Forbright director reports initial FRBT holdings
Forbright, Inc. director Christopher T. Jones filed an initial ownership report for Class A Common Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
3
Rhea-AI Filing Summary
Forbright, Inc. director Christopher T. Jones filed an initial ownership report for Class A Common Stock. The filing shows indirect holdings through a SEP IRA and two revocable trusts, along with directly held stock options on Class A shares at exercise prices between $9.31 and $17.04 that expire between 2029 and 2031. Footnotes clarify that Jones disclaims beneficial ownership of the trust and SEP IRA shares except for any pecuniary interest.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Jones Christopher Travis
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 | Stock Option (right to buy) | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 112,828 contracts (Direct);
Class A Common Stock — 136,994 shares (Indirect, By the Christopher T. Jones Revocable Trust);
Class A Common Stock — 18,822 shares (Indirect, By the Patricia B. Jones Revocable Trust);
Class A Common Stock — 16,807 shares (Indirect, By the Pacific Premier Trust FBO Christopher T Jones SEP IRA)
Footnotes (9)
- F1. These shares are held by The Christopher T. Jones Revocable Trust (the "CTJ Trust"), for which the Reporting Person is a trustee. Certain members of the Reporting Person's immediate family are beneficiaries of the CTJ Trust. The Reporting Person disclaims beneficial ownership of the shares held by the CTJ Trust, except to the extent of his pecuniary interest therein.
- F2. These shares are held by The Patricia B. Jones Revocable Trust (the "PBJ Trust"), for which Patricia Jones, the spouse of the Reporting Person is trustee. The Reporting Person disclaims beneficial ownership of the shares held by the PBJ Trust, except to the extent of his pecuniary interest therein.
- F3. These shares are held by The Pacific Premier Trust FBO Christopher T Jones SEP IRA (the "SEP IRA") for which the Reporting Person is custodian. The Reporting Person disclaims beneficial ownership of the shares held by the SEP IRA, except to the extent of his pecuniary interest therein.
- F4. 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.
- F5. These options were granted on March 14, 2021 and vest in five equal annual installments on the first five anniversaries of the grant date.
- F6. These options were granted on January 1, 2019 and vest in five equal annual installments on the first five anniversaries of the grant date.
- F7. These options were granted on January 1, 2020 and vest in five equal annual installments on the first five anniversaries of the grant date.
- F8. These options were granted on February 1, 2020 and vest in five equal annual installments on the first five anniversaries of the grant date.
- F9. These options were granted on February 1, 2021 and vest in five equal annual installments on the first five anniversaries of the grant date.
Key Figures
CTJ Trust indirect shares: 136,994 shares
PBJ Trust indirect shares: 18,822 shares
SEP IRA indirect shares: 16,807 shares
+4 more
7 metrics
CTJ Trust indirect shares
136,994 shares
Class A Common Stock held by The Christopher T. Jones Revocable Trust
PBJ Trust indirect shares
18,822 shares
Class A Common Stock held by The Patricia B. Jones Revocable Trust
SEP IRA indirect shares
16,807 shares
Class A Common Stock held by Pacific Premier Trust SEP IRA
Option position @ $12.63
8,332 underlying shares
Stock Option, exercise price $12.63, expires February 1, 2031
Option position @ $9.31
5,000 underlying shares
Stock Option, exercise price $9.31, expires February 1, 2030
Option position @ $17.04
25,000 underlying shares
Stock Option, exercise price $17.04, expires May 14, 2031
Option position @ $12.63 (2031-05-14)
65,000 underlying shares
Stock Option, exercise price $12.63, expires May 14, 2031
Key Terms
Revocable Trust, SEP IRA, Stock Option (right to buy), pecuniary interest, +1 more
5 terms
Revocable Trust financial
"These shares are held by The Christopher T. Jones Revocable Trust"
A revocable trust is a legal arrangement where the person who creates it keeps control and can change or cancel the trust at any time, while naming who will manage and receive the assets later. Think of it like a flexible folder for your investments and property that can be relabeled or reworked as circumstances change; it matters to investors because it determines how ownership is recorded, how easily assets transfer on incapacity or death, and whether holdings bypass public probate proceedings.
SEP IRA financial
"These shares are held by The Pacific Premier Trust FBO Christopher T Jones SEP IRA"
Stock Option (right to buy) financial
"security_title": "Stock Option (right to buy)""
pecuniary interest financial
"disclaims beneficial ownership ... except to the extent of his pecuniary interest therein"
performance-based vesting conditions financial
"40,000 options are also subject to performance-based vesting conditions based on pre-established stock price hurdles"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Christopher T. Jones report owning in Forbright (FRBT)?
Christopher T. Jones reports indirect Class A Common Stock holdings through a SEP IRA and two revocable trusts, plus several stock option grants. The options give rights to acquire Forbright Class A shares at preset prices before stated expiration dates.
What stock options on Forbright (FRBT) does Christopher T. Jones report?
He reports multiple stock options on Class A Common Stock, including grants with exercise prices of $9.31, $11.16, $11.87, $12.63, and $17.04. These options expire between 2029 and 2031, each tied to a specific number of underlying shares.
Do Christopher T. Jones’s Forbright (FRBT) options have vesting conditions?
Yes. Footnotes state several option grants vest in five equal annual installments starting on their grant anniversaries. One 40,000-option grant also includes performance-based vesting tied to pre-established stock price hurdles, adding a performance component to time-based vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates