FRMM 8-K SEC Filing Analysis

Latest settled — T+5d

FRMM ▼ -5.21% at T+5d

NEUTRAL call ✗ call lost -5.21% · α vs SPY -8.32% · entry $5.18 → $4.91

Next anchor: T+20d in 4d

Last close $4.54 (close May 22) · -12.36% from $5.18 entry

Entry anchored
Apr 28, 03:59 PM ET
via Databento tick

T+1d

+5.60%

call +5.60% · α +4.58%

$5.47

settled 24d ago

T+5d

-5.21%

call -5.21% · α -8.32%

$4.91

settled 18d ago

T+20d

—

call — · α —

—

in 4d

T+60d

—

call — · α —

—

in 2mo

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Executive Summary

Forum Markets provided an update on its share repurchase program, disclosing that since April 15, 2026, it has repurchased and cancelled approximately 5.65 million shares for $24.1 million at an average price of $4.26 per share, funded from existing cash. The buyback reduces total shares outstanding to about 14.65 million, representing a ~28% reduction in share count, but no financial performance or guidance was provided.

Actionable Insight

The aggressive buyback (28% of shares retired) signals management's confidence and could provide near-term price support, but watch for depletion of cash reserves and lack of fundamental performance update. Monitor next earnings for revenue and earnings trends to assess sustainability.

Key Facts

Repurchased and cancelled approximately 5,647,351 shares
Average price of approximately $4.26 per share (inclusive of fees)
Total aggregate cost of approximately $24,065,613 funded from existing cash
Approximately 14,649,582 shares outstanding as of April 28, 2026
All repurchased shares have been retired and cancelled
Program reinitiated effective April 15, 2026

Financial Impact

Buyback of $24.1M reduces share count by ~28%, potentially accretive to EPS, but no impact on revenue or earnings reported.

shares outstandingEPS (potential accretion)

Risk Factors

Depletion of cash reserves without commensurate operating cash flow
No disclosure of financial performance or updated guidance

Market Snapshot

Exchange

Nasdaq

Sector

Finance Services

Analyst Consensus

86% bullish (7 analysts)

Documents Analyzed

This report is based on 5 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001213900-26-048847
Document: ea028814701ex99-1.htm	0001213900-26-048847
Document: 0001213900-26-048847-index-headers.html	0001213900-26-048847
Document: 0001213900-26-048847-index.html	0001213900-26-048847
Document: 0001213900-26-048847.txt	0001213900-26-048847

8 reports for FRMM

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for FRMM — sortable, filterable
	Type				Now
May 14, 2026 9d ago	8-K MIXED ★ 6/10	$4.47 awaiting T+5	awaiting T+5	—	$4.54 (+1.57%)
Apr 29, 2026 24d ago	8-K NEUTRAL ★ 4/10	$5.18 $4.91	▼ −5.21%	▼ −8.32%	$4.54 (−12.36%)
Apr 24, 2026 29d ago	8-K NEUTRAL ★ 2/10	$5.42 $5.49	▲ +1.29%	▲ +0.89%	$4.54 (−16.24%)
Apr 8, 2026 6w ago	8-K BULLISH ★ 7/10	$2.04 $2.13	▲ +4.41%	▲ +0.90%	$4.54 (+122.55%)
Apr 8, 2026 6w ago	8-K NEUTRAL ★ 3/10	$2.04 $2.13	▲ +4.41%	▲ +0.90%	$4.54 (+122.55%)
Apr 3, 2026 7w ago	8-K NEUTRAL ★ 4/10	$2.16 $1.79	▼ −16.94%	▼ −21.07%	$4.54 (+110.67%)
Mar 31, 2026 7w ago	8-K MIXED ★ 6/10	$2.81 $2.04	▼ −27.40%	▼ −31.17%	$4.54 (+61.57%)
Mar 13, 2026 10w ago	8-K BULLISH ★ 7/10	$2.89 $2.81	▼ −2.77%	▼ −0.65%	$4.54 (+57.09%)

US Market Status

Market Closed — Opens Tue (35h 14m)

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