reported an equity award of 358,592 shares of Common Stock. After this grant, he directly holds 358,592 shares.

The award includes 163,636 shares underlying performance-based restricted stock units (PSUs) and 109,091 shares underlying restricted stock units (RSUs). Each PSU and RSU represents a contingent right to one share of Common Stock. The PSUs vest in three equal tranches once specified stock price targets are met within five years of grant and certain calendar dates are reached, subject to continued employment. The RSUs vest in one-third installments on August 1 of 2026, 2027 and 2028, also requiring continued employment.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Saunders John Tazewell

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	358,592	$0.00	--

Holdings After Transaction: Common Stock — 358,592 shares (Direct)

Footnotes (1)

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Key Figures

Equity award size: 358,592 shares Post-grant holdings: 358,592 shares PSU underlying shares: 163,636 shares +4 more

7 metrics

Equity award size 358,592 shares Common Stock granted to CFO on April 2, 2026

Post-grant holdings 358,592 shares CFO direct ownership following transaction

PSU underlying shares 163,636 shares Performance-based restricted stock units in award

RSU underlying shares 109,091 shares Time-based restricted stock units in award

Grant price $0.0000 per share Reported transaction price per share for the award

PSU performance window 5 years Stock price targets must be met within five years after grant

RSU vest dates August 1, 2026–2028 RSUs vest in one-third installments on these dates

Key Terms

performance-based restricted stock units, restricted stock units, contingent right, vests, +2 more

6 terms

performance-based restricted stock units financial

"Consists of (i) 163,636 shares of Common Stock underlying performance-based restricted stock units ("PSUs")"

Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.

restricted stock units financial

"and (ii) 109,091 shares of Common Stock underlying restricted stock units ("RSUs")."

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.

contingent right financial

"Each PSU and RSU represents a contingent right to receive one share of Common Stock."

vests financial

"The PSUs consist of three equal tranches, each of which vests on the later of the date that"

stock price performance target financial

"the date that (a) a specified Issuer stock price performance target is met within five years"

continued employment financial

"subject to the Reporting Person's continued employment through such later date."

Continued employment means that an individual remains in their current job without interruption. For investors, it signals stability and ongoing work that can affect company performance and future prospects. Like a steady heartbeat for a business, sustained employment helps ensure consistent operations and financial health.

Form 4 Insider Transactions: What Each Field Means →

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^*

Saunders John Tazewell

(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)

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

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		358,592(1)	A	$0.00	358,592	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) 163,636 shares of Common Stock underlying performance-based restricted stock units ("PSUs") and (ii) 109,091 shares of Common Stock underlying restricted stock units ("RSUs"). Each PSU and RSU represents a contingent right to receive one share of Common Stock. The PSUs consist of three equal tranches, each of which vests on the later of the date that (a) a specified Issuer stock price performance target is met within five years after the grant date and (b) a specified date, subject to the Reporting Person's continued employment through such later date. The RSUs will vest in one-third installments on August 1 of each of 2026, 2027 and 2028, subject to the Reporting Person's continued employment through each such date.

	/s/ John Saunders	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)

FAQ

What insider transaction did FORUM MARKETS (FRMM) report for its CFO?

FORUM MARKETS reported that CFO John Tazewell Saunders received an equity award of 358,592 shares of Common Stock. This grant consists of performance-based restricted stock units and time-based restricted stock units, all subject to future vesting conditions and continued employment.

How many FORUM MARKETS shares were granted to the CFO in this Form 4?

The CFO was granted 358,592 shares of Common Stock in total. This includes 163,636 shares tied to performance-based restricted stock units and 109,091 shares tied to time-based restricted stock units, each representing a right to receive one share upon vesting.

What are the vesting conditions for the FORUM MARKETS CFO PSUs?

The performance-based restricted stock units (PSUs) cover 163,636 shares and vest in three equal tranches. Each tranche vests only after specified stock price performance targets are met within five years of grant and certain dates occur, assuming the CFO remains employed through those later dates.

When do the FORUM MARKETS CFO RSUs vest according to the filing?

The restricted stock units (RSUs) tied to 109,091 shares vest in three equal installments. Vesting dates are August 1 of 2026, 2027, and 2028, and each installment requires the CFO’s continued employment with FORUM MARKETS through the applicable vesting date.

How many FORUM MARKETS shares does the CFO hold after this equity award?

Following the reported equity award, the CFO directly owns 358,592 shares of Common Stock. This reflects his holdings immediately after the grant, as disclosed in the Form 4, and provides a snapshot of his current direct equity position in FORUM MARKETS.

Does the FORUM MARKETS CFO award involve any purchase or sale of shares?

The transaction is categorized as a grant or award acquisition rather than a purchase or sale. The price per share is reported as 0.0000, indicating a compensation-related equity grant, with future vesting based on performance and time conditions instead of an open-market trade.