Forge Global Holdings, Inc.

Overview

• IndustrySecurity & Commodity Brokers, Dealers, Exchanges & Services¹
• HeadquartersSan Francisco, California¹
• Incorporated inDE²
• Business address4 Embarcadero Center, Fl. 15, San Francisco, Ca 94111²
• Filer categoryNon-accelerated filer, Smaller reporting company²

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Forge is committed to democratizing access to private markets through our comprehensive suite of private market solutions, including a purpose-built technology-driven platform connecting buyers and sellers of private shares with investment opportunities. Our platform offers data, insights, and tools to help institutions and individuals confidently navigate the private market. We believe that private market investing should be seamless, centralized, and automated. We are focused on accelerating the evolution of private markets by building a market structure based on accessibility, liquidity, and transparency.⁴ From its latest annual report

Corporate structure

Forge Global Holdings, Inc. sits at the top of its group. 23 entities, 6 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Forge Global Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Investments

Intangibles and goodwill

Properties, in its own words

Our corporate headquarters occupies approximately 21,800 square feet in San Francisco, California under a sublease agreement that expires December 2025. We also lease and sub-lease additional offices in San Francisco, California; San Mateo, California; Sioux Falls, South Dakota; and New York, New York.

We believe that our existing facilities are sufficient for our current needs. In the future, we may need to add new facilities and expand our existing facilities as we add employees, grow our infrastructure and evolve our business, and we believe that suitable additional or substitute space will be available on commercially reasonable terms to meet our future needs.

Item 2 of the 10-K filed Mar 6, 2025.⁴

Leadership

Who has led Forge Global Holdings, Inc., and when. Pick a name to see everywhere that person has worked.

• Chief executive officerKelly Rodriques Mar 30, 2022 to now¹¹
• Chief executive officerBlythe Masters Dec 10, 2020 to Dec 10, 2020¹²
• ChairPaul Luc Robert Heyvaert Dec 10, 2020 to Dec 10, 2020¹³
• Chief financial officerJames Nevin Jan 29, 2025 to now¹⁴
• Chief financial officerKristy Trieste Dec 10, 2020 to Dec 10, 2020¹⁵
• Chief operating officerDrew Sievers Apr 1, 2024 to now¹⁶
• Chief operating officerJose Cobos Mar 30, 2022 to Jun 3, 2022¹⁷

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

• Equi LLC Delaware³
• Equidate Holdings LLC Delaware³
• Forge Asia Limited Hong Kong³
• Forge Data LLC Delaware³
• Forge EOF LLC Delaware³
• Forge Europe GmbH Germany³
• Forge Europe UK Ltd United Kingdom³
• Forge Financial Holdings, Inc. Delaware³
• Forge Global Advisors LLC Delaware³
• Forge Global, Inc. Delaware³
• Forge Investments II SPC Cayman Islands³
• Forge Investments LLC Delaware³
• Forge Investments SPC Cayman Islands³
• Forge Lending LLC California³
• Forge Markets LLC Delaware³
• Forge Offshore Limited Cayman Islands³
• Forge Research LLC Delaware³
• Forge Securities LLC Delaware³
• Forge Services, Inc. California³
• Forge Trust Co. South Dakota³
• SharesPost Asia Pte. Ltd. Singapore³
• SharesPost Financial Corporation California³

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

• Motive Capital CorpNov 9, 2020 to Mar 16, 2022²
• MCF2 Acquisition Corp.Oct 13, 2020 to Oct 13, 2020²

Timeline

1. Mar 2, 20268-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights³⁷
2. Jan 23, 20268-K Shareholder vote³⁸
3. Jan 14, 20268-K Other events³⁹
4. Dec 29, 20258-K Executive or director change⁴⁰
5. Nov 13, 20258-K Results of operations⁴¹
6. Nov 6, 20258-K Entered a material agreement⁴²
7. Oct 21, 20258-K Entered a material agreement; New debt or obligation⁴³
8. Sep 24, 20258-K Executive or director change⁴⁴
9. Sep 17, 20258-K Regulation FD disclosure⁴⁵
10. Aug 4, 20258-K Results of operations⁴⁶
11. Jul 30, 20258-K Results of operations⁴⁷
12. Jul 22, 20258-K Executive or director change⁴⁸
13. Mar 30, 2022New chief executive Kelly Rodriques becomes CEO¹¹
14. Dec 10, 2020New chief executive Blythe Masters becomes CEO¹²

Calendar

When it reported results

1. Nov 13, 2025Reported quarterly or annual results⁴¹
2. Aug 4, 2025Reported quarterly or annual results⁴⁶
3. Jul 30, 2025Reported quarterly or annual results⁴⁷
4. May 7, 2025Reported quarterly or annual results⁴⁹
5. Apr 10, 2025Reported quarterly or annual results⁵⁰
6. Mar 5, 2025Reported quarterly or annual results⁵¹
7. Nov 6, 2024Reported quarterly or annual results⁵²
8. Aug 7, 2024Reported quarterly or annual results⁵³

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

482 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 65 major events, 262 insider forms, 18 large holders, 116 other. The latest 20:

1. Mar 12, 202615-12G EDGAR
2. Mar 5, 2026EFFECT EDGAR
3. Mar 5, 2026SCHEDULE 13G EDGAR
4. Mar 3, 20264 EDGAR
5. Mar 3, 20264 EDGAR
6. Mar 3, 20264 EDGAR
7. Mar 3, 20264 EDGAR
8. Mar 3, 20264 EDGAR
9. Mar 3, 20264 EDGAR
10. Mar 3, 20264 EDGAR
11. Mar 3, 20264 EDGAR
12. Mar 3, 20264 EDGAR
13. Mar 2, 20268-K EDGAR
14. Mar 2, 2026S-8 POS EDGAR
15. Mar 2, 2026S-8 POS EDGAR
16. Mar 2, 2026S-8 POS EDGAR
17. Mar 2, 2026S-8 POS EDGAR
18. Mar 2, 2026S-8 POS EDGAR
19. Mar 2, 2026S-8 POS EDGAR
20. Mar 2, 2026S-8 POS EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

