Forge Announces Employment Inducement Awards in Accordance With NYSE Rule 303A.08
The RSUs were granted under Forge鈥檚 Amended and Restated 2025 Inducement Plan (the 鈥淧lan鈥�) and vest over three years, subject to each employee maintaining a Service Relationship (as defined in the Plan) with Forge through the applicable vesting date. Up to 105,999 RSUs may vest subject to time-based vesting conditions (鈥淭ime Based RSUs鈥�), up to 61,331 RSUs may vest subject to the achievement of Forge鈥檚 revenue and Adjusted EBITDA goals in fiscal year 2025 (鈥淧erformance RSUs鈥�), and up to 9,333 RSUs may vest subject to Forge鈥檚 total shareholder return over a three-year period from 2025 to 2027 as measured against the Russell 2000 Index (鈥淭SR RSUs鈥�).
46,665 of such RSUs were awarded under the Plan to James Nevin, Forge鈥檚 new Chief Financial Officer, as inducement pursuant to his offer of employment and employment agreement, of which 18,666 are Time Based RSUs, 18,666 are Performance RSUs, and 9,333 are TSR RSUs. 53,333 of such RSUs were awarded under the Plan to Greg Lee, Forge鈥檚 new head of trading and data platform, as inducement pursuant to his offer of employment, of which 32,000 are Time Based RSUs and 21,333 are Performance RSUs.
The remaining RSUs were awarded under the Plan to four other employees as inducement to accept employment offers with Forge in connection with the recently completed Accuidity acquisition.
The RSUs were granted in reliance on the employment inducement exemption under the NYSE鈥檚 Listed Company Manual Rule 303A.08, which requires public announcement of inducement awards. Forge is issuing this press release pursuant to Rule 303A.08.
About Forge
Forge (NYSE: FRGE) is a leading provider of marketplace infrastructure, data services and technology and investment solutions for the private market. Forge Securities LLC is a registered broker-dealer and a member of FINRA that operates an alternative trading system.
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Investor Relations Contact:
Idalia Rodriguez, Arbor Advisory Group
[email protected]
Media Contact:
Lindsay Riddell
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Source: Forge Global
