Form 8-K
8-K — FORUM MARKETS Inc
Accession: 0001213900-26-039942
Filed: 2026-04-03
Period: 2026-04-02
CIK: 0001690080
SIC: 6199 (FINANCE SERVICES)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Financial Statements and Exhibits
Documents
8-K — ea0285105-8k_forum.htm (Primary)
EX-10.1 — PERFORMANCE STOCK UNIT AWARD AGREEMENT (ea028510501ex10-1.htm)
EX-10.2 — RESTRICTED STOCK UNIT AWARD AGREEMENT (ea028510501ex10-2.htm)
XML — IDEA: XBRL DOCUMENT (R1.htm)
8-K — CURRENT REPORT
8-K (Primary)
Filename: ea0285105-8k_forum.htm · Sequence: 1
false
0001690080
0001690080
2026-04-02
2026-04-02
iso4217:USD
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xbrli:shares
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
April 2, 2026
Forum Markets, Incorporated
(Exact name of registrant as specified in its charter)
Delaware
001-38105
90-1890354
(State or Other Jurisdiction
of Incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
2875 South Ocean Blvd, Suite
200
Palm Beach,
FL
33480
(Address of Principal Executive Offices)
(Zip Code)
(650) 507-0669
(Registrant’s telephone number, including
area code)
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class
Trading symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.0001 per share
FRMM
The Nasdaq Stock Market LLC
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure
of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April
2, 2026, the Board of Directors of Forum Markets, Incorporated (the “Company”), upon the recommendation of the Compensation
Committee of the Board, approved (a) a one-time initial equity award and a pro-rated 2025 annual award to McAndrew Rudisill, the Chief
Executive Officer and Chairman of the Company, and (b) an equity award to John Saunders, the Chief Financial Officer of the Company. Each
award consists 60% of performance stock units (“PSUs”) and 40% of restricted stock units (“RSUs”)
and was granted on April 2, 2026 pursuant to the Company’s 2025 Omnibus Incentive Plan (the “2025 OIP”) and a
Performance Stock Unit Award Agreement (for the PSUs) and a Restricted Stock Unit Award Agreement (for the RSUs). It is anticipated that
Mr. Rudisill will be granted a similar annual equity award on the date of each annual meeting of the Company’s stockholders beginning
with the 2026 annual meeting, subject to review and approval by the Compensation Committee.
In its
recommendation to the Board, the Compensation Committee explained its view that it was an important governance and retention matter to
grant appropriate equity awards to Mr. Rudisill and Mr. Saunders, to retain and motivate them and to align their interests with the Company’s
shareholders. In reaching its recommendation about the amount and structure of the awards, the Compensation Committee engaged an independent
compensation consultant, reviewed market data provided by the consultant, conferred with outside counsel, and met multiple times as a
Committee to discuss the amounts and structure of the awards. The Committee also considered the facts that Mr. Rudisill had received no
equity compensation since joining the Company and that he currently holds no unvested equity in the Company (on November 12, 2025, 136,500
shares of restricted common stock were granted to Mr. Rudisill; on December 1, 2025, that grant was rescinded by the Board, with the approval
of Mr. Rudisill, effective as of the grant date). In its recommendation to the Board, the Compensation Committee explained that, as a
result of these considerations, the members of the Committee unanimously concluded that granting the awards would be in the Company’s
best interest.
The one-time
initial equity award was granted in recognition of Mr. Rudisill’s appointment to lead the Company’s strategic direction and
has a grant date value of $4,285,500, which is two times the $2,142,750 grant date value of the annual equity award that is anticipated
will be granted to Mr. Rudisill on the date of each annual meeting of stockholders. The pro-rated 2025 annual award was granted in recognition
of Mr. Rudisill’s service from August 1, 2025 to December 31, 2025 and has a grant date value of $898,194, which reflects the prorated
value of the anticipated annual equity award. The equity award granted to Mr. Saunders has a grant date value of $750,000. The number
of shares of the Company’s common stock subject to each of the awards was determined by dividing the applicable grant date value
by the closing price of a share on the grant date. To the extent that the awards vest, the shares will be delivered to Mr. Rudisill or
Mr. Saunders on or promptly following the vesting date.
