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Forrester (NASDAQ: FORR) CFO logs RSU vesting and share withholding for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Forrester Research Chief Financial Officer Leo Christian Finn reported several equity transactions dated March 1, 2026. He acquired common stock through the vesting and conversion of restricted stock units, which the company notes convert into one share of common stock each.

The transactions include the exercise or conversion of restricted stock units into 6,266 shares of common stock, reflecting vesting from awards originally granted on March 1, 2022 and March 1, 2023 that vest in four equal annual installments. After these conversions, he directly owned 33,518 shares of common stock before tax withholding.

To satisfy tax withholding obligations arising from the vesting on March 1, 2026, 2,170 shares of common stock were withheld by Forrester Research at a price of $5.98 per share. Following this tax-withholding disposition, Finn directly held 31,348 shares of common stock.

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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*
Finn Leo Christian

(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 Financial Officer
3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026
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 03/01/2026 M(1) 6,266 A $0 33,518 D
Common Stock 03/01/2026 F 2,170(2) D $5.98 31,348 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) 03/01/2026 M 2,483 (4) (4) Common Stock 2,483 $0 0 D
Restricted Stock Units $0(3) 03/01/2026 M 3,783 (5) (5) Common Stock 3,783 $0 3,784 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 March 1, 2026 of the restricted stock units awarded to the reporting person on March 1, 2022 and March 1, 2023. 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 is the equivalent of one share of Forrester Research, Inc. common stock.
4. On March 1, 2022, the reporting person was granted 9,934 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 March 1, 2023, the reporting person was granted 15,133 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 Leo Christian Finn 03/03/2026
** 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.

FAQ

What insider transactions did FORR’s CFO report on March 1, 2026?

Forrester’s CFO reported RSU vesting and related share withholding on March 1, 2026. Restricted stock units converted into 6,266 common shares, and 2,170 shares were withheld by the company to cover tax obligations tied to these vesting events.

How many FORR shares does the CFO own after these Form 4 transactions?

After the March 1, 2026 transactions, the CFO directly holds 31,348 FORR common shares. This reflects RSU conversions into 6,266 shares, followed by 2,170 shares withheld by the company to satisfy tax withholding requirements on the vested awards.

Were the FORR CFO’s March 2026 transactions open-market purchases or sales?

The March 1, 2026 transactions were RSU conversions and tax-withholding, not open-market trades. Restricted stock units converted into common stock, and shares were withheld by Forrester Research to pay taxes due upon vesting of the equity awards.

What restricted stock unit grants underlie the FORR CFO’s March 2026 vesting?

The vesting relates to RSU grants from March 1, 2022 and March 1, 2023. The CFO received 9,934 RSUs in 2022 and 15,133 RSUs in 2023, each grant vesting and converting into common stock in four equal annual installments.

At what price were FORR shares withheld for the CFO’s tax obligations?

Shares were withheld at a price of $5.98 per FORR share. On March 1, 2026, Forrester Research retained 2,170 common shares from the CFO’s vested awards to satisfy tax withholding obligations at this specified per-share value.

What do FORR restricted stock units represent for the CFO’s holdings?

Each FORR restricted stock unit equals one share of common stock upon vesting. As they vest, the units convert into common shares, increasing the CFO’s direct holdings before any shares are withheld by the company to cover related tax obligations.
Forrester Resh Inc

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119.34M
11.26M
Consulting Services
Services-engineering, Accounting, Research, Management
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United States
CAMBRIDGE