FORUM MARKETS CFO covers taxes with share forfeiture

FORUM MARKETS Inc Chief Financial Officer John Tazewell Saunders reported a Form 4 showing a code F transaction involving 16,151 shares of common stock on August 1, 2026.

Rhea-AI Filing Summary

FORUM MARKETS Inc Chief Financial Officer John Tazewell Saunders reported a Form 4 showing a code F transaction involving 16,151 shares of common stock on August 1, 2026. The shares were forfeited back to the issuer at $5.16 per share to satisfy tax withholding obligations tied to the vesting and settlement of restricted stock units originally granted on April 2, 2026. The footnote states this was not a discretionary sale. Following this tax-withholding disposition, Saunders directly held 342,441 shares of FORUM MARKETS Inc common stock.

Insider Trade Summary

Tax Withholding: 16,151 shares

Tax Withholding 1 txn

Insider Saunders John Tazewell

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock F1	16,151	$5.16	$83K

Holdings After Transaction: Common Stock — 342,441 shares (Direct)

Footnotes (1)

1. F1. The transaction reported represents the forfeiture of shares to the Issuer, valued based on the closing price of the stock on the vesting date, to satisfy the Reporting Person's tax withholding obligations arising from the vesting and settlement of restricted stock units originally granted on April 2, 2026, and does not represent a discretionary sale by the Reporting Person. The shares were officially issued on August 14, 2026.

Key Figures

Shares forfeited for tax withholding: 16,151 shares Per-share valuation for forfeiture: $5.16 per share Shares held after transaction: 342,441 shares +2 more

5 metrics

Shares forfeited for tax withholding 16,151 shares Common stock forfeited on August 1, 2026 to satisfy tax withholding obligations

Per-share valuation for forfeiture $5.16 per share Value used for shares forfeited to cover tax withholding from RSU vesting

Shares held after transaction 342,441 shares Direct common stock holdings of the CFO following the reported transaction

RSU original grant date April 2, 2026 Date restricted stock units were originally granted that led to this tax event

Share issuance date August 14, 2026 Date the shares related to the RSU settlement were officially issued

Key Terms

restricted stock units, tax withholding obligations, forfeiture of shares, discretionary sale

4 terms

restricted stock units financial

"arising from the vesting and settlement of restricted stock units originally granted on April 2, 2026"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

tax withholding obligations financial

"to satisfy the Reporting Person's tax withholding obligations arising from the vesting and settlement"

forfeiture of shares financial

"represents the forfeiture of shares to the Issuer, valued based on the closing price"

discretionary sale financial

"and does not represent a discretionary sale by the Reporting Person"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FORUM MARKETS Inc (FRMM) report for its CFO?

FORUM MARKETS Inc reported that CFO John Tazewell Saunders forfeited 16,151 shares of common stock on August 1, 2026. The shares were returned to the issuer to cover tax withholding obligations from vesting restricted stock units, and were not a discretionary sale.

How many FORUM MARKETS Inc (FRMM) shares were used to cover taxes in the Form 4?

The Form 4 shows that 16,151 shares of FORUM MARKETS Inc common stock were forfeited. These shares were valued at $5.16 per share and were used to satisfy the reporting person’s tax withholding obligations from RSU vesting.

Did the FORUM MARKETS Inc (FRMM) CFO make an open-market sale in this Form 4?

No. The filing states the transaction does not represent a discretionary sale by the CFO. Instead, the 16,151 shares were forfeited back to the issuer solely to cover tax withholding from restricted stock unit vesting.

What are the CFO’s FORUM MARKETS Inc (FRMM) holdings after this reported transaction?

After the tax-withholding disposition, CFO John Tazewell Saunders directly held 342,441 shares of FORUM MARKETS Inc common stock. This post-transaction balance reflects the shares remaining after 16,151 shares were forfeited to cover tax obligations.

What grant and vesting details are disclosed in the FORUM MARKETS Inc (FRMM) Form 4 footnote?

The footnote explains that the tax-withholding shares relate to restricted stock units originally granted on April 2, 2026. The RSUs vested and settled, creating a tax obligation, and the shares were officially issued on August 14, 2026 in connection with that settlement.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 08/14/2026 - 04:15 PM EDT Learn about SEC filing dates

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^*

Saunders John Tazewell

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/01/2026

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	08/01/2026		F		16,151(1)	D	$5.16	342,441	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. The transaction reported represents the forfeiture of shares to the Issuer, valued based on the closing price of the stock on the vesting date, to satisfy the Reporting Person's tax withholding obligations arising from the vesting and settlement of restricted stock units originally granted on April 2, 2026, and does not represent a discretionary sale by the Reporting Person. The shares were officially issued on August 14, 2026.

	/s/ John Saunders	08/14/2026
	** 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)