| FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 06/10/2026 |
3. Issuer Name and Ticker or Trading Symbol
Forbright, Inc. [ FRBT ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Beneficially Owned | |||
|---|---|---|---|
| 1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
| Class A Common Stock | 1,697,289(1) | D | |
| Class A Common Stock | 125,000 | I | By AMD 09 LLC(2) |
| Class A Common Stock | 125,000 | I | By JKD 09 LLC(3) |
| Class A Common Stock | 49,946 | I | By SBLG Family Investment LLC(4) |
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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| 1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Stock Option (right to buy) | (5) | 04/15/2031 | Class A Common Stock | 2,165,000 | $12.63 | D | |
| Stock Option (right to buy) | (6) | 04/15/2031 | Class A Common Stock | 1,640,000 | $17.04 | D | |
| Explanation of Responses: |
| 1. Includes (i) 38,195 restricted stock awards ("RSAs") granted on March 13, 2025 that vest in five substantially equal annual installments on the first five anniversaries of the grant date; (ii) 18,000 RSAs granted on February 12, 2026 that vest in three substantially equal annual installments on the first three anniversaries of the grant date; and (iii) 121,875 RSAs granted on April 29, 2026 that vest in three substantially equal annual installments on the first three anniversaries of the grant date. |
| 2. These shares are held by AMD 09 LLC ("AMD"). April Delaney, the spouse of the Reporting Person has the power to vote and dispose of the shares held by AMD. The Reporting Person disclaims beneficial ownership of the shares held by AMD, except to the extent of his pecuniary interest therein. |
| 3. These shares are held by JKD 09 LLC ("JKD"). The Reporting Person has the sole power to vote and dispose of the shares held by JKD. The Reporting Person disclaims beneficial ownership of the shares held by JKD, except to the extent of his pecuniary interest therein. |
| 4. These shares are held by SBLG Family Investment LLC ("SBLG"). The Reporting Person has sole power to vote and dispose of the shares held by SBLG. The Reporting Person disclaims beneficial ownership of the shares held by SBLG, except to the extent of his pecuniary interest therein. |
| 5. These options were granted on April 15, 2021 and vest in five equal annual installments on the first five anniversaries of the grant date, of which 840,000 options are also subject to performance-based vesting conditions based on pre-established stock price hurdles. |
| 6. These options were granted on April 15, 2021 and vest in five equal annual installments on the first five anniversaries of the grant date. |
| Remarks: |
| Exhibit 24.1 - Power of Attorney |
| /s/ Kori L. Ogrosky, as attorney-in-fact | 06/10/2026 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 5 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||