SEC Filing Document

Company: Forbright, Inc.
Ticker: 
CIK: 1925062
Filing Type: S-1
Document Type: S-1
Date Filed: 2026-05-15
Accession Number: 0001628280-26-035713
Exchange: 
SIC Code: 6022
SIC Description: State Commercial Banks
URL: https://www.sec.gov/Archives/edgar/data/1925062/000162828026035713/forbright-sx1publicflip.htm

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— — Subordinated debt, net 151,003 146,547 — 146,547 — Shares Class A Common Stock PRELIMINARY PROSPECTUS Goldman Sachs & Co. LLC J.P. Morgan Barclays Wells Fargo Securities Piper Sandler TD Securities Santander Centerview Partners PART II INFORMATION NOT REQUIRED IN PROSPECTUS Item 13. Other Expenses of Issuance and Distribution. The following table sets forth all costs and expenses, other than the underwriting discounts and commissions payable by us, in connection with the offer and sale of the securities being registered. All amounts shown are estimates except for the SEC registration fee and the Financial Industry Regulatory Authority, Inc. (FINRA) filing fee. Amount To Be Paid Registration fee $ * FINRA filing fee * Listing fees * Printing and engraving expenses * Legal fees and expenses * Accounting fees and expenses * Transfer agent and registrar fees and expense * Miscellaneous * Total $ * *To be provided by amendment.

Item 14. Indemnification of Directors and Officers.

Section 145 of the DGCL authorizes a court to award, or a corporation’s board of directors to grant, indemnity to directors and officers under certain circumstances and subject to certain limitations. The terms of Section 145 of the DGCL are sufficiently broad to permit indemnification under certain circumstances for liabilities, including reimbursement of expenses incurred, arising under the Securities Act.

The Registrant’s amended and restated certificate of incorporation will provide that its directors and officers will not be personally liable to the Registrant or its stockholders for monetary damages for any breach of fiduciary duty as a director or officer, except to the extent such exemption from liability or limitation is not permitted under the DGCL, as may be amended, or for liability:

•for any breach of the director’s or officer’s duty of loyalty to the Registrant or its stockholders;

•for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law;

•in the case of a director, pursuant to Section 174 of the DGCL;

•for any transaction from which the director derived an improper personal benefit; or

•in the case of an officer, in any action by or in the right of the Registrant.

The Registrant’s amended and restated bylaws will provide that the Registrant must indemnify its directors and officers to the fullest extent permitted by law. The Registrant will also be expressly authorized to advance certain expenses (including attorneys’ fees) to its directors and officers and carry directors’ and officers’ insurance providing for indemnification of its directors and officers for some liabilities.

Prior to the completion of this offering, the Registrant will enter into indemnification agreements with each of its directors and officers that will provide for, among other things, indemnification to the fullest extent permitted by law against any and all expenses, judgments, fines, penalties, and amounts paid in settlement (with the Registrant’s

consent) of any threatened, pending, or completed action, suit, or proceeding, whether civil, criminal, administrative, or investigative. The indemnification agreements will also provide for the advancement or payment of all expenses to the Registrant’s directors and officers and for reimbursement of such advanced expenses to the Registrant if it is found that such director or officer is not entitled to such indemnification under applicable law.

The Registrant will obtain a general liability insurance policy that covers certain liabilities of its directors and officers arising out of claims based on acts or omissions in their capacities as directors or officers.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to the Registrant, its directors, its officers, or persons who control the Registrant pursuant to the foregoing provisions, the Registrant has been informed that, in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

The proposed form of underwriting agreement filed as Exhibit 1.1 to this Registration Statement provides for indemnification of directors and officers of the Registrant by the underwriters against certain liabilities.

Item 15. Recent Sales of Unregistered Securities.

Set forth below is information regarding all securities issued by the Registrant without registration under the Securities Act between January 1, 2023, and the date of this Registration Statement. The Registrant believes that each of these transactions was exempt from the registration requirements of the Securities Act pursuant to Section 4(a)(2), Regulation D, Regulation S or Rule 701 of the Securities Act or as transactions not involving the sale of securities.

a) Stock Options and RSAs

Between January 1, 2023 and the date of this Registration Statement, the Registrant granted to its employees and others options to purchase an aggregate of           shares of Class A common stock under its equity incentive plans at a weighted average price of $           per share.

Between January 1, 2023 and the date of this Registration Statement, the Registrant granted to its employees and others an aggregate of            shares of Class A common stock in the form of restricted stock awards under its equity incentive plans.

Item 16. Exhibits and Financial Statement Schedules.

a.Exhibits

The exhibit index attached hereto is incorporated herein by reference.

b.Financial Statement Schedules

No financial statement schedules are provided because the information called for is not applicable or is shown in the financial statements or notes thereto.

c.A table furnishing the calculation of filing fees paid for the securities being registered hereby is set forth in Exhibit 107 to this Registration Statement in the manner required by Item 601(b)(107) of Regulation S-K.

Item 17. Undertakings.

The undersigned registrant hereby undertakes to provide to the underwriters at the closing specified in the underwriting agreement, certificates in such denominations and registered in such names as required by the underwriters to permit prompt delivery to each purchaser.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the provisions referenced in Item 14 of this registration statement or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for

indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered hereunder, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

The undersigned registrant hereby undertakes that:

1)For purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus filed as part of this registration statement in reliance upon Rule 430A and contained in the form of prospectus filed by the registrant pursuant to Rule 424(b) (1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was declared effective; and

2)For the purpose of determining any liability under the Securities Act, each post-effective amendment that contains a form of prospectus shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at the time shall be deemed to be the initial bona fide offering thereof.

EXHIBIT INDEX

EXHIBIT NO. DESCRIPTION OF EXHIBIT

1.1* Form of Underwriting Agreement

3.1 Amended and Restated Certificate of Incorporation of the Registrant, currently in effect
3.2* Form of Amended and Restated Certificate of Incorporation of the Registrant, to be in effect immediately prior to completion of this offering

3.3 Amended and Rest at ed Bylaws of the Registrant, current ly in effect
3.4* Form of Amended and Restated Bylaws of the Registrant, to be in effect immediately prior to completion of this offering

5.1* Opinion of Skadden, Arps, Slate, Meagher & Flom LLP

10.1 Subordinated Note of Congressional Bancshares, Inc. for 5.75% fixed to floating rate subordinated note due December 1, 2029

10.2 Subordinated Note of Congressional Bancshares, Inc. for 4.00% fixed to floating rate subordinated note due January 1, 2032

10.3 Indenture, dated as of April 22, 2003, by and between American Bank Holdings, Inc. and Wells Fargo Bank, National Association, as trustee

10.4† Amended and Restated Forbright, Inc. 2014 Stock Incentive Plan

10.5† Form of Stock Option Award Agreemen t

10.6†* Form of Restrictive Stock Award Agreement

10.7† Form of Restrictive Stock Award Agreement (Retention)

10.8† Forbright, Inc. 2026 Stock Incentive Plan

10.9† F orbright, Inc. 2026 Employee Stock Purchase Plan

10.10†* Amended Employment Agreement by and between Congressional Bancshares, Inc. and John Delaney, dated February 21, 2021

10.11†* Amended Employment Agreement by and between Congressional Bancshares, Inc. and Donald Cole, dated February 21, 2021