For each
award, the RSUs will vest in one-third installments on each of the first, second and third anniversaries of August 1, 2025 (the start
date for both Mr. Rudisill and Mr. Saunders), subject to continued employment through the applicable anniversary, and the PSUs will vest
based on the achievement of Company share price hurdles within five years after the grant date, subject to continued employment through
the date that the applicable hurdle is achieved (or, if later, the date that the applicable minimum vesting period described below is
met). One-third of the PSUs will vest at a share price hurdle of $5.00, an additional one-third of the PSUs will vest at a share price
hurdle of $7.50, and the final one-third of the PSUs will vest at a share price hurdle of $10.00. Each share price hurdle will be achieved
if the closing price of a share equals or exceeds the applicable hurdle for at least 30 trading days within any consecutive 60 calendar
day period. Any PSUs for which the applicable share price hurdle is not met within five years after the grant date will be forfeited.
Each tranche of the PSUs is also subject to a minimum vesting period that applies regardless of when the applicable share price hurdle
is met, such that, except as described below, the $5.00 tranche may not vest earlier than the first anniversary of the grant date, the
$7.50 tranche may not vest earlier than the second anniversary of the grant date, and the $10.00 tranche may not vest earlier than the
third anniversary of the grant date.
On termination
of Mr. Rudisill’s or Mr. Saunders’ employment by the Company without “Cause” (as defined in the 2025 OIP) at any
time prior to a “Change in Control” (as defined in the 2025 OIP), any unvested RSUs and any PSUs for which the applicable
share price hurdles were previously achieved but which have not yet vested will vest, and any PSUs for which the applicable share price
hurdles were not previously achieved will be forfeited. On a Change in Control, the share price hurdles for the PSUs will be deemed achieved
(to the extent not previously achieved), and following the Change in Control, the RSUs and the PSUs (to the extent not previously vested)
will continue to vest on their existing schedules, with vesting accelerating if Mr. Rudisill’s or Mr. Saunder’s employment
is subsequently terminated by the Company without Cause or by him for “Good Reason” (as defined in the 2025 OIP).
1
The foregoing
description of the equity awards granted to Mr. Rudisill and Mr. Saunders is a general description only and is qualified in its entirety
by the full text of the Performance Stock Unit Award Agreement and the Restricted Stock Unit Award Agreement, copies of which are attached
as Exhibit 10.1 and Exhibit 10.2, respectively.
Item 9.01 Financial Statements
and Exhibits.
(d) Exhibits
Exhibit No.
Exhibit
10.1
Performance Stock Unit Award Agreement
10.2
Restricted Stock Unit Award Agreement
104
Cover Page Interactive Data File (embedded within the Inline XBRL document).
2
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
FORUM MARKETS, INCORPORATED
Date: April 3, 2026
By:
/s/ McAndrew Rudisill
Name:
McAndrew Rudisill
Title:
Chief Executive Officer
3
EX-10.1 — PERFORMANCE STOCK UNIT AWARD AGREEMENT
EX-10.1
Filename: ea028510501ex10-1.htm · Sequence: 2
Exhibit 10.1
FORUM MARKETS, INCORPORATED
2025 OMNIBUS INCENTIVE PLAN
Performance Stock Unit Award Agreement
The Participant (as defined below) has been granted
an Award (this “Award”) of performance stock units (“PSUs”) on the following terms and subject
to the provisions of Attachment A and the Forum Markets, Incorporated 2025 Omnibus Incentive Plan (the “Plan”). Unless
defined in this Award Agreement (including Attachment A, this “Agreement”), capitalized terms will have the meanings
assigned to them in the Plan.
