Company: FORA
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001140361-25-016300
Chunk: 35

Company: Forian Inc.
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 35
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 1: ELECTION OF DIRECTORS At the Annual Meeting, our stockholders will vote on the election of two Class I director nominees named in this Proxy Statement as directors, each to serve until our 2028 Annual Meeting of Stockholders and until their respective successors are elected and qualified. Our Board has unanimously nominated Stanley S. Trotman, Jr. and Kristiina Vuori, M.D., Ph.D. for election to our Board at the Annual Meeting. Each of the nominees has agreed to be named and to serve and we expect each nominee to be able to serve if elected. If any nominee is unable to serve, the Nominating Committee will recommend to our Board a replacement nominee. Our Board may then designate the other nominee to stand for election. If you voted for the unavailable nominee, your vote will be cast for their replacement. Recommendation of our Board Our Board unanimously recommends that stockholders vote “FOR”with respect to the election of Stanley S. Trotman, Jr. and Kristiina Vuori, M.D., Ph.D. to our Board as Class I directors. 25 TABLE OF CONTENTS PROPOSAL 2: AMENDMENT OF 2020 EQUITY INCENTIVE PLAN Background Upon the closing of our business combination on March 2, 2021, we adopted the 2020 Equity Incentive Plan (the “Plan”). The Plan provides for grants of stock options, stock awards and other equity-based awards to our directors, officers and consultants. Under the Plan as initially approved, 4,000,000 shares were authorized to be issued. In March 2022, our Board recommended an amendment to the Plan to increase the number of shares authorized for issuance under the Plan by 2,400,000 shares to 6,400,000, which amendment was approved by our stockholders in June 2022. As of April 25, 2025, a total of 5,643,088 equity-based awards had been issued under the Plan, and 774,787 shares remained available for the future grant of equity-based awards under the Plan. At this time, we estimate that the Plan does not have enough shares reserved to provide for equity incentive grants through the fiscal year ending December 31, 2025. Since our ability to grant equity incentive compensation to eligible individuals is an integral part of our compensation practices, we are requesting stockholder approval to add 4,000,000 shares to the Plan’s share reserve so that we may continue to grant awards