Forian Inc. — Director's Dealing 2023

Feb 16, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Forian Inc. (FORA)
CIK: 0001829280
Period of Report: 2022-03-05

Reporting Person: Spaniel Edward Francis Jr (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-05	Common Stock	F	7760	$6.36	Disposed	590546	Direct
2023-02-13	Common Stock	A	60000	—	Acquired	650546	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-02-13	Stock Option (right to buy)	$3.79	A	185000	Acquired	2033-02-13	Common Stock (185000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1831526	Indirect

Footnotes

F1: Represents 60,000 restricted stock units ("RSU"), which vest in four equal annual installments beginning on February 13, 2024, subject to the Reporting Person's continued employment on each applicable vesting day. RSUs convert into common stock on a one-for-one basis.

F2: The shares held by The Adam H. Dublin 2019 Family Trust of which the Reporting Person is co-trustee and has joint investment and dispositive power and the Reporting Person disclaims beneficial ownership of these shares.

F3: The stock option vests 25% on February 13, 2024 and thereafter the remaining 75% in 12 equal quarterly installments, subject to the Reporting Person's continued employment on each applicable vesting date.