Participant
[___________] (the “Participant”)
PSUs (#)
[_______]1
Grant Date
[___________] (the “Grant Date”)
Vesting
Subject to Section 4 of Attachment A, the PSUs will vest to the extent that both the applicable “Share Price Hurdle” and the applicable “Service Condition” (as such terms are defined below) are satisfied.
Share Price Hurdle
The “Share Price Hurdle” will be satisfied for:2
· one-third
of the PSUs (“Tranche 1”) if the “$[____] Hurdle” (as defined in Section 3(a) of Attachment A) is
achieved;
· an
additional one-third of the PSUs (“Tranche 2”) if the “$[____] Hurdle” (as defined in Section 3(b) of Attachment
A) is achieved; and
· the
final one-third of the PSUs (“Tranche 3”) if the “$[____] Hurdle” (as defined in Section 3(c) of Attachment
A) is achieved;
in each case, on or prior to the five-year anniversary of the Grant Date.
Service Condition
The “Service Condition” will be satisfied for:3
· Tranche
1 on [_________________________];
· Tranche
2 on [_________________________]; and
· Tranche
3 on [_________________________];
in each case, provided that the Participant has not experienced a termination
of employment prior to such anniversary.
1 The following numbers of PSUs were granted to McAndrew Rudisill
and John Saunders on April 2, 2026: (a) 935,018 PSUs to Mr. Rudisill for his initial equity award, (b) 195,969 PSUs to Mr. Rudisill for
his prorated equity award for 2025, and (c) 163,636 PSUs to Mr. Saunders.
2 The Share Price Hurdles for the PSUs granted to Mr. Rudisill
and Mr. Saunders on April 2, 2026 are: (a) $5.00 for Tranche 1, (b) $7.50 for Tranche 2 and (c) $10.00 for Tranche 3.
3 The dates on which the Service Condition for the PSUs granted
to Mr. Rudisill and Mr. Saunders on April 2, 2026 will be satisfied are: (a) for Tranche 1, the one-year anniversary of the Grant Date,
(b) for Tranche 2, the two-year anniversary of the Grant Date, and (c) for Tranche 3, the three-year anniversary of the Grant Date.
Attachment A
Performance Stock Unit Award Agreement
Terms and Conditions
Section 1. Grant of Performance Stock Unit Award.
Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants this Award to the Participant on the Grant
Date on the terms set forth on the cover page of this Agreement, as more fully described in this Attachment A. This Award is granted under
the Plan, which is incorporated herein by this reference and made a part of this Agreement.
Section 2. Rights with Respect to Shares.
(a) Right
to Receive Shares. Each PSU represents the right to receive one Share if such PSU vests, as determined in accordance with this Agreement.
(b) Voting
Rights. The Participant will have no voting rights with respect to the PSUs unless and until the Participant becomes the record owner
of the Shares subject to the PSUs.
(c) Dividend
Equivalents. If a dividend is paid on Shares during the period beginning on the Grant Date and ending on the date on which the Shares
subject to the PSUs are delivered to the Participant, the Participant will be entitled to receive an amount equal to the amount of the
dividend that the Participant would have received had the Shares subject to the PSUs been delivered to the Participant as of the record
date for such dividend; provided that no such amount will be payable with respect to any PSUs that are forfeited. Such amount will
be paid to the Participant on the date on which the Shares subject to the PSUs are delivered to the Participant in the same form (cash,
Shares or other property) in which such dividend is paid to holders of Shares generally.
(d) Transferability.
The PSUs may not be assigned, sold, transferred or otherwise be subject to alienation by the Participant. Any assignment, sale, transfer
or other alienation with respect to the Shares deliverable on the vesting of the PSUs will be in accordance with applicable securities
laws.
