Forbright director Shafran acquires 1,150 stock units

The quarterly cash retainer was represented by units that settle in shares only after the director’s board service ends.

Rhea-AI Filing Summary

Forbright, Inc. director Steven M. Shafran acquired 1,150 fully vested deferred restricted stock units (DRSUs) on October 15, 2026, in lieu of his quarterly cash retainer fee, at a reported price of $17.39 per share. Each DRSU represents a contingent right to receive one share of Class A common stock, with settlement in shares following termination of his board service. His reported direct holdings after the acquisition were 7,591 shares.

Insider Trade Summary

Grant/Award: 1,150 shares

Grant/Award 1 txn

Insider Shafran Steven M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1	1,150	$17.39	$20K

Holdings After Transaction: Class A Common Stock — 7,591 shares (Direct)

Footnotes (1)

1. F1. Represents fully vested deferred restricted stock units ("DRSUs") granted in lieu of the Reporting Person's quarterly cash retainer fee, which will settle in shares following the termination of the Reporting Person's service as a member of the Issuer's board of directors. Each DRSU represents a contingent right to receive one share of Class A common stock.

Key Figures

DRSUs acquired: 1,150 units Reported price per share: $17.39 per share Direct holdings following transaction: 7,591 shares +1 more

4 metrics

DRSUs acquired 1,150 units October 15, 2026

Reported price per share $17.39 per share DRSU acquisition on October 15, 2026

Direct holdings following transaction 7,591 shares Reported after the October 15, 2026 acquisition

Shares per DRSU 1 share Each DRSU represents a contingent right to receive one share of Class A common stock

Key Terms

deferred restricted stock units, contingent right, quarterly cash retainer fee

3 terms

deferred restricted stock units financial

"fully vested deferred restricted stock units ("DRSUs") granted"

Deferred restricted stock units are promises by a company to give employees or executives company shares at a future date, subject to conditions like continued employment or performance targets; the delivery and tax event are intentionally delayed. They matter to investors because they affect when new shares may be issued and how executives are motivated—like a paycheck held in escrow that vests over time, influencing potential share dilution and management behavior.

contingent right financial

"Each DRSU represents a contingent right to receive one share"

quarterly cash retainer fee financial

"granted in lieu of the Reporting Person's quarterly cash retainer fee"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares did FRBT director Steven M. Shafran acquire?

Director Steven M. Shafran acquired 1,150 fully vested DRSUs on October 15, 2026, in lieu of his quarterly cash retainer fee. The reported price was $17.39 per share.

How many FRBT shares did Steven M. Shafran report after the acquisition?

Steven M. Shafran reported direct holdings of 7,591 shares following the acquisition.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/19/2026 - 04:08 PM EDT Accepted by SEC EDGAR 10/19/2026 - 04:08 PM EDT Learn about SEC filing dates

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^*

Shafran Steven M

(Last) (First) (Middle)

4445 WILLARD AVENUE

SUITE 1000

(Street)

CHEVY CHASE MARYLAND 20815

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Forbright, Inc. [ FRBT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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
Class A Common Stock	10/15/2026		A		1,150(1)	A	$17.39	7,591	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

Explanation of Responses:

1. Represents fully vested deferred restricted stock units ("DRSUs") granted in lieu of the Reporting Person's quarterly cash retainer fee, which will settle in shares following the termination of the Reporting Person's service as a member of the Issuer's board of directors. Each DRSU represents a contingent right to receive one share of Class A common stock.

Remarks:

	/s/ Randi Killen, as attorney-in-fact	10/19/2026
	** 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.
* Form 4: SEC 1474 (03-26)