Forbright (NASDAQ: FRBT) director files Form 3 disclosing 40 Class A shares
Rhea-AI Filing Summary
Forbright, Inc. director Clifford V. Brokaw IV filed an initial Form 3 reporting his beneficial ownership in the company. The filing shows he holds 40 shares of Forbright Class A Common Stock directly as of the reported date, without indicating any recent purchase or sale activity.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BROKAW CLIFFORD V IV
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 40 shares (Direct)
Footnotes (1)
Key Figures
Shares held: 40 shares
1 metrics
Shares held
40 shares
Class A Common Stock held directly following Form 3 date
Key Terms
Form 3, beneficial ownership, Class A Common Stock
3 terms
Form 3 regulatory
"director Clifford V. Brokaw IV filed an initial Form 3 reporting his beneficial ownership"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
beneficial ownership financial
"filed an initial Form 3 reporting his beneficial ownership in the company"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Class A Common Stock financial
"he holds 40 shares of Forbright Class A Common Stock directly"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Forbright (FRBT) director Clifford Brokaw report on this Form 3?
He reports his initial beneficial ownership in Forbright, Inc., disclosing 40 shares of Class A Common Stock held directly. Form 3 filings show what an insider already owns when they first become subject to SEC reporting rules.
Is there any buy or sell transaction in this Forbright (FRBT) Form 3?
No specific buy or sell transaction is disclosed. The Form 3 serves as an initial statement of beneficial ownership, listing 40 shares of Class A Common Stock held after the reported date, rather than documenting a new trade.
What role does the reporting person have at Forbright (FRBT)?
The reporting person, Clifford V. Brokaw IV, is identified as a director of Forbright, Inc. Directors and certain other insiders must file Form 3 to disclose their holdings when they first become subject to SEC reporting requirements.