[Form 3] Fortrea Holdings Inc. Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

William J. Sharbaugh, identified as a director of Fortrea Holdings Inc. (FTRE), submitted an initial Form 3 disclosing that he does not beneficially own any securities of the issuer. The filing notes an Exhibit 24 power of attorney and is submitted as an individual filing on behalf of the reporting person.

Positive

• Reporting transparency: Initial Form 3 filed disclosing no beneficial ownership by the reporting director
• Power of attorney included: Filing references Exhibit 24, indicating authorized filing process

Negative

• None.

Insights

Financial Analyst

TL;DR: A director filed an initial Form 3 reporting no personal equity holdings in Fortrea; this is a routine disclosure with limited market impact.

The Form 3 shows that William J. Sharbaugh, in his capacity as a director, reports no direct or indirect beneficial ownership of Fortrea common stock. For investors, this filing provides transparency about insider holdings but does not change the companys capitalization or outstanding share figures. The inclusion of Exhibit 24 indicates an executed power of attorney for filing purposes.

Corporate Governance Expert

TL;DR: Governance disclosure completed: director has no reported beneficial interest; procedural but important for Section 16 compliance.

The disclosure is a standard Section 16 initial statement indicating the reporting person currently holds no beneficial securities of the issuer. This establishes a baseline for future insider reporting and confirms that filings are being made under a power of attorney where used. There are no indications of securities transfers, option awards, or derivative positions in this filing.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Sharbaugh William J

(Last) (First) (Middle)

8 MOORE DRIVE, DURHAM NC

(Street)

DURHAM NC 27709

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/22/2025

3. Issuer Name and Ticker or Trading Symbol
Fortrea Holdings Inc. [ FTRE ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

Exhibit 24 - Power of Attorney

No securities are beneficially owned.

	/s/James Stillman Hanson, Attorney-in-Fact for William J Sharbaugh	09/25/2025
	** 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 5 (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

What did William J. Sharbaugh report on his Form 3 for Fortrea (FTRE)?

The Form 3 states that William J. Sharbaugh, a director, does not beneficially own any securities of Fortrea and the filing includes Exhibit 24 (power of attorney).

Does the Form 3 show any options, warrants, or derivative holdings for FTRE?

No. The filing contains no entries in the derivative securities table and explicitly notes no securities are beneficially owned.

Is the Form 3 filed jointly or by one reporting person for FTRE?

The Form indicates it was filed by one reporting person (the reporting person is the sole filer).

Does this Form 3 change Fortrea's outstanding shares or capitalization?

No. The filing reports the reporting person holds no securities, so it does not affect the company's outstanding shares or capitalization.

What does Exhibit 24 mean on this Form 3?

Exhibit 24 refers to a power of attorney authorizing an individual (here, an attorney-in-fact) to sign and file the Form on behalf of the reporting person.