[Form 3] Forian Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

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.

Insights

Financial Analyst

TL;DR: Initial Form 3 shows no owned equity by the reporting officer, presenting no immediate impact on share ownership metrics.

The filing documents an officer's initial Section 16 disclosure with an explicit statement that no securities are beneficially owned as of the reported event date. For investors and analysts, this is a routine compliance disclosure and does not change outstanding share counts or insider ownership statistics.

Corporate Governance Expert

TL;DR: Routine governance filing; confirms officer identity and address but reports no beneficial ownership.

The Form 3 properly identifies the reporting person as General Counsel and Officer and supplies required contact details. The explicit declaration of no beneficial ownership is permissible on an initial statement and signals no insider holdings to disclose at this time. This is procedural and not material by itself.

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

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1. Name and Address of Reporting Person^*

McGrail Caroline Strickland

(Last) (First) (Middle)

C/O FORIAN INC.

41 UNIVERSITY AVE., SUITE 400

(Street)

NEWTOWN PA 18940

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/08/2025

3. Issuer Name and Ticker or Trading Symbol
Forian Inc. [ FORA ]

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

No securities are beneficially owned.

	/s/ Caroline McGrail	09/24/2025
	** 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 5 (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.

FAQ

What does the Form 3 for Forian Inc. (FORA) filed by Caroline McGrail disclose?

The Form 3 discloses that Caroline McGrail, General Counsel of Forian Inc., does not beneficially own any securities of the company as of the reported event date 09/08/2025.

What is the reporting person's title and address on the Form 3 for FORA?

The reporting person is listed as General Counsel and the business address is c/o Forian Inc., 41 University Ave., Suite 400, Newtown, PA 18940.

When was the event requiring the Form 3 reported and when was the form signed?

The event date is 09/08/2025 and the Form 3 is signed by Caroline McGrail on 09/24/2025.

Does the Form 3 indicate any indirect ownership or derivative holdings?

No. The filing explicitly states 'No securities are beneficially owned.' There are no listed indirect or derivative holdings in the document.