ForgeRock, Inc (FORG) Announces Partial Early Lock-up Expiration

ForgeRock, Inc. NYSE: FORG), a global leader in digital identity, today announced an upcoming partial early lock-up release with respect to ForgeRock’s Class A common stock, par value $0.001 per share (the “shares”), pursuant to the terms of the lock-up agreements (“lock-up agreements”) entered into by ForgeRock’s equity holders, including current executive officers and directors, with the underwriters of ForgeRock’s initial public offering.

Pursuant to the terms of the lock-up agreements, up to 15% of the shares (including shares underlying vested RSUs and stock options) subject to each lock-up agreement may be sold if certain share price and other conditions are met. Accordingly, ForgeRock expects that up to 11.7 million shares will become eligible for sale in the public market at the open of trading on Monday, November 22, 2021, subject to applicable restrictions under the Securities Act of 1933, as amended, including Rule 144 and Rule 701.

The lock-up restrictions will continue to apply with respect to all remaining securities subject to the lock-up agreements.

There will be no additional partial early lock-up releases other than the one described above prior to the expiration of the lock-up agreements, which expire after two full trading days have passed following the release of ForgeRock’s Q4 and Full Year 2021 earnings. The date, time and conference call information for this earnings release is expected to be announced in the first quarter of 2022.

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