Director at FORUM MARKETS (NASDAQ: FRMM) granted 203,562 RSUs

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Edwards Michael A reported acquisition or exercise transactions in this Form 4 filing.

FORUM MARKETS Inc director Michael A. Edwards received an equity award of 203,562 shares of Common Stock in the form of restricted stock units (RSUs). The award was granted at no cash cost per share and represents his entire reported Common Stock holding after this transaction.

According to the award terms, 3,562 RSUs will vest in full on the date of the Company’s 2026 Annual Meeting of Stockholders, if he continues in service through that date. The remaining 200,000 RSUs will vest in two equal tranches: half on the 2026 Annual Meeting date and half on the first anniversary of the grant date, each subject to continued service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Edwards Michael A

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	203,562	$0.00	--

Holdings After Transaction: Common Stock — 203,562 shares (Direct)

Footnotes (1)

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Key Figures

RSUs granted: 203,562 shares RSUs vesting at 2026 Annual Meeting: 3,562 shares Additional RSUs with staged vesting: 200,000 shares +2 more

5 metrics

RSUs granted 203,562 shares Common Stock award to director Michael A. Edwards

RSUs vesting at 2026 Annual Meeting 3,562 shares Single RSU tranche vests in full at 2026 Annual Meeting

Additional RSUs with staged vesting 200,000 shares Half vest at 2026 Annual Meeting; half on first grant anniversary

Transaction price per share $0.0000 per share Indicates award was compensation, not a market purchase

Shares owned after transaction 203,562 shares Total Common Stock beneficially owned following RSU grant

Key Terms

restricted stock units ("RSUs"), Annual Meeting of Stockholders, grant date

3 terms

restricted stock units ("RSUs") financial

"Consists of (i) 3,562 shares of Common Stock underlying restricted stock units ("RSUs") that will vest in full..."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

Annual Meeting of Stockholders financial

"will vest in full on the date of the Company's 2026 Annual Meeting of Stockholders..."

grant date financial

"the other half of which will vest on the first anniversary of the grant date..."

The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.

Form 4 Insider Transactions: What Each Field Means →

04/03/2026 - 07:10 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^*

Edwards Michael A

(Last)

(First)

(Middle)

2875 SOUTH OCEAN BLVD

SUITE 200

(Street)

PALM BEACH

FLORIDA

33480

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FORUM MARKETS Inc [ FRMM ]

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)
04/02/2026

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)
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	04/02/2026		A		203,562⁽¹⁾	A	$0.00	203,562	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)
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. Consists of (i) 3,562 shares of Common Stock underlying restricted stock units ("RSUs") that will vest in full on the date of the Company's 2026 Annual Meeting of Stockholders, subject to the Reporting Person's continued service through such date, and (ii) 200,000 shares of Common Stock underlying RSUs, half of which will vest on the date of the Company's 2026 Annual Meeting of Stockholders and the other half of which will vest on the first anniversary of the grant date, subject to the Reporting Person's continued service through each such date.

	/s/ Michael Edwards	04/03/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did FORUM MARKETS (FRMM) report for Michael A. Edwards?

FORUM MARKETS reported that director Michael A. Edwards received 203,562 shares of Common Stock as a restricted stock unit grant. The award was made at no cash cost per share and is structured to vest over time, subject to his continued service.

How many FORUM MARKETS (FRMM) RSUs vest at the 2026 Annual Meeting?

A total of 103,562 RSUs are scheduled to vest at the 2026 Annual Meeting of Stockholders. This includes 3,562 RSUs that vest in full and half of an additional 200,000 RSUs, all contingent on Michael A. Edwards’ continued service through that date.

What is the vesting schedule for Michael A. Edwards’ 200,000 FORUM MARKETS (FRMM) RSUs?

The 200,000 RSUs granted to Michael A. Edwards vest in two equal parts. Half will vest on the date of FORUM MARKETS’ 2026 Annual Meeting of Stockholders, and the remaining half will vest on the first anniversary of the grant date, subject to continued service.

Did Michael A. Edwards pay a purchase price for his FORUM MARKETS (FRMM) RSU grant?

No, Michael A. Edwards did not pay a purchase price for this RSU grant. The Form 4 reports a transaction price of 0.0000 per share, indicating the 203,562 restricted stock units were awarded as compensation rather than bought in an open-market transaction.

How many FORUM MARKETS (FRMM) shares does Michael A. Edwards hold after this Form 4 transaction?

After the reported grant, Michael A. Edwards beneficially owns 203,562 shares of FORUM MARKETS Common Stock in the form of RSUs. All of these shares are subject to future vesting conditions linked to the 2026 Annual Meeting and the first anniversary of the grant date.