Section 3. Share Price Hurdles. Each of the
applicable Share Price Hurdles set forth in clauses (a), (b) and (c) below will be achieved if the Fair Market Value of a Share equals
or exceeds the applicable dollar amount set forth below for at least 30 trading days within any consecutive 60 calendar day period beginning
on the Grant Date and ending on the five-year anniversary of the Grant Date. Any PSUs for which the applicable Share Price Hurdle is not
achieved on or prior to the five-year anniversary of the Grant Date will be forfeited.
(a) $[____]
Hurdle. The Share Price Hurdle for Tranche 1 (the “$[ ] Hurdle”) will be achieved if the Fair Market Value of a
Share equals or exceeds $[____].
(b) $[____
Hurdle. The Share Price Hurdle for Tranche 2 (the “$[ ] Hurdle”) will be achieved if the Fair Market Value of a
Share equals or exceeds $[____].
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(c) $[____
Hurdle. The Share Price Hurdle for Tranche 3 (the “$[ ] Hurdle”) will be achieved if the Fair Market Value of a
Share equals or exceeds $[____].
(d) Change
in Control. If a Change in Control occurs, any PSUs for which the applicable Share Price Hurdle was not achieved prior to such Change
in Control will be deemed achieved.
Section 4. Accelerated Vesting, Forfeiture and
Delivery of Shares.
(a) Termination
of Employment.
(i) Without
Cause Prior to Change in Control. If, at any prior to a Change in Control, the Participant’s employment
is terminated by the Company without Cause, any PSUs for which the applicable Share Price Hurdle was achieved prior to such termination
will vest, and any PSUs for which the applicable Share Price Hurdle was not achieved prior to such termination will be forfeited.
(ii) Without
Cause or for Good Reason Following Change in Control. If, at any time following a Change in Control,
the Participant’s employment is terminated by the Company without Cause or by the Participant for Good Reason, any then-unvested
PSUs will vest.
(iii) Any
Other Reason. Except as provided in clauses (i) and (ii) of this Section 4(a), if the Participant’s
employment terminates for any reason, any then-unvested PSUs will be forfeited.
(b) Delivery
of Shares. The Company will deliver to the Participant promptly (and in all events within 30 days) after the date on which any PSUs
vest, a number of Shares equal to the number of such vested PSUs.
Section 5. Miscellaneous Provisions.
(a) No
Employment Contract Created. The issuance of this Award is not to be construed as granting to the Participant any right with respect
to continuance of employment with the Company. The right of the Company to terminate at will the Participant’s employment at any
time (whether by dismissal, discharge or otherwise), with or without cause, is specifically reserved, subject to any other written employment
or other agreement to which the Company and the Participant may be a party.
(b) Withholding
Taxes. The Participant acknowledges that this Award is subject to withholding pursuant to Section 11.10 of the Plan.
(c) Interpretation.
This Award is being issued pursuant to the terms of the Plan and is to be interpreted in accordance therewith. The Administrator will
interpret and construe this Agreement and the Plan, and any action, decision, interpretation or determination made in good faith by the
Administrator will be final and binding on the Company and the Participant.
A-2
(d) Notices.
All notices or other communications which are required or permitted hereunder will be in writing and sufficient if (i) personally delivered,
(ii) sent by nationally recognized overnight courier or (iii) sent by registered or certified mail, postage prepaid, return receipt requested,
addressed as follows:
(A) If
to the Company, to its principal executive office as specified in any report filed by the Company with the Securities and Exchange Commission
or to such address as the Company may have specified to the Participant in writing, Attention: General Counsel.
(B) If
to the Participant, to the last known address for the Participant as maintained in the personnel records of the Company.
(e) Governing
Law. This Agreement will be construed in accordance with and governed by the laws of the State of Delaware regardless of the application
of rules of conflict of law that would apply the laws of any other jurisdiction.
(f) Counterparts.
This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original, but all of which together
will constitute one and the same instrument.
(g) Entire
Agreement. This Agreement and the Plan constitute the entire agreement between the parties with respect to the subject matter hereof,
and supersede all previously written or oral negotiations, commitments, representations and agreements with respect thereto.
(h) Severability.
