Subsequent Events

12 Months Ended

Dec. 31, 2024

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On March 5, 2025, the Company announced that its board of directors has authorized a share repurchase program of up to $10 million of the Company’s common stock. The program does not obligate the Company to acquire any particular amount of its common stock, and may be modified, suspended, or terminated at any time at the Company’s discretion. The program has no expiration date.

On February 10, 2025, the Company's board of directors approved the adoption of the Forge Global Holdings, Inc. 2025 Inducement Plan (the “2025 Inducement Plan”), which was adopted without shareholder approval pursuant to Rule 303A.08 of the New York Stock Exchange Listed Company Manual. The aggregate number of shares of common stock reserved for issuance under the 2025 Inducement Plan is 1,500,000. The 2025 Inducement Plan provides for the grant of equity-based awards, including stock options, stock appreciation rights and RSUs, and its terms are substantially similar to the 2022 Plan, with the exception that awards can only be made to newly hired or re-employed individuals after a period of bona fide period of unemployment.

On February 2, 2025, the Company entered into a separation agreement with a senior executive containing terms that are materially consistent with the benefits that would be due under the executive’s employment agreement in the event of a Good Reason termination (as defined therein). The Company accelerated vesting of 438,091 RSUs with service-based vesting conditions, 187,798 RSUs with performance-based vesting conditions, and 150,704 RSUs with market-based and service-based vesting conditions in connection with the separation. The executive will be eligible for salary and discretionary bonus compensation through June 30, 2025.