Forbright, Inc. executive vice president and chief accounting officer Michael Housley filed an initial ownership report showing his equity holdings. He directly holds 12,331 shares of Class A common stock, including 9,375 restricted stock awards granted on April 29, 2026 that vest in three annual installments.
Housley also holds stock options over 38,000 Class A shares at an exercise price of $17.04 per share and options over 42,000 Class A shares at $12.63 per share, each expiring on July 1, 2031 and vesting in five equal annual installments, with 14,000 of the higher-priced options subject to performance-based stock price hurdles.
Forbright, Inc. director Steven M. Shafran filed an initial ownership report on Form 3. The filing shows he directly holds 35 shares of Class A Common Stock of Forbright, Inc. This is a baseline disclosure of his equity position as a company insider.
Forbright, Inc. EVP Kenneth F. Elias filed an initial ownership report showing he directly holds 193,482 shares of Class A Common Stock. His equity package also includes several stock option grants to buy Class A shares, such as 50,000 options at an exercise price of $9.3100 expiring on February 1, 2030, along with additional options at exercise prices of $17.0400, $13.5000, and $12.6300 with expirations in 2031 and 2032. Footnotes note that his holdings include restricted stock awards granted in 2025 and 2026 that vest in annual installments, some of which are subject to performance-based stock price hurdles.
Forbright, Inc. executive Lisa Cuba, EVP and CRO, reported her initial ownership of company equity. She directly holds 66,755 shares of Class A Common Stock, including multiple restricted stock awards that vest in annual installments over three to five years from their grant dates.
She also holds several stock option awards giving her the right to buy Class A Common Stock: 42,000 and 7,000 underlying shares at an exercise price of $17.04 per share, and 18,000 and 3,000 underlying shares at $14.12 per share, with option expirations in 2032 and portions subject to performance-based vesting tied to pre-established stock price hurdles.
Forbright, Inc. director Jason M. Fish has filed an initial Form 3 reporting his ownership in Forbright (FRBT). The filing shows indirect holdings of 212,436 shares of Class A Common Stock through Sebastes Capital, LLC and 1,324,561 shares through FBF Partners, L.P., where he has sole voting and dispositive power but disclaims beneficial ownership except for his pecuniary interest.
Fish also reports direct holdings of stock options to acquire Class A Common Stock at exercise prices of $17.04 and $12.63 per share, expiring in 2031. These option grants from May 14, 2021 and July 1, 2021 vest in five equal annual installments, and portions of each grant (40,000 and 60,000 options, respectively) are subject to additional performance-based vesting tied to pre-established stock price hurdles.
Forbright, Inc. President and COO Donald F. Cole filed an initial ownership report showing direct holdings of 243,672 shares of Class A Common Stock. This includes restricted stock awards that vest over three to five years from grants made in March 2025, February 2026, and April 2026.
Cole also reports stock options over 325,000 shares at an exercise price of $17.04 and 437,200 shares at $12.63, both expiring on April 15, 2031. Portions of these options vest annually, with part of one grant subject to performance-based stock price hurdles.
Forbright, Inc. filed an initial ownership report for Chief Executive Officer John K. Delaney, detailing his existing holdings in Class A common stock and stock options. The filing lists both direct and indirect positions, including restricted stock awards that vest over time and large option grants with 2031 expiration dates.
Forbright, Inc. is conducting an initial public offering of 7,900,000 shares of Class A common stock, with an expected price range of $18.00 to $20.00 per share. The company, a bank holding company for Forbright Bank, plans to list on the Nasdaq Global Select Market under the symbol “FRBT” and expects to receive approximately $138.2 million in net proceeds at a $19.00 midpoint, to be used for general corporate purposes.
Following the IPO, Forbright will have 28,939,391 Class A and 20,748,177 Class B shares outstanding, for a total of 49,687,568 shares. The bank has grown rapidly, with consolidated assets rising from $1.9 billion at December 31, 2020 to $7.9 billion at December 31, 2025, and net income increasing from $12.2 million to $87.9 million over the same period.
As of March 31, 2026, assets were $8.2 billion, deposits were $7.1 billion, and first-quarter 2026 net income was $11.6 million. Forbright emphasizes a national middle-market lending franchise and a fast-growing digital deposit platform that reached $3.9 billion in digital deposits by March 31, 2026, supported by cloud-native technology, fee-based businesses, and disciplined credit risk management. The company qualifies as an emerging growth company and will use scaled public-company reporting requirements.