Forbright director discloses stock and options
Forbright, Inc. director Cynthia Flanders filed an initial ownership report showing she holds 13,850 shares of Class A Common Stock as of June 10, 2026.
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Form Type
3
Rhea-AI Filing Summary
Forbright, Inc. director Cynthia Flanders filed an initial ownership report showing she holds 13,850 shares of Class A Common Stock as of June 10, 2026. She also holds several stock option awards covering 94,699 underlying shares, with exercise prices between $9.31 and $17.04 per share and expirations from 2029 to 2031. The options vest in five equal annual installments, and 40,000 of the May 14, 2021 options are subject to performance-based vesting tied to pre-established stock price hurdles.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Flanders Cynthia
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| 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) — 109,699 contracts (Direct);
Class A Common Stock — 13,850 shares (Direct)
Footnotes (5)
- F1. These options were granted on May 14, 2021 and vest in five equal annual installments on the first five anniversaries of the grant date, of which 40,000 options are also subject to performance-based vesting conditions based on pre-established stock price hurdles.
- F2. These options were granted on May 14, 2021 and vest in five equal annual installments on the first five anniversaries of the grant date.
- F3. These options were granted on January 1, 2019 and vest in five equal annual installments on the first five anniversaries of the grant date.
- F4. These options were granted on January 1, 2020 and vest in five equal annual installments on the first five anniversaries of the grant date.
- F5. These options were granted on February 1, 2020 and vest in five equal annual installments on the first five anniversaries of the grant date.
Key Figures
Common shares held: 13,850 shares
Options at $9.31: 5,000 underlying shares
Options at $11.87: 9,699 underlying shares
+3 more
6 metrics
Common shares held
13,850 shares
Class A Common Stock as of June 10, 2026
Options at $9.31
5,000 underlying shares
Stock Option (right to buy), exercise price $9.31, expires Feb 1, 2030
Options at $11.87
9,699 underlying shares
Stock Option (right to buy), exercise price $11.87, expires Jan 1, 2030
Options at $11.16
5,000 underlying shares
Stock Option (right to buy), exercise price $11.16, expires Jan 1, 2029
Options at $17.04
25,000 underlying shares
Stock Option (right to buy), exercise price $17.04, expires May 14, 2031
Options at $12.63
65,000 underlying shares
Stock Option (right to buy), exercise price $12.63, expires May 14, 2031
Key Terms
Stock Option (right to buy), Class A Common Stock, performance-based vesting conditions, pre-established stock price hurdles, +1 more
5 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
Class A Common Stock financial
"security_title: Class A Common Stock"
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.
performance-based vesting conditions financial
"40,000 options are also subject to performance-based vesting conditions"
pre-established stock price hurdles financial
"based on pre-established stock price hurdles"
vest in five equal annual installments financial
"options were granted ... and vest in five equal annual installments"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Cynthia Flanders report owning in Forbright (FRBT) on this Form 3?
Cynthia Flanders reports owning 13,850 shares of Forbright Class A Common Stock and multiple stock option grants covering 94,699 underlying shares. This Form 3 serves as her initial disclosure of beneficial ownership as a director.
How many Forbright (FRBT) stock options does Cynthia Flanders hold and at what prices?
She holds stock options over 94,699 underlying Class A shares, with exercise prices of $9.31, $11.87, $11.16, $17.04, and $12.63 per share. Each grant gives the right to buy Forbright stock at its specific exercise price.
When do Cynthia Flanders’ Forbright (FRBT) stock options expire?
Her stock options on Forbright Class A Common Stock expire on dates ranging from January 1, 2029 to May 14, 2031. Each grant has its own expiration date tied to the original award terms.
How do Cynthia Flanders’ Forbright (FRBT) stock options vest?
The options granted on January 1, 2019; January 1, 2020; February 1, 2020; and May 14, 2021 vest in five equal annual installments on each grant’s first five anniversaries. This creates gradual vesting over a five-year period.
What are the performance-based conditions on some Forbright (FRBT) options?
For 40,000 options granted on May 14, 2021, vesting depends on performance-based conditions tied to pre-established stock price hurdles. These options vest only if specified share price targets are achieved over time.
Is this Forbright (FRBT) Form 3 a buy or sell transaction?
This Form 3 does not report a buy or sell; it lists existing holdings. It is an initial statement of beneficial ownership, detailing Cynthia Flanders’ current common shares and stock option awards as a Forbright director.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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