Large FRMM (FRMM) holder linked to Lomashuk sells 4,802 shares, retains over 1.48M

Rhea-AI Filing Summary

FORUM MARKETS Inc large shareholder Konstantin Lomashuk, through Cyber Citadel, reported open-market sales of a total of 4,802 shares of common stock. The shares were sold on two dates at prices of $6.13 and $6.4111 per share. After these transactions, Cyber Citadel continued to hold 1,482,587 shares indirectly attributed to Lomashuk as its sole shareholder, indicating the sales represent a small portion of the reported holdings.

Insider Trade Summary

Net Seller: 4,802 shares ($30,477)

Net Sell 2 txns

Insider Lomashuk Konstantin

Role null

Sold 4,802 shs ($30K)

Type	Security	Shares	Price	Value
Sale	Common Stock	1,100	$6.13	$7K
Sale	Common Stock	3,702	$6.4111	$24K

Holdings After Transaction: Common Stock — 1,482,587 shares (Indirect, By Cyber Citdadel, a Cayman Islands corporation)

Footnotes (1)

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Key Figures

Total shares sold: 4,802 shares Shares sold on 2026-07-08: 1,100 shares at $6.13 Shares sold on 2026-07-07: 3,702 shares at $6.4111 +2 more

5 metrics

Total shares sold 4,802 shares Net sales across two open-market transactions

Shares sold on 2026-07-08 1,100 shares at $6.13 Open-market sale of FRMM common stock

Shares sold on 2026-07-07 3,702 shares at $6.4111 Open-market sale of FRMM common stock

Shares held after transactions 1,482,587 shares Indirect FRMM common stock held by Cyber Citadel

Net buy/sell direction net-sell of 4,802 shares Form 4 transaction summary for this period

Key Terms

ten percent owner, open-market sale, beneficially own, indirect ownership

4 terms

ten percent owner financial

"The reporting person is identified as a ten percent owner of FRMM."

open-market sale financial

"Each transaction is described as an open-market sale of common stock."

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

beneficially own financial

"may be deemed to beneficially own the securities owned directly by Cyber Citadel."

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

indirect ownership financial

"The common stock is reported with indirect ownership through Cyber Citadel."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/09/2026 - 04:44 PM Accepted by SEC EDGAR 07/09/2026 - 04:44 PM Learn about SEC filing dates

FAQ

What insider activity did FRMM’s large shareholder report on this Form 4?

A major FRMM shareholder associated with Konstantin Lomashuk reported selling 4,802 shares of common stock. The sales occurred in open-market transactions while maintaining a much larger remaining indirect position through Cyber Citadel.

How many FRMM shares were sold and at what prices on this Form 4?

The filing reports sales of 4,802 FRMM common shares. One transaction sold 1,100 shares at $6.13 per share, and another sold 3,702 shares at $6.4111 per share in open-market trades.

Who is the reporting person in the FRMM Form 4 and what is their role?

The reporting person is Konstantin Lomashuk, identified as a ten percent owner of FRMM. The shares are held indirectly through Cyber Citadel, a Cayman Islands corporation of which he is the sole shareholder and may be deemed to beneficially own the securities.

How many FRMM shares does the reporting holder own after these sales?

After the reported sales, the indirect holding through Cyber Citadel stands at 1,482,587 FRMM common shares. This remaining position shows that the 4,802 shares sold represent only a small fraction of the disclosed ownership stake.

Were the FRMM insider transactions direct or indirect holdings?

All reported FRMM transactions involve indirect holdings. The common stock is owned directly by Cyber Citadel, a Cayman Islands corporation, and attributed to Konstantin Lomashuk as its sole shareholder who may be deemed to beneficially own those securities.

What type of transactions are disclosed in this FRMM Form 4?

The FRMM Form 4 discloses open-market sales of common stock, coded as “S” transactions. These represent routine market dispositions rather than option exercises, gifts, or tax-withholding events, and are reported as non-derivative transactions.

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^*

Lomashuk Konstantin

(Last) (First) (Middle)

C/O CYBER CITADEL

71 FORT STREET, 3RD FLOOR

(Street)

GEORGE TOWN KY1-1111

(City) (State) (Zip)

CAYMAN ISLANDS

(Country)

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

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/07/2026

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
Common Stock	07/07/2026		S		3,702	D	$6.4111	1,483,687	I	By Cyber Citdadel, a Cayman Islands corporation(1)
Common Stock	07/08/2026		S		1,100	D	$6.13	1,482,587	I	By Cyber Citdadel, a Cayman Islands corporation(1)

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. The reporting person, as sole shareholder of Cyber Citadel, may be deemed to beneficially own the securities owned directly by Cyber Citadel.

	/s/ Sonja Prstec, Attorney-in-Fact	07/09/2026
	** 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)