Forrester (FORR) CLO gets 25,000 RSUs as earlier awards vest

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Forrester Research Chief Legal Officer Ryan Darrah reported routine equity compensation activity. On April 1, 2026, restricted stock units vested and converted into 9,318 shares of common stock, while 3,641 shares were withheld at $5.39 per share to cover tax obligations.

Darrah also received a new grant of 25,000 restricted stock units on April 1, 2026, each representing one future share of common stock and scheduled to vest in four equal annual installments beginning on the first anniversary of the grant date. Following these transactions, Darrah holds 32,244 shares of common stock directly and 25,000 restricted stock units.

Insider Trade Summary

9,318 shares exercised/converted

Mixed 5 txns

Insider Darrah Ryan

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	3,901	$0.00	--
Exercise	Restricted Stock Units	5,417	$0.00	--
Grant/Award	Restricted Stock Units	25,000	$0.00	--
Exercise	Common Stock	9,318	$0.00	--
Tax Withholding	Common Stock	3,641	$5.39	$20K

Holdings After Transaction: Restricted Stock Units — 7,800 shares (Direct); Common Stock — 35,885 shares (Direct)

Footnotes (1)

Represents the conversion, upon vesting, of restricted stock units into common stock. 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. Each Restricted Stock Unit represents the right to receive, following vesting, one share of Forrester Research, Inc. common stock. On April 1, 2024, the reporting person was granted 15,602 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. On April 1, 2025, the reporting person was granted 23,333 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. On April 1, 2026, the reporting person was granted 25,000 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

Shares from RSU vesting: 9,318 shares Shares withheld for taxes: 3,641 shares Tax withholding price: $5.39 per share +4 more

7 metrics

Shares from RSU vesting 9,318 shares Common stock received upon RSU vesting on April 1, 2026

Shares withheld for taxes 3,641 shares Withheld at $5.39 per share to cover tax obligations

Tax withholding price $5.39 per share Value used for shares withheld for tax obligations

New RSU grant 25,000 RSUs Granted April 1, 2026, vesting in four equal annual installments

Common shares held after transactions 32,244 shares Direct Forrester common stock ownership after April 1, 2026

RSUs held after grant 25,000 RSUs Unvested restricted stock units outstanding after April 1, 2026

Prior RSU grants 15,602 and 23,333 RSUs Grants on April 1, 2024 and April 1, 2025 vesting in four installments

Key Terms

Restricted Stock Units, tax withholding obligations, vest and convert into common stock, grant, award, or other acquisition, +1 more

5 terms

Restricted Stock Units financial

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

vest and convert into common stock financial

"Restricted Stock Units that vest and convert into common stock in four equal and consecutive installments..."

grant, award, or other acquisition financial

"Grant, award, or other acquisition"

Chief Legal Officer financial

"Chief Legal Officer"

A chief legal officer is a senior executive responsible for overseeing a company's legal matters, ensuring that its activities comply with laws and regulations. They act like a company's legal guide, helping to prevent legal problems and manage risks. For investors, understanding this role is important because it reflects how well a company manages legal risks that could impact its stability and reputation.

Form 4 Insider Transactions: What Each Field Means →

04/02/2026 - 04:27 PM

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^*

Darrah Ryan

(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 Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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⁾		9,318	D	$0	35,885	D
Common Stock	04/01/2026		F		3,641⁽²⁾	D	$5.39	32,244	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			3,901	⁽⁴⁾	⁽⁴⁾	Common Stock	3,901	$0	7,800	D
Restricted Stock Units	$0⁽³⁾	04/01/2026		M			5,417	⁽⁵⁾	⁽⁵⁾	Common Stock	5,417	$0	17,916	D
Restricted Stock Units	$0⁽³⁾	04/01/2026		A		25,000		⁽⁶⁾	⁽⁶⁾	Common Stock	25,000	$0	25,000	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 15,602 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 23,333 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.

6. On April 1, 2026, the reporting person was granted 25,000 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 Ryan Darrah	04/02/2026
	** 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

FAQ

What insider transactions did Forrester (FORR) report for Ryan Darrah?

Forrester reported that Chief Legal Officer Ryan Darrah had restricted stock units vest into 9,318 common shares and received a new grant of 25,000 restricted stock units. Shares were also withheld to satisfy tax obligations related to the vesting event.

How many Forrester (FORR) shares does Ryan Darrah hold after these transactions?

After the April 1, 2026 transactions, Ryan Darrah directly holds 32,244 shares of Forrester common stock. In addition, Darrah holds 25,000 restricted stock units that will convert into common shares as they vest in future annual installments.

What restricted stock unit grant did Ryan Darrah receive from Forrester (FORR)?

On April 1, 2026, Ryan Darrah was granted 25,000 restricted stock units. Each unit represents the right to receive one share of Forrester common stock, vesting in four equal annual installments starting on the first anniversary of the grant date.

How were taxes handled on Ryan Darrah’s Forrester (FORR) RSU vesting?

To satisfy tax withholding obligations from the April 1, 2026 vesting, 3,641 Forrester shares were withheld by the company at $5.39 per share. This tax withholding is a non-market disposition and does not represent an open-market sale of shares.

What does the RSU vesting mean for Forrester (FORR) insider ownership?

The RSU vesting converted 9,318 units into Forrester common shares for Ryan Darrah, increasing direct share ownership while simultaneously reducing outstanding RSUs. The separate 25,000-unit grant adds future potential share ownership as those units vest over four years.