In the event one or more of the provisions of this Agreement are, for any reason, held to be invalid, illegal or unenforceable in any
respect, such invalidity, illegality or unenforceability will not affect any other provisions of this Agreement, and this Agreement will
be construed as if such invalid, illegal or unenforceable provision had never been contained herein.
(i) No
Advice Regarding Grant. The Company is not providing the Participant with any tax, legal or financial advice, nor is the Company making
any recommendations regarding the Participant’s participation in the Plan, the grant of the PSUs to the Participant, or the Participant’s
acquisition or sale of the Shares delivered on vesting of the PSUs. The Participant should consult with the Participant’s own personal
tax, legal and financial advisors regarding the Participant’s participation in the Plan before taking any action related to the
Plan.
(j) Compliance
with Law. The Participant agrees that the Company will have unilateral authority to amend this Agreement without the Participant’s
consent to the extent necessary to comply with securities or other laws applicable to issuance of Shares.
(k) WAIVER
OF JURY TRIAL. THE PARTICIPANT HEREBY EXPRESSLY, IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING
RELATING TO THIS AGREEMENT AND FOR ANY COUNTERCLAIM THEREIN.
[Signature page follows]
A-3
IN WITNESS WHEREOF, the parties hereto have
executed this Performance Stock Unit Award Agreement as of the date first written above.
FORUM MARKETS, INC.
By:
Name:
Title:
PARTICIPANT
EX-10.2 — RESTRICTED STOCK UNIT AWARD AGREEMENT
EX-10.2
Filename: ea028510501ex10-2.htm · Sequence: 3
Exhibit 10.2
FORUM MARKETS, INCORPORATED
2025 OMNIBUS INCENTIVE PLAN
Restricted Stock Unit Award Agreement
The Participant (as defined below) has been granted
an Award (this “Award”) of restricted stock units (“RSUs”) on the following terms and subject
to the provisions of Attachment A and the Forum Markets, Incorporated 2025 Omnibus Incentive Plan (the “Plan”). Unless
defined in this Award Agreement (including Attachment A, this “Agreement”), capitalized terms will have the meanings
assigned to them in the Plan.
Participant
[___________] (the “Participant”)
RSUs (#)
[_______]1
Grant Date
[___________] (the “Grant Date”)
Vesting
Subject to Section 3 of Attachment A:2
●
one-third of the RSUs will
vest on
[______________];
●
an additional one-third of the RSUs will vest on
[______________]; and
●
the
final one-third of the RSUs will vest on
[______________];
in each case, provided that the Participant has not experienced a termination of employment prior to such date.
1 The following numbers of RSUs were granted to McAndrew Rudisill
and John Saunders on April 2, 2026: (a) 623,345 RSUs to Mr. Rudisill for his initial equity award, (b) 130,647 RSUs to Mr. Rudisill for
his prorated equity award for 2025, and (c) 109,091 RSUs to Mr. Saunders.
2 The vesting dates for the RSUs granted to Mr. Rudisill and Mr.
Saunders on April 2, 2026 are: (a) August 1, 2026, (b) August 1, 2027, and (c) August 1, 2028.
Attachment A
Restricted Stock Unit Award Agreement
Terms and Conditions
Section 1. Grant of Restricted Stock Unit
Award. Subject to the terms and conditions of the Plan and this Agreement, the Company hereby grants this Award to the Participant
on the Grant Date on the terms set forth on the cover page of this Agreement, as more fully described in this Attachment A. This Award
is granted under the Plan, which is incorporated herein by this reference and made a part of this Agreement.
Section 2. Rights with Respect to Shares.
(a) Right
to Receive Shares. Each RSU represents the right to receive one Share if such RSU vests, as determined in accordance with this Agreement.
(b) Voting
Rights. The Participant will have no voting rights with respect to the RSUs unless and until the Participant becomes the record owner
of the Shares subject to the RSUs.
