Forian (FORA) CFO logs RSU tax-withholding, retains 589,610 shares

Rhea-AI Filing Summary

Forian Inc. Chief Financial Officer Michael Vesey reported a Form 4 insider transaction involving company common stock. On February 13, 2026, 4,918 shares were disposed of at a reported price of $2.10 per share in a tax-withholding disposition related to the net settlement of vested restricted stock units. According to the disclosure, this was not a market transaction but shares withheld by the company to cover tax obligations. After this event, Vesey directly owned 589,610 shares of Forian common stock.

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

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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)
02/13/2026

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	02/13/2026		F		4,918(1)	D	$2.1	589,610	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	02/18/2026
	** 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).
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FAQ

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

Forian (FORA) reported that CFO Michael Vesey disposed of 4,918 common shares through tax withholding tied to vested restricted stock units. This was a non-market transaction, with shares withheld by the company to satisfy tax obligations, leaving him with 589,610 directly owned shares.

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

No, the Forian (FORA) CFO’s Form 4 transaction was not an open market sale. The filing states the shares were withheld by the issuer to satisfy tax withholding and remittance obligations from net-settled vested restricted stock units, classifying it as a tax-withholding disposition.

How many Forian (FORA) shares did the CFO dispose of for tax withholding?

The Forian (FORA) CFO disposed of 4,918 common shares in a tax-withholding transaction. These shares were withheld by the issuer to cover tax obligations arising from the net settlement of vested restricted stock units, rather than being sold in the open market.

How many Forian (FORA) shares does the CFO own after this Form 4 transaction?

After the reported Form 4 transaction, the Forian (FORA) CFO directly owns 589,610 common shares. This balance reflects the 4,918 shares withheld by the issuer to satisfy tax withholding obligations related to the vesting and net settlement of restricted stock units.

What does transaction code F mean in the Forian (FORA) CFO Form 4?

In the Forian (FORA) CFO’s Form 4, transaction code F indicates a tax-withholding disposition. The filing explains the shares were withheld by the issuer to satisfy tax withholding and remittance obligations tied to net settlement of vested restricted stock units, not an open market trade.