Forian (NASDAQ: FORA) CFO has 18,077 shares withheld for taxes owed

Rhea-AI Filing Summary

Forian Inc. reported an insider equity transaction by its Chief Financial Officer, Michael Vesey. On 01/12/2026, 18,077 shares of Forian common stock were withheld at a price of $2.12 per share to satisfy tax withholding and remittance obligations tied to the net settlement of vested restricted stock units, and this was not a market transaction.

Following this tax-related share withholding, Vesey beneficially owned 594,528 shares of Forian common stock in direct ownership.

Insider Trade Summary

Net Seller: 18,077 shares

Net Sell 1 txn

Insider VESEY MICHAEL

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock	18,077	$2.12	$38K

Holdings After Transaction: Common Stock — 594,528 shares (Direct)

Footnotes (1)

1. F1. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/14/2026 - 04:41 PM Learn about SEC filing dates

FAQ

What insider transaction did Forian (FORA) disclose for its CFO?

Forian Inc. disclosed that Chief Financial Officer Michael Vesey had 18,077 shares of common stock withheld on 01/12/2026 in connection with the net settlement of vested restricted stock units.

Was the Forian (FORA) CFO’s Form 4 transaction a market sale?

No. The filing states the 18,077 shares "have been withheld by the Issuer to satisfy tax withholding and remittance obligations" in connection with vested restricted stock units and are not a market transaction.

At what price were the 18,077 Forian shares valued in the CFO’s transaction?

The 18,077 shares of Forian common stock were reported at a price of $2.12 per share for this tax-withholding transaction.

How many Forian (FORA) shares does CFO Michael Vesey own after this transaction?

After the reported transaction, Chief Financial Officer Michael Vesey beneficially owned 594,528 shares of Forian common stock in direct ownership.

What role does the reporting person hold at Forian Inc.?

The reporting person, Michael Vesey, serves as the Chief Financial Officer of Forian Inc., as indicated in the filing.

Is this Forian Form 4 filed by one or multiple reporting persons?

This Form 4 is indicated as being filed by one reporting person, specifically Chief Financial Officer Michael Vesey.

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^*

VESEY MICHAEL

(Last) (First) (Middle)

C/O FORIAN INC.

41 UNIVERSITY DRIVE, SUITE 400

(Street)

NEWTOWN PA 18940

(City) (State) (Zip)

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

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

3. Date of Earliest Transaction (Month/Day/Year)
01/12/2026

4. 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 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	01/12/2026		F		18,077(1)	D	$2.12	594,528	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. Represents shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of vested restricted stock units and not a market transaction.

	/s/ Michael Vesey	01/14/2026
	** 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.