(c) Dividend
Equivalents. If a dividend is paid on Shares during the period beginning on the Grant Date and ending on the date on which the Shares
subject to the RSUs are delivered to the Participant, the Participant will be entitled to receive an amount equal to the amount of the
dividend that the Participant would have received had the Shares subject to the RSUs been delivered to the Participant as of the record
date for such dividend; provided that no such amount will be payable with respect to any RSUs that are forfeited. Such amount will
be paid to the Participant on the date on which the Shares subject to the RSUs are delivered to the Participant in the same form (cash,
Shares or other property) in which such dividend is paid to holders of Shares generally.
(d) Transferability.
The RSUs may not be assigned, sold, transferred or otherwise be subject to alienation by the Participant. Any assignment, sale, transfer
or other alienation with respect to the Shares deliverable on the vesting of the RSUs will be in accordance with applicable securities
laws.
Section 3. Accelerated Vesting, Forfeiture
and Delivery of Shares.
(a) Termination
of Employment.
(i) Without
Cause Prior to Change in Control. If, at any prior to a Change in Control, the Participant’s employment
is terminated by the Company without Cause, any then-unvested RSUs will vest.
(ii) Without
Cause or for Good Reason Following Change in Control. If, at any time following a Change in Control,
the Participant’s employment is terminated by the Company without Cause or by the Participant for Good Reason, any then-unvested
RSUs will vest.
(iii) Any
Other Reason. Except as provided in clauses (i) and (ii) of this Section 3(a), if the Participant’s
employment terminates for any reason, any then-unvested RSUs will be forfeited.
A-1
(b) Delivery
of Shares. The Company will deliver to the Participant promptly (and in all events within 30 days) after the date on which any RSUs
vest, a number of Shares equal to the number of such vested RSUs.
Section 4. Miscellaneous Provisions.
(a) No
Employment Contract Created. The issuance of this Award is not to be construed as granting to the Participant any right with respect
to continuance of employment with the Company. The right of the Company to terminate at will the Participant’s employment at any
time (whether by dismissal, discharge or otherwise), with or without cause, is specifically reserved, subject to any other written employment
or other agreement to which the Company and the Participant may be a party.
(b) Withholding
Taxes. The Participant acknowledges that this Award is subject to withholding pursuant to Section 11.10 of the Plan.
(c) Interpretation.
This Award is being issued pursuant to the terms of the Plan and is to be interpreted in accordance therewith. The Administrator will
interpret and construe this Agreement and the Plan, and any action, decision, interpretation or determination made in good faith by the
Administrator will be final and binding on the Company and the Participant.
(d) Notices.
All notices or other communications which are required or permitted hereunder will be in writing and sufficient if (i) personally delivered,
(ii) sent by nationally recognized overnight courier or (iii) sent by registered or certified mail, postage prepaid, return receipt requested,
addressed as follows:
(A) If
to the Company, to its principal executive office as specified in any report filed by the Company with the Securities and Exchange Commission
or to such address as the Company may have specified to the Participant in writing, Attention: General Counsel.
(B) If
to the Participant, to the last known address for the Participant as maintained in the personnel records of the Company.
(e) Governing
Law. This Agreement will be construed in accordance with and governed by the laws of the State of Delaware regardless of the application
of rules of conflict of law that would apply the laws of any other jurisdiction.
(f) Counterparts.
This Agreement may be executed in one or more counterparts, each of which will be deemed to be an original, but all of which together
will constitute one and the same instrument.
A-2
(g) Entire
Agreement. This Agreement and the Plan constitute the entire agreement between the parties with respect to the subject matter hereof,
and supersede all previously written or oral negotiations, commitments, representations and agreements with respect thereto.
(h) Severability.
In the event one or more of the provisions of this Agreement are, for any reason, held to be invalid, illegal or unenforceable in any
respect, such invalidity, illegality or unenforceability will not affect any other provisions of this Agreement, and this Agreement will
be construed as if such invalid, illegal or unenforceable provision had never been contained herein.
