Forrester (FORR) Director Withholds 198 Shares for Taxes After RSU Vesting

Rhea-AI Filing Summary

Neil Bradford, a director of Forrester Research, Inc. (FORR), reported a transaction on 09/01/2025 in which 198 shares of Common Stock were disposed under transaction code F at a price of $9.74 per share. After the disposition, Bradford beneficially owned 38,195 shares directly. The filing explains these 198 shares were withheld by the issuer to satisfy tax-withholding obligations upon the vesting of restricted stock units granted on June 1, 2025. The Form 4 was signed by an attorney-in-fact, Maite Garcia, on 09/02/2025.

Positive

• Timely and transparent disclosure of the transaction on Form 4, signed by an attorney-in-fact on 09/02/2025
• Disposition was tax withholding related to RSU vesting (June 1, 2025), not an active market sale
• Significant retained direct ownership remains at 38,195 shares following the withholding

Negative

• None.

Insights

Financial Analyst

TL;DR: Routine insider share withholding for taxes; not a market-selling signal and ownership remains material.

The reported disposition of 198 shares at $9.74 appears to be a tax-withholding action linked to RSU vesting rather than an active sale for cash. Such withholdings are common and generally neutral for stock-price signaling because they do not reflect a voluntary decision to monetize equity. Post-transaction direct ownership of 38,195 shares indicates continued alignment with shareholders. No derivative transactions were reported.

Corporate Governance Expert

TL;DR: Compliance filing documents a standard tax-related withholding; disclosure was timely and complete.

The Form 4 discloses the nature of the disposition and cites the RSU vesting and issuer withholding provision, which satisfies Section 16 reporting expectations. The use of an attorney-in-fact to sign the form is documented with a 09/02/2025 signature date. From a governance perspective, this is a routine, transparent disclosure with no indications of unusual insider activity.

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
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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^*

BRADFORD NEIL

(Last) (First) (Middle)

C/O FORRESTER RESEARCH, INC.

60 ACORN PARK DR.

(Street)

CAMBRIDGE MA 02140

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
FORRESTER RESEARCH, INC. [ FORR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025

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	09/01/2025		F		198(1)	D	$9.74	38,195	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 withheld by the Issuer to satisfy tax withholding obligations upon the vesting on September 1, 2025 of the restricted stock units awarded to the reporting person on June 1, 2025. The award includes a provision for the withholding of shares by the Issuer to satisfy withholding taxes due as a result of the vesting of the award.

	Maite Garcia, attorney-in-fact for Neil Bradford	09/02/2025
	** 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 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.

FAQ

What did Forrester director Neil Bradford report on Form 4 (FORR)?

He reported a disposition of 198 shares on 09/01/2025 under transaction code F at $9.74 per share, leaving 38,195 shares beneficially owned.

Why were the 198 shares disposed according to the filing?

The filing states the 198 shares were withheld by the issuer to satisfy tax-withholding obligations upon the vesting of restricted stock units awarded on June 1, 2025.

Does this Form 4 show any option exercises or derivative transactions for Neil Bradford?

No. Table II lists no derivative transactions; only a non-derivative share withholding is reported in Table I.

When was the Form 4 signed and by whom?

The Form 4 was signed by Maite Garcia, attorney-in-fact for Neil Bradford on 09/02/2025.