FRGE insider filing: CEO reports RSU tax share withholding

Q: What did FRGE report in this Form 4?

The issuer withheld 2,992 shares to cover taxes from RSU net settlement on 11/10/2025 , coded F at $0 .

Q: Who is the reporting person’s role at FRGE?

The reporting person is Chief Executive Officer and a Director of Forge Global Holdings.

Q: How many FRGE shares are owned after the transaction?

Beneficial ownership is 407,410 shares directly and 4,718 shares indirectly via Forge Trust Co CFBO Kelly Rodriques Roth IRA .

Q: Was this an open-market sale or purchase?

No. It was a tax withholding related to RSU settlement (code F ), not an open‑market trade.

Q: What security was involved in the transaction?

Forge Global Holdings common stock , $0.0001 par value per share.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Forge Global Holdings (FRGE) reported an insider transaction on 11/10/2025 by its Chief Executive Officer and Director. The issuer withheld 2,992 shares of common stock to satisfy tax obligations related to the net settlement of restricted stock units, reported under transaction code F at a stated price of $0.

Following this tax withholding, the reporting person beneficially owns 407,410 shares directly and 4,718 shares indirectly through Forge Trust Co CFBO Kelly Rodriques Roth IRA. This reflects routine RSU tax settlement activity rather than an open‑market sale.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Rodriques Kelly

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock, $0.0001 par value per share	2,992	$0.00	--
holding	Common Stock, $0.0001 par value per share	--	--	--

Holdings After Transaction: Common Stock, $0.0001 par value per share — 407,410 shares (Direct); Common Stock, $0.0001 par value per share — 4,718 shares (Indirect, By Forge Trust Co CFBO Kelly Rodriques Roth IRA)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

11/13/2025 - 04:17 PM

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^*

Rodriques Kelly

(Last)

(First)

(Middle)

4 EMBARCADERO CENTER, FLOOR 15

(Street)

SAN FRANCISCO

94111

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Forge Global Holdings, Inc. [ FRGE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
11/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
Common Stock, $0.0001 par value per share	11/10/2025		F		2,992⁽¹⁾	D	$0	407,410	D
Common Stock, $0.0001 par value per share								4,718	I	By Forge Trust Co CFBO Kelly Rodriques Roth IRA

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 shares that have been withheld by the Issuer to satisfy tax withholding and remittance obligations in connection with the net settlement of restricted stock units.

Remarks:

	/s/ James Nevin, Attorney-in-Fact	11/13/2025
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did FRGE report in this Form 4?

The issuer withheld 2,992 shares to cover taxes from RSU net settlement on 11/10/2025, coded F at $0.

Who is the reporting person’s role at FRGE?

The reporting person is Chief Executive Officer and a Director of Forge Global Holdings.

How many FRGE shares are owned after the transaction?

Beneficial ownership is 407,410 shares directly and 4,718 shares indirectly via Forge Trust Co CFBO Kelly Rodriques Roth IRA.

Was this an open-market sale or purchase?

No. It was a tax withholding related to RSU settlement (code F), not an open‑market trade.

What security was involved in the transaction?

Forge Global Holdings common stock, $0.0001 par value per share.

Does the filing mention any derivative securities activity?

No derivative securities entries were reported in Table II.