FORA 13D/A adds confidentiality pact; key holders at ~12–13%

Rhea-AI Filing Summary

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.

Insights

M&A and Activism Analyst

Consortium moves into formal talks with standstill in place.

The amendment documents a confidentiality agreement with standstill provisions, enabling discussions about a potential acquisition of Forian Inc. This formalizes engagement and allows information exchange while limiting certain actions by the reporting group.

Ownership remains concentrated among key members, with specific stakes such as 12.4% and 12.9% cited for individual reporting persons, calculated against 31,112,312 shares outstanding as of August 13, 2025. The removal of 500,834 issuable shares reflects repayment of earlier notes, tightening reported beneficial ownership.

Actual outcomes depend on negotiations and any proposals that may follow. The confidentiality agreement and standstill frame the process; subsequent disclosures would indicate next steps or deal terms if any emerge.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

Forian Inc.

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

34630N106

(CUSIP Number)

Creighton Condon
599 Lexington Ave.,
New York, NY, 10022
(212) 848-7628

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/29/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

2025 Acquisition Corp

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

0.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

Max C. Wygod

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,328,927.00
8	Shared Voting Power 2,530,475.00
9	Sole Dispositive Power 1,328,927.00
10	Shared Dispositive Power 2,530,475.00

11

Aggregate amount beneficially owned by each reporting person

2,530,475.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.4 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

Emily Bushnell

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 901,224.00
8	Shared Voting Power 2,530,475.00
9	Sole Dispositive Power 901,224.00
10	Shared Dispositive Power 2,530,475.00

11

Aggregate amount beneficially owned by each reporting person

3,431,699.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

11 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

ADMINISTRATIVE TRUST U/ WYGOD FAMILY RV

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,040,899.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,040,899.00

11

Aggregate amount beneficially owned by each reporting person

1,040,899.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.3 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

Anthony Vuolo

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 4,015,795.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 4,015,705.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

4,015,795.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.9 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

ITEMS 7, 9 Includes (i) 3,645,399 shares held by the Max Wygod Family Dynasty Trust of which Mr. Vuolo is trustee and has sole investment and dispositive power; Mr. Vuolo disclaims beneficial ownership of these shares; and 370,396 shares held directly by Mr. Vuolo. ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

WYGOD FAMILY REV LT U/T/A

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,489,576.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,489,576.00

11

Aggregate amount beneficially owned by each reporting person

1,489,576.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.8 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

MAX WYGOD FAMILY DYNASTY TRUST

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 3,645,399.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 3,645,399.00

11

Aggregate amount beneficially owned by each reporting person

3,645,399.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

11.7 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

FEINBERG LARRY N

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 281,380.00
8	Shared Voting Power 1,084,727.00
9	Sole Dispositive Power 281,380.00
10	Shared Dispositive Power 1,084,727.00

11

Aggregate amount beneficially owned by each reporting person

1,366,107.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.4 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

ORACLE PARTNERS, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 935,598.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 935,598.00

11

Aggregate amount beneficially owned by each reporting person

935,598.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

ORACLE INSTITUTIONAL PARTNERS, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 113,929.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 113,929.00

11

Aggregate amount beneficially owned by each reporting person

113,929.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.37 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

ORACLE INVESTMENT MANAGEMENT, INC. EMPLOYEES' RETIREMENT PLAN

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CONNECTICUT

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 28,000.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 28,000.00

11

Aggregate amount beneficially owned by each reporting person

28,000.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.1 %

14

Type of Reporting Person (See Instructions)

EP, OO

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

THE FEINBERG FAMILY FOUNDATION

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CONNECTICUT

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 7,200.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 7,200.00

11

Aggregate amount beneficially owned by each reporting person

7,200.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.0 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

ORACLE ASSOCIATES, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,049,527.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,049,527.00

11

Aggregate amount beneficially owned by each reporting person

1,049,527.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.37 %

14

Type of Reporting Person (See Instructions)

HC, OO

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

ORACLE INVESTMENT MANAGEMENT, INC.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,077,527.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,077,527.00

