Forbright director granted 235 stock units

Q: What transaction did Forbright (FRBT) director Steven M. Shafran report?

Steven M. Shafran reported an acquisition of 235 deferred restricted stock units of Forbright Class A common stock. The units are fully vested and replace his quarterly cash retainer, settling in shares when his service on the board of directors ends.

Q: How many Forbright (FRBT) units were granted to Steven M. Shafran and what does each represent?

He was granted 235 deferred restricted stock units. Each DRSU represents a contingent right to receive one share of Forbright’s Class A common stock, with settlement occurring after his service as a board member terminates.

Q: How did this Form 4 transaction affect Steven M. Shafran’s Forbright (FRBT) holdings?

After the reported grant, Steven M. Shafran directly holds 6,441 shares of Forbright Class A common stock. These holdings include the deferred restricted stock units that will convert into shares when his board service concludes in the future.

Q: What are deferred restricted stock units (DRSUs) as used in Forbright (FRBT)’s director compensation?

Forbright uses deferred restricted stock units (DRSUs) granted in lieu of cash fees. Each DRSU is fully vested but settles later into one share of Class A common stock, typically after the director’s service on the board has terminated.

Q: Why did Forbright (FRBT) grant DRSUs instead of paying Steven M. Shafran cash?

The footnote explains the DRSUs were granted in lieu of Steven M. Shafran’s quarterly cash retainer fee. This means part of his board compensation is delivered in equity units that convert into Class A shares after his board service ends.

Shafran Steven M reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 07/17/2026 - 04:21 PM EDT

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Form Type

Rhea-AI Filing Summary

Shafran Steven M reported acquisition or exercise transactions in this Form 4 filing.

Forbright, Inc. director Steven M. Shafran received a grant of 235 fully vested deferred restricted stock units of Class A common stock on July 16, 2026. The DRSUs were granted in lieu of his quarterly cash retainer and will settle in shares after his board service ends. Following this award, he directly holds 6,441 shares.

Insider Trade Summary

Grant/Award: 235 shares

Grant/Award 1 txn

Insider Shafran Steven M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock ^F1	235	$18.68	$4K

Holdings After Transaction: Class A Common Stock — 6,441 shares (Direct)

Holdings Before and After: Class A Common Stock, 6,206 to 6,441 shares (Direct)

Footnotes (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 granted: 235.0000 shares Reported value per share: 18.6800 per share Shares held after transaction: 6441.0000 shares

3 metrics

DRSUs granted 235.0000 shares Fully vested deferred restricted stock units granted on 2026-07-16

Reported value per share 18.6800 per share Price field for the Class A Common Stock award

Shares held after transaction 6441.0000 shares Direct Class A holdings following the grant

Key Terms

deferred restricted stock units (DRSUs), quarterly cash retainer fee, contingent right to receive one share

3 terms

deferred restricted stock units (DRSUs) financial

"Represents fully vested deferred restricted stock units (DRSUs) granted in lieu of the"

quarterly cash retainer fee financial

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

FAQ

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

What transaction did Forbright (FRBT) director Steven M. Shafran report?

Steven M. Shafran reported an acquisition of 235 deferred restricted stock units of Forbright Class A common stock. The units are fully vested and replace his quarterly cash retainer, settling in shares when his service on the board of directors ends.

How many Forbright (FRBT) units were granted to Steven M. Shafran and what does each represent?

He was granted 235 deferred restricted stock units. Each DRSU represents a contingent right to receive one share of Forbright’s Class A common stock, with settlement occurring after his service as a board member terminates.

How did this Form 4 transaction affect Steven M. Shafran’s Forbright (FRBT) holdings?

After the reported grant, Steven M. Shafran directly holds 6,441 shares of Forbright Class A common stock. These holdings include the deferred restricted stock units that will convert into shares when his board service concludes in the future.

What are deferred restricted stock units (DRSUs) as used in Forbright (FRBT)’s director compensation?

Forbright uses deferred restricted stock units (DRSUs) granted in lieu of cash fees. Each DRSU is fully vested but settles later into one share of Class A common stock, typically after the director’s service on the board has terminated.

Why did Forbright (FRBT) grant DRSUs instead of paying Steven M. Shafran cash?

The footnote explains the DRSUs were granted in lieu of Steven M. Shafran’s quarterly cash retainer fee. This means part of his board compensation is delivered in equity units that convert into Class A shares after his board service ends.

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

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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)
07/16/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	07/16/2026		A		235⁽¹⁾	A	$18.68	6,441	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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	07/17/2026
	** 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)

Source: View Original Filing on SEC EDGAR