Forbright (FRBT) director granted 6,171 RSUs that vest at 2027 meeting

Rhea-AI Filing Summary

Forbright, Inc. director Steven M. Shafran received 6,171 restricted stock units (RSUs) of Class A common stock as a compensation award. The grant was made at no cash cost per share and increases his direct holdings to 6,206 shares.

The RSUs will vest in full on the date of Forbright’s 2027 annual meeting of stockholders, as long as Shafran continues serving on the board through that date. Each RSU converts into one share of Class A common stock upon vesting, aligning his compensation with future company performance.

Insights

Equity Compensation Analyst

Director receives time-based RSU grant, a routine equity compensation award.

Director Steven M. Shafran was granted 6,171 RSUs of Forbright Class A common stock at no cash cost. This is a non-market transaction categorized as a grant or award acquisition, typical for board compensation under an omnibus incentive plan.

The RSUs vest in full at the 2027 annual meeting of stockholders, contingent on continued board service. Because this is a standard, time-based equity grant with no open-market buying or selling, it is generally viewed as routine and provides modest alignment between director interests and shareholder outcomes.

Insider Trade Summary

Net Buyer: 6,171 shares

Net Buy 1 txn

Insider Shafran Steven M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	6,171	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 6,206 shares (Direct)

Footnotes (1)

1. F1. Represents restricted stock units ("RSUs") granted under the Issuer's 2026 Omnibus Incentive Plan. The RSUs will vest in full on the date of the Issuer's 2027 annual meeting of stockholders, subject to the Reporting Person's continued service as a member of the Issuer's board of directors through such vesting date. Each RSU represents a contingent right to receive one share of Class A common stock.

Key Figures

RSU grant size: 6,171 RSUs Price per RSU: $0.0000 per share Shares after transaction: 6,206 shares +2 more

5 metrics

RSU grant size 6,171 RSUs Grant of Class A common stock units to director

Price per RSU $0.0000 per share Recorded grant price for RSUs

Shares after transaction 6,206 shares Total Class A common stock directly held after grant

Vesting event 2027 annual meeting RSUs vest in full at 2027 stockholders’ meeting

Plan name 2026 Omnibus Incentive Plan Plan under which RSUs were granted

Key Terms

restricted stock units ("RSUs"), 2026 Omnibus Incentive Plan, Class A common stock, annual meeting of stockholders

4 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs") granted under the Issuer's 2026 Omnibus Incentive Plan."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

2026 Omnibus Incentive Plan financial

"RSUs granted under the Issuer's 2026 Omnibus Incentive Plan."

Class A common stock financial

"Each RSU represents a contingent right to receive one share of 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.

annual meeting of stockholders financial

"The RSUs will vest in full on the date of the Issuer's 2027 annual meeting of stockholders."

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/22/2026 - 03:03 PM Accepted by SEC EDGAR 06/12/2026 - 04:14 PM Learn about SEC filing dates

FAQ

What did Forbright (FRBT) director Steven M. Shafran receive in this Form 4 filing?

Steven M. Shafran received 6,171 restricted stock units (RSUs) of Forbright Class A common stock. The award is a grant under the 2026 Omnibus Incentive Plan and does not involve an open-market stock purchase or sale.

When do Steven M. Shafran’s new Forbright (FRBT) RSUs vest?

The 6,171 RSUs granted to Steven M. Shafran vest in full on the date of Forbright’s 2027 annual meeting of stockholders. Vesting requires his continued service on the board through that meeting date under the plan’s terms.

How many Forbright (FRBT) shares does Steven M. Shafran hold after this RSU grant?

After the grant, Steven M. Shafran directly holds 6,206 shares of Forbright Class A common stock. This total reflects his position following the award of 6,171 RSUs reported in the Form 4 insider filing.

Does Steven M. Shafran pay cash for the Forbright (FRBT) RSU grant?

No, the RSU grant was recorded at a price of $0.0000 per share, meaning Shafran did not pay cash for these awards. RSUs are typically compensation rather than open-market purchases and convert into shares upon vesting.

What does each Forbright (FRBT) RSU represent in Steven M. Shafran’s award?

Each RSU in Steven M. Shafran’s award represents a contingent right to receive one share of Forbright Class A common stock. The units will convert into actual shares only when they vest at the 2027 annual meeting, assuming continued board service.

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)
06/10/2026

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	06/10/2026		A		6,171(1)	A	$0	6,206	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 restricted stock units ("RSUs") granted under the Issuer's 2026 Omnibus Incentive Plan. The RSUs will vest in full on the date of the Issuer's 2027 annual meeting of stockholders, subject to the Reporting Person's continued service as a member of the Issuer's board of directors through such vesting date. Each RSU represents a contingent right to receive one share of Class A common stock.

	/s/ Kori L. Ogrosky, as attorney-in-fact	06/12/2026
	** 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)