Forbright (FRBT) director gets 220 deferred stock units as board retainer

Rhea-AI Filing Summary

Flanders Cynthia reported acquisition or exercise transactions in this Form 4 filing.

Forbright, Inc. director Cynthia Flanders received a grant of 220 fully vested deferred restricted stock units in lieu of her quarterly cash retainer fee. Each DRSU represents a contingent right to one share of Class A common stock, settling after her board service ends and bringing her direct holdings to 20,241 shares.

Insider Trade Summary

Net Buyer: 220 shares

Net Buy 1 txn

Insider Flanders Cynthia

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock F1	220	$18.68	$4K

Holdings After Transaction: Class A Common Stock — 20,241 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

Deferred restricted stock units granted: 220 shares Grant valuation per unit: $18.68 per share Shares owned after transaction: 20,241 shares +1 more

4 metrics

Deferred restricted stock units granted 220 shares Fully vested DRSUs granted in lieu of quarterly cash retainer fee

Grant valuation per unit $18.68 per share Reported price per share for the 220 Class A Common Stock DRSUs

Shares owned after transaction 20,241 shares Total direct Class A Common Stock beneficially owned by Cynthia Flanders after award

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

Key Terms

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

3 terms

Deferred restricted stock units financial

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

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.

quarterly cash retainer fee financial

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

contingent right financial

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

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

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Available on EDGAR 07/17/2026 - 04:21 PM Accepted by SEC EDGAR 07/17/2026 - 04:21 PM Learn about SEC filing dates

FAQ

What equity award did Forbright (FRBT) director Cynthia Flanders receive?

Cynthia Flanders received a grant of 220 fully vested deferred restricted stock units, each linked to one Class A share. The award replaced her quarterly cash retainer, providing stock-based compensation for her service on Forbright’s board of directors.

At what value was Cynthia Flanders’ FRBT stock award reported?

The 220 deferred restricted stock units were reported at $18.68 per Class A share. This value reflects the per-share grant valuation used in the filing for the award issued in lieu of Flanders’ quarterly cash retainer fee.

How many Forbright (FRBT) shares does Cynthia Flanders own after this grant?

After the grant, Cynthia Flanders beneficially owns 20,241 shares of Forbright Class A Common Stock directly. This total includes the newly granted deferred restricted stock units, which will settle into shares after her board service terminates.

How do the FRBT deferred restricted stock units granted to Cynthia Flanders work?

Each DRSU granted to Cynthia Flanders represents a contingent right to one share of Class A common stock. The units are fully vested but settle in actual shares only after she ceases serving on Forbright’s board of directors.

Was Cynthia Flanders’ FRBT stock award made under a Rule 10b5-1 trading plan?

The Rule 10b5-1 checkbox in the filing was not marked, so the award is not reported as granted under a Rule 10b5-1 trading plan. It is described instead as compensation in lieu of her quarterly board cash retainer.

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^*

Flanders Cynthia

(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		220(1)	A	$18.68	20,241	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	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)