MAY 16·Stock Titan→
Forian (FORA) director exits stake in $2.17-per-share cash tender
Forian Inc. director Jennifer Hajj has disposed of all her common stock and stock options in the company through a cash tender offer and subsequent merger, where Forian became a wholly-owned subsidiary of an acquiring parent. Shareholders received $2.17 per share in cash, and vested stock options with an exercise price below this offer price were cashed out, while unvested or higher-priced options were canceled without payment. This transaction effectively eliminates her visible equity stake in Forian, reflecting a change-of-control deal rather than open-market trading.
MAY 16·Stock Titan→
Forian (FORA) General Counsel disposes 150,000 RSUs at $2.17 in merger
Forian Inc.'s General Counsel, Caroline Strickland McGrail, disposed of 150,000 unvested Restricted Stock Units (RSUs) at a price of $2.17 per share during the company's merger, converting them into a cash right. This transaction resulted in her directly owning 0 shares of Forian common stock. The merger involved Bravo Merger Sub, Inc. combining with Forian Inc., with Forian becoming a wholly-owned subsidiary of 2025 Acquisition Company, LLC.