11

Aggregate amount beneficially owned by each reporting person

1,077,527.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

3.5 %

14

Type of Reporting Person (See Instructions)

CO, IA

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

FEINBERG FAMILY TRUST

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 748,865.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 748,865.00

11

Aggregate amount beneficially owned by each reporting person

748,865.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.4 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

ADAM USDAN

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 748,865.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 748,865.00

11

Aggregate amount beneficially owned by each reporting person

748,865.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.4 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

ITEMS 8, 10, 11 Mr. Usdan disclaims beneficial ownership of these shares. ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

Adam H. Dublin

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

SC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 2,505,533.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 2,505,533.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

2,505,533.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

ADAM H. DUBLIN 2019 FAMILY TRUST

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,831,526.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,831,526.00

11

Aggregate amount beneficially owned by each reporting person

1,831,526.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.9 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

Phyllis Dublin

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 1,831,526.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,831,526.00

11

Aggregate amount beneficially owned by each reporting person

1,831,526.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

5.9 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

ITEMS 8, 10, 11 Ms. Dublin disclaims beneficial ownership of these shares. ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

Edward Francis Spaniel, Jr.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 688,965.00
8	Shared Voting Power 1,831,526.00
9	Sole Dispositive Power 688,965.00
10	Shared Dispositive Power 1,831,526.00

11

Aggregate amount beneficially owned by each reporting person

2,520,491.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.1 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

ITEMS 8, 10 Mr. Spaniel disclaims beneficial ownership of these shares. ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

Carl Berg

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 597,000.00
8	Shared Voting Power 943,878.00
9	Sole Dispositive Power 597,000.00
10	Shared Dispositive Power 943,878.00

11

Aggregate amount beneficially owned by each reporting person

1,540,878.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.9 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

ITEMS 8, 10, 11 Includes (i) 525,000 shares held jointly by Mr. Berg and his spouse, Rachel Berg, (ii) 237,578 shares held by Rachel Berg GST Exempt 2012 Trust, of which Mr. Berg is trustee, (iii) 597,000 shares held directly by Mr. Berg, (iv) 52,000 shares held by Rachel Berg, over which Mr. Berg has investment authority, (v) 32,300 shares held by Eric Berg, over which Mr. Berg has investment authority, (vi) 30,300 shares held by Adam Berg, over which Mr. Berg has investment authority, (vii) 36,700 shares held by Emma Berg, over which Mr. Berg has investment authority, and (viii) 30,000 shares held by Alexander Berg, over which Mr. Berg has investment authority. ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

MARBLE LANE PARTNERS I, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,472,984.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,472,984.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,472,984.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.7 %

14

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

Michael Sawyer

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

SC, PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 717,699.00
8	Shared Voting Power 717,699.00
9	Sole Dispositive Power 717,699.00
10	Shared Dispositive Power 717,699.00

11

Aggregate amount beneficially owned by each reporting person

717,699.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.3 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

NELL AND JANE CAMERON 2006 TRUST

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CONNECTICUT

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 618,908.00
8	Shared Voting Power 618,908.00
9	Sole Dispositive Power 618,908.00
10	Shared Dispositive Power 618,908.00

11

Aggregate amount beneficially owned by each reporting person

618,908.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.0 %

14

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

Shahir Kassam-Adams

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 202,434.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 202,434.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

202,434.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.6 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

360 Ventures, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

VIRGINIA

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

202,434.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.6 %

14

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

Charles Mele

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 103,911.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 103,911.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

103,911.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.3 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

CUSIP No. 34630N106

1

Name of reporting person

Michael Glick

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 80,154.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 80,154.00

11

Aggregate amount beneficially owned by each reporting person

80,154.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.3 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

