Forbright director awarded 205 deferred stock units

FISH JASON M reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

FISH JASON M reported acquisition or exercise transactions in this Form 4 filing.

Forbright, Inc. director Jason M. Fish received an award of 205 fully vested deferred restricted stock units (DRSUs) of Class A common stock on 2026-07-16 at $18.68 per unit, granted in lieu of his quarterly cash retainer. Each DRSU is a contingent right to receive one share of Class A common stock, settling after his board service ends, and brings his directly held DRSUs to 6,376. The report also lists indirect holdings of 1,324,561 Class A shares through FBF Partners, L.P. and 212,436 shares through Sebastes Capital, LLC, over which he has sole voting and dispositive power while disclaiming beneficial ownership except for his pecuniary interest.

Insider Trade Summary

Grant/Award: 205 shares

Grant/Award 3 txns

Insider FISH JASON M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1	205	$18.68	$4K
holding	Class A Common Stock F2	--	--	--
holding	Class A Common Stock F3	--	--	--

Holdings After Transaction: Class A Common Stock — 6,376 shares (Direct); Class A Common Stock — 1,324,561 shares (Indirect, By FBF Partners, L.P.); Class A Common Stock — 212,436 shares (Indirect, By Sebastes Capital, LLC)

Footnotes (3)

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.
2. F2. These shares are held by FBF Partners, L.P. ("FBF"). The Reporting Person has the sole power to vote and dispose of the shares held by FBF. The Reporting Person disclaims beneficial ownership of the shares held by FBF, except to the extent of his pecuniary interest therein.
3. F3. These shares are held by Sebastes Capital, LLC ("Sebastes"). The Reporting Person has the sole power to vote and dispose of the shares held by Sebastes. The Reporting Person disclaims beneficial ownership of the shares held by Sebastes, except to the extent of his pecuniary interest therein.

Key Figures

DRSUs Granted: 205.0000 shares Grant Price: 18.6800 per share Direct DRSU Holdings: 6376.0000 shares +2 more

5 metrics

DRSUs Granted 205.0000 shares Fully vested deferred restricted stock units granted on 2026-07-16

Grant Price 18.6800 per share Value per DRSU granted in lieu of quarterly cash retainer

Direct DRSU Holdings 6376.0000 shares Total Class A shares underlying DRSUs held directly after the award

Indirect Holdings via FBF Partners, L.P. 1324561.0000 shares Class A shares held by FBF Partners, L.P. with sole voting and dispositive power by Fish

Indirect Holdings via Sebastes Capital, LLC 212436.0000 shares Class A shares held by Sebastes Capital, LLC with sole voting and dispositive power by Fish

Key Terms

deferred restricted stock units ("DRSUs"), quarterly cash retainer fee, pecuniary interest

3 terms

deferred restricted stock units ("DRSUs") financial

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

quarterly cash retainer fee financial

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

pecuniary interest financial

"The Reporting Person disclaims beneficial ownership of the shares held by FBF, except to the extent of his pecuniary interest therein."

FAQ

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

What insider transaction did Forbright (FRBT) report for Jason M. Fish?

Forbright director Jason M. Fish received 205 fully vested deferred restricted stock units of Class A common stock at $18.68 per unit, granted in lieu of his quarterly cash retainer for board service.

How many Forbright (FRBT) shares does Jason M. Fish hold directly after this award?

After the award, Jason M. Fish holds 6,376 Class A shares in the form of fully vested deferred restricted stock units. These DRSUs will settle in shares following the end of his board service.

What indirect Forbright (FRBT) holdings are associated with Jason M. Fish?

Indirectly, entities associated with Jason M. Fish hold 1,324,561 Class A shares via FBF Partners, L.P. and 212,436 shares via Sebastes Capital, LLC, with Fish having sole voting and dispositive power over these shares.

Does Jason M. Fish claim full beneficial ownership of his indirect Forbright (FRBT) holdings?

No. For both FBF Partners, L.P. and Sebastes Capital, LLC holdings, Jason M. Fish disclaims beneficial ownership of the shares, except to the extent of his pecuniary interest in those entities.

What are deferred restricted stock units (DRSUs) in Forbright (FRBT)'s grant to Jason M. Fish?

The grant consists of deferred restricted stock units, each representing a contingent right to receive one share of Forbright Class A common stock, settling in shares after Jason M. Fish’s board service terminates.

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

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

FISH JASON 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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	07/16/2026		A		205(1)	A	$18.68	6,376	D
Class A Common Stock								1,324,561	I	By FBF Partners, L.P.(2)
Class A Common Stock								212,436	I	By Sebastes Capital, LLC(3)

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.

2. These shares are held by FBF Partners, L.P. ("FBF"). The Reporting Person has the sole power to vote and dispose of the shares held by FBF. The Reporting Person disclaims beneficial ownership of the shares held by FBF, except to the extent of his pecuniary interest therein.

3. These shares are held by Sebastes Capital, LLC ("Sebastes"). The Reporting Person has the sole power to vote and dispose of the shares held by Sebastes. The Reporting Person disclaims beneficial ownership of the shares held by Sebastes, except to the extent of his pecuniary interest therein.

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)