[Form 4] Forge Global Holdings, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Gilder Gagnon Howe & Co. LLC (GGHC) filed Amendment No. 6 to Schedule 13G reporting ownership of 862,085 Class A shares of OneWater Marine Inc. (NASDAQ: ONEW) as of 30 June 2025. The position represents 5.3 % of the outstanding class, crossing the 5 % threshold that requires public disclosure.

GGHC, a registered broker-dealer, reports no sole or shared voting power but retains shared dispositive power over the entire stake, indicating the shares are likely held in customer or discretionary accounts rather than for strategic control. The filer certifies the investment is made in the ordinary course of business with no intent to influence management or pursue a change of control. No other entities or group members are disclosed, and the certification is signed by Chief Compliance Officer Laura Esposito on 14 July 2025.

Positive

• Institutional ownership above 5 % by Gilder Gagnon Howe & Co. may enhance share liquidity and attract additional investor attention.

Negative

• None.

Insights

Securities Analyst

TL;DR: Passive 5.3 % stake by GGHC signals institutional interest but no control ambitions—neutral market impact.

The 13G/A reveals that GGHC holds 862,085 ONEW shares, giving it 5.3 % beneficial ownership. Because GGHC disclaims voting power and files under Rule 13d-1(b), the position is passive and unlikely to drive governance changes or activist activity. While the additional institutional presence can improve liquidity and raise the company’s profile, it does not materially alter the investment thesis or fundamentals. Investors should view the disclosure as a data point on shareholder mix rather than a catalyst.

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
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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^*

Dondzila Catherine M

(Last) (First) (Middle)

4 EMBARCADERO CENTER, FLOOR 15

(Street)

SAN FRANCISCO CA 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)

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

3. Date of Earliest Transaction (Month/Day/Year)
07/10/2025

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.0001 par value per share	07/10/2025		F		308(1)	D	$0	25,871	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 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	07/14/2025
	** 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.

FAQ

How many OneWater Marine (ONEW) shares does Gilder Gagnon Howe & Co. LLC own?

The filing reports 862,085 Class A shares beneficially owned.

What percentage of OneWater Marine’s outstanding stock is represented by this stake?

Gilder Gagnon Howe & Co. LLC holds 5.3 % of the Class A common stock.

Does the reporting person have voting power over the shares?

No. The Schedule 13G shows 0 shares with sole or shared voting power; only shared dispositive power is reported.

When is the event date and filing date of this Schedule 13G/A?

Event date: 30 June 2025; signature date: 14 July 2025.

Why was this Schedule 13G/A filed?

Because the beneficial ownership exceeded the 5 % threshold, requiring disclosure under Section 13(d)/(g) of the Exchange Act.