ITEMS 8, 10 Includes 80,154.00 shares held by Mr. Glick in joint tenancy with his spouse, Sharon Glick. ITEM 13 Calculated based on 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, $0.001 par value per share
(b)	Name of Issuer: Forian Inc.
(c)	Address of Issuer's Principal Executive Offices: 41 University Drive, Suite 400, Newtown, PENNSYLVANIA , 18940.
Item 1 Comment: This Amendment No. 1 to Schedule 13D ("Amendment No. 1") relates to shares of Common Stock, par value $0.001 per share (the "Common Stock") of Forian Inc., a Delaware corporation (the "Issuer"). This Amendment No. 1 is being filed on behalf of the following persons (collectively, the "Reporting Persons"): (i) 2025 ACQUISITION CORPORATION (the "SPV"), a Delaware corporation, (ii) Max. C. Wygod, an individual, (iii) Emily Bushnell, an individual, (iv) the ADMINISTRATIVE TRUST U/ WYGOD FAMILY RV (the "Administrative Trust"), (v) the WYGODFAMILY REV LT U/T/A, (vi) Anthony Vuolo, an individual, (vii) the MAX WYGODFAMILY DYNASTY TRUST, (viii) ORACLE PARTNERS, L.P., a Delaware limited partnership ("Partners"), (ix) ORACLE INSTITUTIONAL PARTNERS, L.P., a Delaware limited partnership ("Institutional Partners"), (x) ORACLE INVESTMENT MANAGEMENT, INC. EMPLOYEES' RETIREMENT PLAN, a employee benefit plan organized in Connecticut (the "Retirement Plan"), (xi) the FEINBERG FAMILY FOUNDATION, a foundation organized in Connecticut (the "Foundation"), (xii) ORACLE ASSOCIATES, LLC, a Delaware limited liability company ("Oracle Associates"), (xiii) ORACLE INVESTMENT MANAGEMENT, INC., a Delaware corporation(the "Investment Manager"), (xiv) Larry N. Feinberg, an individual, (xv) the FEINBERG FAMILY TRUST, a Connecticut Trust, (xvi) Adam Usdan, solely as trustee of the FEINBERG FAMILY TRUST, (xvii) Adam H. Dublin, an individual, (xviii) the ADAM H. DUBLIN 2019 FAMILY TRUST, (xix) Phyllis Dublin, solely as co-trustee of the ADAM H. DUBLIN 2019 FAMILY TRUST, (xx) Edward Francis Spaniel, Jr., an individual and co-trustee of the ADAM H. DUBLIN 2019 FAMILY TRUST, (xxi) Carl Berg, an individual on behalf of Alexander Ryan Berg, Adam Charles Berg, Eric William Berg, and Emma RoseBerg, (xxii) MARBLE LANE PARTNERS I, LLC, (xxiii) Michael Sawyer, an individual, (xxiv) NELL AND JANE CAMERON 2006TRUST, (xxv) Keri Cameron, solely on behalf of the NELL AND JANE CAMERON 2006 TRUST, (xxv) Shahir Kassam-Adams, an individual, (xxvi) 360 Ventures, LLC, a Virginia limited liability company, (xvii) Charles Mele, an individual, and (xxviii) Michael Glick, an individual. and amends the Statement on Schedule 13D filed by the Reporting Persons on August 25, 2025 (the "Initial Schedule 13D").
Item 4.	Purpose of Transaction
	Item 4 of the Initial Schedule 13D is hereby amended and supplemented by adding the following text: On September 29, 2025, the SPV entered into a confidentiality agreement (the "Confidentiality Agreement") with the Issuer, pursuant to which the parties agreed to certain mutual confidentiality restrictions and the Reporting Persons agreed to certain standstill provisions. In connection with the Confidentiality Agreement, the Reporting Persons and Issuer may share information and have discussions regarding the matters set forth above, including the potential acquisition by the Reporting Persons of the Issuer, and the Reporting Persons may make proposals to the Issuer in connection therewith. A copy of the Confidentiality Agreement is filed herewith as Exhibit 99.3.
Item 5.	Interest in Securities of the Issuer
(a)	The information set forth on the cover pages of this Amendment No. 1 is incorporated herein by reference. The percentages used in this Amendment No. 1 are calculated based upon an aggregate of 31,112,312 shares of common stock of the Issuer outstanding as of August 13, 2025, as reported on the Issuer's Quarterly Report on Form 10-Q for the quarter ended June 30, 2025.
