Forian CEO Max Wygod Cashes Out 1.53M Shares in Merger

Context On May 15, 2026, Forian Inc. (ticker: FORA) completed a merger with 2025 Acquisition Company, LLC. The transaction turned Forian into a wholly owned subsidiary of the acquiring firm. Insider filings show the CEO’s holdings were fully liquidated at the merger’s effective time.

Key Facts - Wygod transferred 1,528,927 common shares back to Forian as part of the merger; the shares were cancelled with no cash consideration. - All unvested restricted stock units (RSUs) were converted into a cash right, calculated at $2.17 per underlying share. - Post‑merger, Wygod holds zero Forian shares and no derivative positions, confirming a complete cash‑out of his equity stake.

What It Means The cash‑out eliminates any insider ownership that could influence post‑merger governance. For investors, the $2.17 per‑share cash component sets a concrete floor for the value of unvested RSUs, which may affect how the market prices FORA’s remaining assets. With the CEO’s stake removed, the new parent company gains full control without insider voting power.

Looking Ahead Watch FORA’s share price and trading volume for signs of market adjustment to the new ownership structure, and monitor any further disclosures from 2025 Acquisition regarding integration plans.