Forian Inc SEC Filings

Forian Inc. (FORA)150,000 restricted stock units on November 2, 2025. The filing notes an acquisition (Code A) and lists a price of $2.24.

According to the footnote, these RSUs vest in four equal annual installments beginning on September 8, 2026 and convert into common stock on a one-for-one basis. Following the reported transaction, the filing lists 150,000 securities beneficially owned, held directly.

Forian Inc. (FORA): Schedule 13D/A signals active M&A discussions. A consortium led by 2025 Acquisition Corp entered into a confidentiality agreement with Forian on September 29, 2025, including standstill provisions. The agreement permits information sharing and discussions regarding a potential acquisition of the company, and the reporting persons may make proposals to Forian.

The amendment also updates beneficial ownership and clarifies prior instruments: convertible notes issued on September 1, 2021 were repaid on September 1, 2025, removing 500,834 previously issuable shares from reported beneficial ownership. Select reported stakes include Max C. Wygod at 2,530,475 shares (12.4% of the class) and Anthony Vuolo at 4,015,795 shares (12.9%). Percentages are based on 31,112,312 shares outstanding as of August 13, 2025.

The filing references an offer letter and a consortium agreement previously filed, and attaches the new confidentiality agreement as an exhibit.

This Amendment No. 2 to a Schedule 13D reports that several related reporting persons led by Max C. Wygod and Emily Bushnell hold meaningful positions in Forian Inc. (Common Stock). The filing uses a 31,112,312 share base to calculate ownership and shows reporting percentages of 12.4% (Max C. Wygod beneficial aggregate 2,530,475 shares), 11% (Emily Bushnell aggregate 3,431,699 shares) and smaller trusts and the estate holding between 0.2% and 4.8%. The amendment discloses a Confidentiality Agreement dated September 29, 2025 under which the parties may exchange information and discuss a potential acquisition of the Issuer and includes standstill provisions. The filing also notes that convertible notes held by the Administrative Trust were repaid on September 1, 2025, and underlying shares are no longer beneficially owned by the Reporting Persons.

Form 3 filing by Caroline Strickland McGrail, General Counsel of Forian Inc. (FORA). The report, covering the 09/08/2025 event, discloses that the reporting person does not beneficially own any securities of the issuer. The form is signed by Caroline McGrail on 09/24/2025 and provides the reporting person's Newtown, PA business address.

Forian Inc. (FORA) insider report: Michael Vesey, Chief Financial Officer, reported a transaction dated 09/02/2025 in which 3,300 shares of Common Stock were disposed under code F and a reported price of $2.11 per share. The filing states these shares were withheld by the issuer to satisfy tax withholding obligations in connection with the net settlement of vested restricted stock units, and not sold on the market. Following the transaction, Vesey beneficially owns 630,382 shares. The form is signed 09/04/2025.

Consortium delivers non-binding going-private proposal for Forian Inc. A group of related investors led by Max C. Wygod and other reporting persons delivered an Offer Letter to Forian's board proposing to acquire all outstanding common stock not owned by the Consortium in a going-private transaction. The members executed a Consortium Agreement dated August 25, 2025, to govern cooperation; copies are filed as Exhibits 99.1 and 99.2. The filing reports individual beneficial ownership stakes, including Max C. Wygod (14.7%), Anthony Vuolo (12.9%), and other consortium-affiliated trusts and persons, calculated on 31,112,312 outstanding shares. The Offer Letter is non-binding, any transaction would require special committee approval and definitive documentation, financing sources are not finalized, and consummation would terminate Forian's Nasdaq registration if completed.

Amendment No. 1 to Schedule 13D for Forian Inc. (FORA) reports that a consortium including Max C. Wygod, Emily Bushnell, two Wygod family trusts and the Estate of Martin J. Wygod delivered a non-binding offer letter on August 25, 2025 proposing a going-private acquisition of all outstanding common stock not owned by the consortium. The filing states the consortium entered a Consortium Agreement governing cooperation and exclusivity in pursuing the Proposed Transaction. The consortium members collectively report up to 14.7% beneficial ownership (4,360,236 shares by Max Wygod) and individual holdings including 12.6% (3,932,533 shares) by Emily Bushnell and trust holdings of 5.0% and 4.8%. Funding is expected from personal resources, third-party financing and the company’s cash, but terms are not finalized. The Offer Letter is non-binding and any transaction would be conditioned on a disinterested special committee and definitive agreements.