(b)	See rows (7) through (10) of the cover pages to Amendment No. 1 for the number of shares of Common Stock as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition. The Administrative Trust previously held 500,834 shares issuable upon conversion of convertible notes that were issued on September 1, 2021 (the "Notes"). On September 1, 2025, the Notes were repaid according to their terms and the share counts have been updated in the Amendment No. 1 to reflect that the underlying shares are no longer beneficially owned by the Reporting Persons. Because of the arrangements in the Consortium Agreement (as defined in Item 4 of the Initial Schedule 13D), the members of the Consortium (as defined in Item 4 of the Initial Schedule 13D) may be deemed to have formed a "group" for purposes of Section 13(d)(3) of the Act. Neither the filing of the Initial Schedule 13D nor any of its contents, however, shall be deemed to constitute an admission by any Reporting Person that it is the beneficial owner of any of the 20,654,385 shares of Common Stock beneficially owned in the aggregate by consortium members other than such shares that it has reported as beneficially owned by it on the Initial Schedule 13D for purposes of Section 13(d) of the Act or for any other purpose, and such beneficial ownership is expressly disclaimed.
(c)	Except as set forth in the Initial Schedule 13D, there have been no transactions in the Common Stock effected during the past 60 days by the Reporting Persons.
(d)	To the knowledge of the Reporting Persons, no person other than each respective Reporting Person has the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the shares beneficially owned by such Reporting Persons.
(e)	Not applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 of the Initial Schedule 13D is hereby amended and supplemented by adding the following text: The description of the Confidentiality Agreement set forth in Item 4 of this of this Amendment No. 1 is incorporated herein by reference.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 99.1* - Offer Letter, dated August 25, 2025 (incorporated by reference to Exhibit 99.1 to the Schedule 13D filed by the Reporting Persons with the SEC on August 25, 2025). sec.gov/Archives/edgar/data/1829280/000094787125000799/xslSCHEDULE_13D_X01/primary_doc.xml Exhibit 99.2* - Consortium Agreement, dated August 25, 2025 incorporated by reference to Exhibit 99.1 to Schedule 13D filed by the Reporting Persons with the SEC on August 25, 2025). sec.gov/Archives/edgar/data/1829280/000094787125000799/xslSCHEDULE_13D_X01/primary_doc.xml Exhibit 99.3 - Confidentiality Agreement, dated September 29, 2025 Exhibit 99.4 - Power of Attorney for Adam H. Dublin, dated as of October 2, 2025 Exhibit 99.5 - Power of Attorney for Adam Usdan, dated as of October 2, 2025 Exhibit 99.6 - Power of Attorney for Anthony Vuolo, dated as of October 2, 2025 Exhibit 99.7 - Power of Attorney for Carl Berg, dated as of October 2, 2025 Exhibit 99.8 - Power of Attorney for Charles Mele, dated as of October 2, 2025 Exhibit 99.9 - Power of Attorney for Edward Francis Spaniel Jr., dated as of October 2, 2025 Exhibit 99.10 - Power of Attorney for Keri Cameron, dated as of October 2, 2025 Exhibit 99.11 - Power of Attorney for Larry Feinberg, dated as of October 2, 2025 Exhibit 99.12 - Power of Attorney for Marble Lane Partners I, LLC, dated as of October 2, 2025 Exhibit 99.13 - Power of Attorney for Michael Glick, dated as of October 2, 2025 Exhibit 99.14 - Power of Attorney for Michael Sawyer, dated as of October 2, 2025 Exhibit 99.15 - Power of Attorney for Phyllis Dublin, dated as of October 2, 2025 Exhibit 99.16 - Power of Attorney for Adam Kassam-Adams, dated as of October 2, 2025 Exhibit 99.17 - Power of Attorney for Emily Bushnell, dated as of October 2, 2025 *Previously filed

