Forrester (FORR) Chief Research Officer RSUs Vest on Aug 1, 2025

Rhea-AI Filing Summary

Filing: Form 4 for Forrester Research, Inc. (FORR) reporting insider Sharyn Leaver, Chief Research Officer.

On 08/01/2025 826 Restricted Stock Units vested and converted into common stock. The issuer withheld 237 shares to satisfy tax withholding at a reported price of $10.94. After these transactions the reporting person’s beneficial ownership is reported as 18,609 shares. The RSUs originated from a grant of 3,305 RSUs dated 08/02/2021, vesting in four equal annual installments on 08/01/2022, 08/01/2023, 08/01/2024 and 08/01/2025. The Form is signed by Maite Garcia, attorney-in-fact, on 08/05/2025.

Positive

• 826 RSUs vested and converted to common stock on 08/01/2025, increasing direct insider ownership prior to withholding.
• Transaction aligns with the disclosed 08/02/2021 grant schedule of 3,305 RSUs vesting in four equal installments.

Negative

• 237 shares were withheld to satisfy tax withholding obligations at a reported price of $10.94, recorded as a disposition on 08/01/2025.

Insights

Securities Analyst

TL;DR: Routine RSU vesting converted to stock with tax-withholding; modest net change in insider holdings.

The filing documents a scheduled vesting event rather than an open-market sale or new grant. 826 RSUs converted to common shares on 08/01/2025 and 237 shares were withheld to cover taxes at $10.94, reducing net new shares received. Beneficial ownership after the transactions is reported as 18,609 shares. This is a standard compensation-related transaction with limited immediate market impact.

Corporate Governance Expert

TL;DR: Transaction reflects standard equity-compensation vesting per the 2021 award schedule; governance implications are routine.

The RSU award of 3,305 units granted on 08/02/2021 vested in its final installment on 08/01/2025. The issuer exercised a withholding provision to satisfy tax obligations by withholding 237 shares. The Form 4 was executed by an attorney-in-fact on 08/05/2025, indicating timely reporting. No indications of unusual insider trading or departures are present in this filing.

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^*

Leaver Sharyn

(Last) (First) (Middle)

C/O FORRESTER RESEARCH, INC.

60 ACORN PARK DRIVE

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2025

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	08/01/2025		M(1)		826	A	$0	18,846	D
Common Stock	08/01/2025		F		237(2)	D	$10.94	18,609	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
Restricted Stock Units	$0(3)	08/01/2025		M			826	(4)	(4)	common stock	826	$0	0	D

Explanation of Responses:

1. Represents the conversion, upon vesting, of restricted stock units into common stock.

2. Represents shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting on August 1, 2025 of the restricted stock units awarded to the reporting person on August 2, 2021. 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.

3. Each Restricted Stock Unit represents the right to receive, following vesting, one share of Forrester Research, Inc. common stock.

4. On August 2, 2021, the reporting person was granted 3,305 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments on August 1, 2022, August 1, 2023, August 1, 2024 and August 1, 2025.

	Maite Garcia, attorney-in-fact for Sharyn Leaver	08/05/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What transaction did Sharyn Leaver report on Form 4 for FORR?

On 08/01/2025 826 RSUs vested and converted into common stock; 237 shares were withheld for taxes at $10.94.

How many shares does Sharyn Leaver beneficially own after the reported transaction (FORR)?

The Form reports beneficial ownership of 18,609 shares following the August 1, 2025 transactions.

What was the original RSU grant and vesting schedule for the shares (FORR)?

The reporting person was granted 3,305 RSUs on 08/02/2021, vesting in four equal installments on 08/01/2022, 08/01/2023, 08/01/2024, and 08/01/2025.

At what price were the withheld shares recorded (FORR)?

The issuer withheld 237 shares to satisfy tax withholding at a price of $10.94 per share.

When was the Form 4 filed and who signed it (FORR)?

The Form 4 was signed by Maite Garcia, attorney-in-fact for Sharyn Leaver, on 08/05/2025.