84 open-market trades by officers, directors and large owners since October 2021: 8 buys and 76 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• GLAZER CAPITAL, LLCSCHEDULE 13G, 1 filing Mar 5, 2026⁵⁴
• BlackRockSCHEDULE 13G, 2 filings Oct 17, 2025 to Jan 21, 2026⁵⁵
• Kostka LLCSCHEDULE 13G, 1 filing Dec 4, 2025⁵⁶
• Motive Capital Fund I-A, LPSCHEDULE 13D/A, 3 filings Mar 31, 2022 to Nov 7, 2025⁵⁷
• DEUTSCHE BORSE AGSCHEDULE 13D/A, 3 filings Mar 30, 2022 to Nov 6, 2025⁵⁸
• Temasek Holdings (Private) LtdSC 13G/A, 2 filings Mar 31, 2022 to Feb 6, 2024⁵⁹
• CITADEL ADVISORS LLCSC 13G/A, 2 filings Feb 14, 2022 to Feb 14, 2023⁶⁰
• Weiss Asset Management LPSC 13G/A, 2 filings Feb 11, 2022 to Feb 6, 2023⁶¹
• ARISTEIA CAPITAL, L.L.C.SC 13G/A, 1 filing Feb 14, 2022⁶²
• BlueCrest Capital Management LtdSC 13G/A, 1 filing Feb 11, 2022⁶³

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

SEC filer profile

How Forge Global Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARForge Global Holdings, Inc.¹
• CIK0001827821
• Employer ID (EIN)99-4383083⁴
• Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company⁴
• Incorporated inDelaware⁴
• Fiscal year endsDecember 31¹
• Industry code (SIC)6200 Security & Commodity Brokers, Dealers, Exchanges & Services¹
• SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance¹
• Business address4 Embarcadero Center, Fl. 15, San Francisco, CA 94111¹
• Phone800-279-7754¹
• Shares outstanding13,756,621 as of Nov 12, 2025⁹
• Public float$173.9M as of Jun 30, 2024⁴
• AuditorErnst & Young LLP, San Francisco, California PCAOB ID 42; no auditor attestation of internal control over financial reporting⁴
• On EDGAR sinceOct 13, 2020¹
• Filings531 in all: 4 (234), 8-K (66), 144 (35), 3 (28), 425 (21), 10-Q (15), CORRESP (10), 424B3 (9)¹
  All 44 form types

  S-8 POS (9), DEFA14A (8), S-8 (7), 4/A (6), SC 13G/A (6), UPLOAD (6), 10-K (5), 8-K/A (5), EFFECT (5), S-4/A (5), SC 13G (5), DEF 14A (4), SCHEDULE 13G (4), 10-Q/A (3), 25-NSE (3), ARS (3), SCHEDULE 13D/A (3), 10-K/A (2), 3/A (2), POS AM (2), PRE 14A (2), S-1 (2), S-1/A (2), SC 13D (2), 15-12G (1), 424B4 (1), 8-A12B (1), CERT (1), DEFM14A (1), DRS (1), NT 10-Q (1), PREM14A (1), S-1MEF (1), S-4 (1), SC 13D/A (1), SCHEDULE 13G/A (1)

• Latest filingsAnnual report (10-K) Mar 6, 2025
  Quarterly report (10-Q) Nov 13, 2025
  Proxy statement (DEF 14A) Apr 30, 2025
  Latest 8-K (8-K) Mar 2, 2026

Securities registered for trading

From the cover page of the 10-K filed Mar 6, 2025 (Section 12(b) of the Exchange Act).⁴

Risk factors and legal proceedings

The risks Forge Global Holdings, Inc. names in Item 1A of its 10-K filed Mar 6, 2025: 47 risks under these headings, as written.⁴

• Risks Related to Our Business
• We have a history of losses and may not achieve or maintain profitability in the future.
• There is no assurance that our revenue and business models will be successful.
• If we are unable to develop new solutions or adapt to technological changes, our revenue may not grow as expected.
• If we fail to retain our existing clients or acquire new clients in a cost-effective manner, our business could be harmed.
• We face intense and increasing competition and, if we do not compete effectively, our competitive positioning and operating results will be harmed.
• Given our focus on the private market, our clients may encounter additional risks when investing through our platform, including potential transfer or sale restrictions on securities, lack of information about private companies, opacity in pricing, and liquidity concerns.
• We have and may in the future become involved in, disputes or litigation matters between clients with respect to failed transactions on our platform (such as in the event of delayed delivery or a failure to deliver securities).
• If we fail to effectively manage future growth by developing and investing in our infrastructure as appropriate, our business, operating results and financial condition could be adversely affected.
• Our projections and key performance metrics are subject to significant risks, assumptions, estimates, judgments, and uncertainties. As a result, our financial and operating results may differ materially from our expectations.
• We may require additional capital to satisfy our liquidity needs and support the growth of our business, and this capital might not be available to us on reasonable terms.
• We are subject to regulations which require us to maintain appropriate capital adequacy and liquidity reserves.

Legal proceedings

Information regarding legal proceedings is available in Note 7, "Commitments and Contingencies" to the consolidated financial statements in this Report.

The opening of Item 3, Legal Proceedings.⁴