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

2025 Acquisition Corp

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod
Date:	10/03/2025

Max C. Wygod

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod
Date:	10/03/2025

Emily Bushnell

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Emily Bushnell
Date:	10/03/2025

ADMINISTRATIVE TRUST U/ WYGOD FAMILY RV

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod, Co-Trustee
Date:	10/03/2025

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Emily Bushnell, Co-Trustee
Date:	10/03/2025

Anthony Vuolo

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Anthony Vuolo
Date:	10/03/2025

WYGOD FAMILY REV LT U/T/A

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod, Co-Trustee
Date:	10/03/2025

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Emily Bushnell, Co-Trustee
Date:	10/03/2025

MAX WYGOD FAMILY DYNASTY TRUST

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Anthony Vuolo, Trustee
Date:	10/03/2025

FEINBERG LARRY N

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Larry N. Feinberg
Date:	10/03/2025

ORACLE PARTNERS, L.P.

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Larry N. Feinberg, Managing Member
Date:	10/03/2025

ORACLE INSTITUTIONAL PARTNERS, L.P.

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Larry N. Feinberg, Managing Member
Date:	10/03/2025

ORACLE INVESTMENT MANAGEMENT, INC. EMPLOYEES' RETIREMENT PLAN

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Larry N. Feinberg, Trustee
Date:	10/03/2025

THE FEINBERG FAMILY FOUNDATION

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Larry N. Feinberg, Trustee
Date:	10/03/2025

ORACLE ASSOCIATES, LLC

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Larry N. Feinberg, Managing Member
Date:	10/03/2025

ORACLE INVESTMENT MANAGEMENT, INC.

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Larry N. Feinberg, President
Date:	10/03/2025

FEINBERG FAMILY TRUST

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Adam Usdan, Trustee
Date:	10/03/2025

ADAM USDAN

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Adam Usdan
Date:	10/03/2025

Adam H. Dublin

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Adam H. Dublin
Date:	10/03/2025

ADAM H. DUBLIN 2019 FAMILY TRUST

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Edward F. Spaniel, Jr., Co-Trustee
Date:	10/03/2025

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Phyllis Dublin
Date:	10/03/2025

Phyllis Dublin

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Phyllis Dublin
Date:	10/03/2025

Edward Francis Spaniel, Jr.

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Edward F. Spaniel, Jr.
Date:	10/03/2025

Carl Berg

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Carl Berg
Date:	10/03/2025

MARBLE LANE PARTNERS I, LLC

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for David Mehlman, Managing Member
Date:	10/03/2025

Michael Sawyer

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Michael Sawyer
Date:	10/03/2025

NELL AND JANE CAMERON 2006 TRUST

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Keri Cameron, Trustee
Date:	10/03/2025

Shahir Kassam-Adams

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Shahir Kassam Adams
Date:	10/03/2025

360 Ventures, LLC

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Shahir Kassam-Adams, General Manager
Date:	10/03/2025

Charles Mele

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Charles Mele
Date:	10/03/2025

Michael Glick

Signature:	/s/ Max C. Wygod
Name/Title:	Max C. Wygod / Attorney-in-fact for Michael Glick
Date:	10/03/2025

FAQ

What did FORA’s Schedule 13D/A disclose?

It disclosed a confidentiality agreement with standstill provisions between Forian and a consortium led by 2025 Acquisition Corp to discuss a potential acquisition.

When was the confidentiality agreement executed for FORA?

The confidentiality agreement was executed on September 29, 2025.

Does the 13D/A mention specific ownership levels in FORA?

Yes. Examples include 2,530,475 shares (12.4%) for Max C. Wygod and 4,015,795 shares (12.9%) for Anthony Vuolo, based on 31,112,312 shares outstanding.

What changed in reported beneficial ownership of FORA?

Convertible notes from September 1, 2021 were repaid on September 1, 2025, removing 500,834 previously issuable shares from reported ownership.

Does the filing guarantee an acquisition of FORA?

No. It permits discussions and proposals under a standstill, but no transaction terms are disclosed.

What exhibits accompany the 13D/A for FORA?

It references a prior offer letter and consortium agreement and includes the new Confidentiality Agreement (Exhibit 99.3) and multiple powers of attorney.