(i) No
Advice Regarding Grant. The Company is not providing the Participant with any tax, legal or financial advice, nor is the Company making
any recommendations regarding the Participant’s participation in the Plan, the grant of the RSUs to the Participant, or the Participant’s
acquisition or sale of the Shares delivered on vesting of the RSUs. The Participant should consult with the Participant’s own personal
tax, legal and financial advisors regarding the Participant’s participation in the Plan before taking any action related to the
Plan.
(j) Compliance
with Law. The Participant agrees that the Company will have unilateral authority to amend this Agreement without the Participant’s
consent to the extent necessary to comply with securities or other laws applicable to issuance of Shares.
(k) WAIVER
OF JURY TRIAL. THE PARTICIPANT HEREBY EXPRESSLY, IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING
RELATING TO THIS AGREEMENT AND FOR ANY COUNTERCLAIM THEREIN.
[Signature page follows]
A-3
IN WITNESS WHEREOF, the parties hereto have executed
this Restricted Stock Unit Award Agreement as of the date first written above.
FORUM MARKETS, INC.
By:
Name:
Title:
PARTICIPANT
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Entity File Number
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Entity Registrant Name
Forum Markets, Incorporated
Entity Central Index Key
0001690080
Entity Tax Identification Number
90-1890354
Entity Incorporation, State or Country Code
DE
Entity Address, Address Line One
2875 South Ocean Blvd
Entity Address, Address Line Two
Suite
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Entity Address, City or Town
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Entity Address, State or Province
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City Area Code
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Local Phone Number
507-0669
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Trading Symbol
FRMM
Security Exchange Name
NASDAQ
Entity Emerging Growth Company
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- Definition
Area code of city
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No definition available.
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- Definition
Cover page.
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No definition available.
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- Definition
For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
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No definition available.
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- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
+ References
No definition available.
+ Details
Name:
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Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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- Definition
Address Line 1 such as Attn, Building Name, Street Name
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No definition available.
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Name:
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Namespace Prefix:
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Data Type:
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- Definition
Address Line 2 such as Street or Suite number
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No definition available.
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Name:
dei_EntityAddressAddressLine2
Namespace Prefix:
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Balance Type:
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- Definition
Name of the City or Town
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No definition available.
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Name:
dei_EntityAddressCityOrTown
Namespace Prefix:
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Data Type:
xbrli:normalizedStringItemType
Balance Type:
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- Definition
Code for the postal or zip code
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No definition available.
+ Details
Name:
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Namespace Prefix:
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Data Type:
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Balance Type:
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- Definition
Name of the state or province.
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No definition available.
+ Details
Name:
dei_EntityAddressStateOrProvince
Namespace Prefix:
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Data Type:
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Balance Type:
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Period Type:
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Period Type:
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- Definition
Indicate if registrant meets the emerging growth company criteria.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Name:
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- Definition
Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
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No definition available.
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Data Type:
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Balance Type:
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Period Type:
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X
- Definition
Two-character EDGAR code representing the state or country of incorporation.
+ References
No definition available.
+ Details
Name:
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Namespace Prefix:
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Data Type:
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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- Definition
The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
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Data Type:
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Period Type:
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- Definition
Local phone number for entity.
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No definition available.
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Namespace Prefix:
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Data Type:
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Balance Type:
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 13e
-Subsection 4c
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Namespace Prefix:
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Data Type:
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Period Type:
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14d
-Subsection 2b
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Namespace Prefix:
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Data Type:
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Balance Type:
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- Definition
Title of a 12(b) registered security.
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Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b
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Namespace Prefix:
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- Definition
Name of the Exchange on which a security is registered.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection d1-1
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Data Type:
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 14a
-Subsection 12
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- Definition
Trading symbol of an instrument as listed on an exchange.
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No definition available.
+ Details
Name:
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Namespace Prefix:
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Data Type:
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- Definition
Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Securities Act
-Number 230
-Section 425
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