Forian Inc. Stock Compensation Disclosure
|
Number of Restricted Shares and Units |
Weighted Average Grant Date Fair Value Per Share | |||||||
| Unvested at January 1, 2024 | 744,985 | $ | 2.05 | |||||
| Issued | 1,176,000 | 2.22 | ||||||
| Vested | (268,737 | ) | 4.78 | |||||
| Canceled | (5,000 | ) | 9.47 | |||||
| Unvested at December 31, 2024 | 1,647,248 | 3.03 | ||||||
| Issued | 1,050,000 | 2.02 | ||||||
| Vested | (388,750 | ) | 3.92 | |||||
| Canceled | (567,250 | ) | 2.33 | |||||
| Unvested at December 31, 2025 | 1,741,248 | $ | 2.31 |
| For the Years Ended December 31, | ||||
| 2025 | 2024 | |||
| Exercise Price | $1.90 to $2.24 | $2.02 to $3.69 | ||
| Fair value of Company common stock | $1.90 to $2.24 | $2.02 to $3.69 | ||
| Dividend yield | 0% | 0% | ||
| Expected volatility | 69% to 75% | 74% to 79% | ||
| Risk Free interest rate | 3.80% to 4.20% | 3.80% to 4.20% | ||
| Expected life (years) remaining | 6.10 to 6.25 | 6.10 to 6.25 | ||
|
Shares Underlying Options |
Weighted Average Exercise Price | |||||||
| Outstanding at January 1, 2024 | 3,840,544 | $ | 7.12 | |||||
| Granted | 483,500 | $ | 2.79 | |||||
| Exercised | (14,375 | ) | $ | 2.98 | ||||
| Forfeited and expired | (357,873 | ) | $ | 7.49 | ||||
| Outstanding at December 31, 2024 | 3,951,796 | $ | 6.47 | |||||
| Granted | 208,000 | $ | 2.05 | |||||
| Exercised | (7,837 | ) | $ | 2.20 | ||||
| Forfeited and expired | (1,800,919 | ) | $ | 7.12 | ||||
| Outstanding at December 31, 2025 | 2,351,040 | $ | 5.59 | |||||
| Vested options at December 31, 2025 | 1,588,969 | $ | 6.84 |
| For the Year Ended December 31, | ||||||||
| 2025 | 2024 | |||||||
| Services | $ | 140,867 | $ | 155,318 | ||||
| Research and development | 119,302 | 107,840 | ||||||
| Sales and marketing | 365,097 | 275,679 | ||||||
| General and administrative | 2,651,113 | 5,989,560 | ||||||
| Total | $ | 3,276,379 | $ | 6,528,397 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 27, 2026 | Showing above |
| 2024 | Apr 11, 2025 | |
| 2022 | Mar 30, 2023 | |
| 2021 | Mar 31, 2022 | |
About Stock Compensation Disclosures
Stock-based compensation disclosures detail the equity awards granted to employees and executives — including stock options, restricted stock units (RSUs), and performance shares — along with the valuation methods and assumptions used to expense them. This section reveals the true cost of talent retention and the alignment between management incentives and shareholder interests.
Key signals: total unrecognized compensation expense and its expected recognition period signal future earnings headwinds from already-granted awards. For stock options, examine Black-Scholes assumptions — expected volatility, risk-free rate, and expected term — as understating any of these reduces reported compensation expense. Compare stock compensation expense as a percentage of revenue against peers to assess dilution cost. Watch vesting schedules for acceleration clauses tied to change-of-control events. Performance-based awards with undemanding targets may indicate weak governance. Add back stock compensation to operating cash flow to calculate a more conservative free cash flow figure.