Forrester CSO receives shares from RSU vesting

Forrester Research Chief Sales Officer Christophe Favre reported routine equity compensation activity tied to restricted stock units (RSUs).

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Form Type

Rhea-AI Filing Summary

Forrester Research Chief Sales Officer Christophe Favre reported routine equity compensation activity tied to restricted stock units (RSUs). On April 1, 2026, RSUs converted into 3,177 shares of common stock as they vested, consistent with prior grants.

To cover tax obligations on this vesting, 1,532 shares were withheld by Forrester at a value of $5.39 per share, a non-market, tax-withholding disposition rather than an open-market sale. After these transactions, Favre holds 13,738 shares of Forrester common stock directly.

Insider Trade Summary

3,177 shares exercised/converted

Exercise 4 txns

Insider Favre Christophe

Role Chief Sales Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	987	$0.00	$0.00
Exercise	Restricted Stock Units	2,190	$0.00	$0.00
Exercise	Common Stock	3,177	$0.00	$0.00
Exercise Price or Tax Liability	Common Stock	1,532	$5.39	$8K

Holdings After Transaction: Restricted Stock Units — 8,542 contracts (Direct); Common Stock — 13,738 shares (Direct)

Footnotes (5)

F1. Represents the conversion, upon vesting, of restricted stock units into common stock.
F2. Represents shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting on April 1, 2026 of the restricted stock units awarded to the reporting person on April 1, 2024 and April 1, 2025. The awards include a provision for the withholding of shares by the Issuer to satisfy withholding taxes due as a result of the vesting of the awards.
F3. Each Restricted Stock Unit represents the right to receive, following vesting, one share of Forrester Research, Inc. common stock.
F4. On April 1, 2024, the reporting person was granted 3,946 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date.
F5. On April 1, 2025, the reporting person was granted 8,760 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date.

Key Figures

RSU conversion: 3,177 shares Tax withholding shares: 1,532 shares Withholding price: $5.39 per share +2 more

5 metrics

RSU conversion 3,177 shares Restricted stock units converted into common stock on April 1, 2026

Tax withholding shares 1,532 shares Shares withheld to satisfy tax obligations at $5.39 per share

Withholding price $5.39 per share Value used for shares withheld for taxes on April 1, 2026

Net new shares from vesting 1,645 shares Approximate net of RSU shares (3,177) minus tax-withheld shares (1,532)

Shares held after transactions 13,738 shares Direct common stock holdings following reported Form 4 transactions

Key Terms

Restricted Stock Units, tax withholding obligations, vesting, derivative security, +1 more

5 terms

Restricted Stock Units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax withholding obligations financial

"Represents shares withheld by the Issuer to satisfy tax withholding obligations upon the vesting on April 1, 2026..."

vesting financial

"On April 1, 2024, the reporting person was granted 3,946 Restricted Stock Units that vest and convert into common stock..."

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

derivative security financial

"transaction_code_description: Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

common stock financial

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

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Forrester (FORR) Chief Sales Officer Christophe Favre report on this Form 4?

Christophe Favre reported routine equity compensation activity. Restricted stock units vested and converted into common shares, and the company withheld some of those shares to cover tax obligations. No open-market purchases or sales were reported in this filing.

How many Forrester (FORR) shares did Christophe Favre receive from RSU vesting?

Favre’s vested restricted stock units converted into 3,177 shares of Forrester common stock. These shares arose automatically from equity awards that vest over time, reflecting part of his compensation package rather than discretionary buying of stock on the open market.

How many Forrester (FORR) shares were withheld for taxes in this Form 4?

Forrester withheld 1,532 shares of common stock from Favre to satisfy tax withholding obligations on April 1, 2026. This tax-withholding disposition is a standard mechanism and does not represent a market sale initiated through a stock exchange transaction.

How many Forrester (FORR) shares does Christophe Favre hold after these transactions?

After the RSU vesting and related tax withholding, Favre directly holds 13,738 shares of Forrester common stock. This post-transaction figure reflects his continuing equity stake as reported in the Form 4, following the routine compensation-related share activity.

Were Christophe Favre’s Forrester (FORR) transactions open-market buys or sells?

No open-market buys or sells were reported. The filing shows RSUs converting into common shares and shares withheld by the company for taxes. These are compensation and tax events, distinct from discretionary trading on the open market by the executive.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 04/29/2026 - 03:11 PM EDT

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^*

Favre Christophe

(Last)

(First)

(Middle)

C/O FORRESTER RESEARCH, INC.

60 ACORN PARK DRIVE

(Street)

CAMBRIDGE

MASSACHUSETTS

02140

(City)

(State)

(Zip)

UNITED STATES

(Country)

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 Sales Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/29/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/01/2026		M⁽¹⁾		3,177	A	$0	15,270	D
Common Stock	04/01/2026		F		1,532⁽²⁾	D	$5.39	13,738	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0⁽³⁾	04/01/2026		M			987	⁽⁴⁾	⁽⁴⁾	Common Stock	987	$0	1,972	D
Restricted Stock Units	$0⁽³⁾	04/01/2026		M			2,190	⁽⁵⁾	⁽⁵⁾	Common Stock	2,190	$0	6,570	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 April 1, 2026 of the restricted stock units awarded to the reporting person on April 1, 2024 and April 1, 2025. The awards include a provision for the withholding of shares by the Issuer to satisfy withholding taxes due as a result of the vesting of the awards.

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

4. On April 1, 2024, the reporting person was granted 3,946 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date.

5. On April 1, 2025, the reporting person was granted 8,760 Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments beginning on the first anniversary of the grant date.

	Maite Garcia, attorney-in-fact for Christophe Favre	04/29/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR