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  4. [Form 3] Forbright, Inc. Initial Statement of Beneficial Ownership

Forbright (FRBT) President & COO details initial stock and option holdings

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Forbright, Inc. President and COO Donald F. Cole filed an initial ownership report showing direct holdings of 243,672 shares of Class A Common Stock. This includes restricted stock awards that vest over three to five years from grants made in March 2025, February 2026, and April 2026.

Cole also reports stock options over 325,000 shares at an exercise price of $17.04 and 437,200 shares at $12.63, both expiring on April 15, 2031. Portions of these options vest annually, with part of one grant subject to performance-based stock price hurdles.

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Insider COLE DONALD F
Role President and COO
Type Security Shares Price Value
holding Stock Option (right to buy) -- -- --
holding Stock Option (right to buy) -- -- --
holding Class A Common Stock -- -- --
Holdings After Transaction: Stock Option (right to buy) — 762,200 shares (Direct); Class A Common Stock — 243,672 shares (Direct)
Footnotes (3)
  1. F1. Includes (i) 33,505 restricted stock awards ("RSAs") granted on March 13, 2025 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (ii) 17,610 RSAs granted on February 12, 2026 that vest in three substantially equal annual installments on the first three anniversaries of the grant date; and (iii) 108,749 RSAs granted on April 29, 2026 that vest in three substantially equal annual installments on the first three anniversaries of the grant date.
  2. F2. These options were granted on April 15, 2021 and vest in five equal annual installments on the first five anniversaries of the grant date, of which 177,200 options are also subject to performance-based vesting conditions based on pre-established stock price hurdles.
  3. F3. These options were granted on April 15, 2021 and vest in five equal annual installments on the first five anniversaries of the grant date.
Direct Class A shares 243,672 shares Beneficial ownership reported on Form 3
RSAs granted March 13, 2025 33,505 shares Restricted stock awards vesting over five years
RSAs granted February 12, 2026 17,610 shares Restricted stock awards vesting over three years
RSAs granted April 29, 2026 108,749 shares Restricted stock awards vesting over three years
Option grant at $17.04 325,000 underlying shares Stock option, expires April 15, 2031
Option grant at $12.63 437,200 underlying shares Stock option, expires April 15, 2031
Performance-based options 177,200 options Subject to stock price hurdles within 2021 grant
restricted stock awards financial
"Includes (i) 33,505 restricted stock awards ("RSAs") granted on March 13, 2025..."
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
RSAs financial
"33,505 restricted stock awards ("RSAs") granted on March 13, 2025..."
performance-based vesting conditions financial
"177,200 options are also subject to performance-based vesting conditions based on pre-established stock price hurdles."
stock price hurdles financial
"performance-based vesting conditions based on pre-established stock price hurdles."
"Stock price hurdles" are specific price levels that investors watch closely because reaching them can signal a potential change in the stock's future. Think of them like checkpoints in a video game; once the stock hits these levels, it might trigger new buying or selling activity, affecting whether the price goes up or down.
Stock Option (right to buy) financial
"security_title": "Stock Option (right to buy)""

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

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FAQ

What insider holdings did Forbright (FRBT) report for Donald F. Cole on Form 3?
Donald F. Cole reported direct ownership of 243,672 Forbright Class A Common Stock shares. This position includes multiple restricted stock awards that vest over several years, reflecting a mix of time-based and performance-linked equity incentives tied to his executive role.

What stock options does Donald F. Cole hold in Forbright (FRBT)?
Donald F. Cole holds stock options over 325,000 Forbright Class A shares at $17.04 and 437,200 shares at $12.63. Both grants expire on April 15, 2031, providing long-dated equity exposure through his executive compensation package.

How do Donald F. Cole’s restricted stock awards in Forbright (FRBT) vest?
His restricted stock awards vest in equal annual installments over three or five years, starting on each grant’s first anniversary. Grants dated March 2025, February 2026, and April 2026 follow this schedule, aligning ongoing compensation with longer-term company performance.

Are any Forbright (FRBT) stock options held by Donald F. Cole performance-based?
Yes. Of the options granted on April 15, 2021, 177,200 options are subject to performance-based vesting. These require meeting pre-established stock price hurdles in addition to time-based vesting, further linking his potential equity gains to Forbright’s share performance.

What is the significance of Forbright (FRBT) President and COO filing Form 3?
Form 3 is an initial statement of beneficial ownership for insiders like executives. It establishes Donald F. Cole’s starting equity position in Forbright, detailing both common shares and stock options that form part of his compensation and align interests with shareholders.
SEC Form 3
FORM 3UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:3235-0104
Estimated average burden
hours per response:0.5
1. Name and Address of Reporting Person*
COLE DONALD F
(Last)(First)(Middle)
4445 WILLARD AVENUE
SUITE 1000
(Street)
CHEVY CHASE MARYLAND 20815
(City)(State)(Zip)
UNITED STATES
(Country)		2. Date of Event Requiring Statement (Month/Day/Year)
06/10/2026		3. Issuer Name and Ticker or Trading Symbol
Forbright, Inc. [ FRBT ]
3a. Foreign Trading Symbol
5. If Amendment, Date of Original Filed (Month/Day/Year)
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
President and COO
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock243,672(1)D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year)3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (right to buy) (2)04/15/2031Class A Common Stock437,200$12.63D
Stock Option (right to buy) (3)04/15/2031Class A Common Stock325,000$17.04D
Explanation of Responses:
1. Includes (i) 33,505 restricted stock awards ("RSAs") granted on March 13, 2025 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (ii) 17,610 RSAs granted on February 12, 2026 that vest in three substantially equal annual installments on the first three anniversaries of the grant date; and (iii) 108,749 RSAs granted on April 29, 2026 that vest in three substantially equal annual installments on the first three anniversaries of the grant date.
2. These options were granted on April 15, 2021 and vest in five equal annual installments on the first five anniversaries of the grant date, of which 177,200 options are also subject to performance-based vesting conditions based on pre-established stock price hurdles.
3. These options were granted on April 15, 2021 and vest in five equal annual installments on the first five anniversaries of the grant date.
Remarks:
Exhibit 24.1 - Power of Attorney
/s/ Kori L. Ogrosky, as attorney-in-fact06/10/2026
** Signature of Reporting PersonDate
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 5 (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 3: SEC 1473 (03-26)

Source: View Original Filing on SEC EDGAR