AG˹ٷ

STOCK TITAN

[Form 4] Fortrea Holdings Inc. Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Negative)
Form Type
4

Mark A. Morais, Chief Operating Officer of Fortrea Holdings Inc. (FTRE), reported settlement of restricted stock units (RSUs) and a related sell-to-cover transaction. On 09/08/2025, 7,156 RSUs vested and were settled into 7,156 shares of Common Stock at no cash price. On 09/09/2025 the reporting person sold 3,155 shares at a weighted average price of $10.23 to satisfy tax withholding obligations under the company’s equity plan. After these transactions the reporting person beneficially owned 56,976 shares of Common Stock directly and 4,625 indirectly through a spouse, with 7,156 RSUs settled and an aggregate 81,476 RSUs/underlying shares noted as held. The sales were described as mandatory "sell-to-cover" actions, not discretionary trades.

Mark A. Morais, Chief Operating Officer di Fortrea Holdings Inc. (FTRE), ha comunicato la liquidazione di unità azionarie vincolate (RSU) e una conseguente operazione di vendita per coprire le imposte. Il 08/09/2025 sono maturate 7.156 RSU, convertite in 7.156 azioni ordinarie senza esborso in contanti. Il 09/09/2025 la persona segnalante ha venduto 3.155 azioni a un prezzo medio ponderato di $10,23 per soddisfare gli obblighi di ritenuta fiscale previsti dal piano azionario della società. Dopo tali operazioni, la persona segnalante possedeva direttamente 56.976 azioni ordinarie e indirettamente 4.625 tramite il coniuge, con 7.156 RSU già liquidate e un totale di 81.476 RSU/azioni sottostanti indicate come detenute. Le vendite sono state descritte come operazioni obbligatorie di “sell-to-cover�, non come operazioni discrezionali.

Mark A. Morais, Director de Operaciones de Fortrea Holdings Inc. (FTRE), informó la liquidación de unidades restringidas de acciones (RSU) y una operación de venta para cubrir impuestos. El 09/08/2025 vencieron 7.156 RSU y se convirtieron en 7.156 acciones comunes sin pago en efectivo. El 09/09/2025 la persona informante vendió 3.155 acciones a un precio medio ponderado de $10,23 para cumplir las obligaciones de retención fiscal bajo el plan de acciones de la compañía. Tras estas transacciones, la persona informante poseía directamente 56.976 acciones comunes e indirectamente 4.625 a través de su cónyuge, con 7.156 RSU liquidadas y un total de 81.476 RSU/acciones subyacentes registradas como en su poder. Las ventas se describieron como acciones obligatorias de “sell-to-cover�, no como operaciones discrecionales.

Fortrea Holdings Inc.(FTRE)� 최고운영책임�(Chief Operating Officer)� Mark A. Morais� 제한 주식 단위(RSU) 정산 � 이에 따른 세금 부담을 위한 매도(셀-�-커버) 거래� 보고했습니다. 2025� 9� 8일에 7,156 RSU가 성취되어 현금 지� 없이 7,156주의 보통주로 정산되었습니�. 2025� 9� 9� 보고자는 회사 주식 제도� 따른 원천징수 의무� 이행하기 위해 가중평� 가� $10.23� 3,155주를 매도했습니다. 이들 거래 이후 보고자는 직접적으� 56,976주의 보통주를 보유하고 배우자를 통해 간접적으� 4,625주를 보유했으�, 7,156 RSU가 정산되었� � 81,476 RSU/기초 주식� 보유� 것으� 기재되어 있습니다. 해당 매도� 임의 매매가 아닌 의무� 'sell-to-cover' 조치� 설명되었습니�.

Mark A. Morais, directeur des opérations de Fortrea Holdings Inc. (FTRE), a déclaré le règlement d'unités d'actions restreintes (RSU) et une opération de vente pour couvrir les impôts (sell-to-cover). Le 08/09/2025, 7 156 RSU ont acquis droit et ont été réglées en 7 156 actions ordinaires sans paiement en espèces. Le 09/09/2025, la personne déclarante a vendu 3 155 actions à un prix moyen pondéré de 10,23 $ afin de satisfaire aux obligations de retenue à la source prévues par le plan d'actions de la société. Après ces transactions, la personne déclarante détenait directement 56 976 actions ordinaires et indirectement 4 625 via son conjoint, avec 7 156 RSU réglées et un total de 81 476 RSU/actions sous-jacentes indiquées comme détenues. Les ventes ont été décrites comme des opérations obligatoires de « sell-to-cover », et non comme des transactions discrétionnaires.

Mark A. Morais, Chief Operating Officer von Fortrea Holdings Inc. (FTRE), meldete die Begleichung von Restricted Stock Units (RSUs) und eine damit zusammenhängende Sell-to-Cover-Transaktion. Am 08.09.2025 sind 7.156 RSUs fällig geworden und wurden ohne Barzahlung in 7.156 Stammaktien umgewandelt. Am 09.09.2025 verkaufte die meldende Person 3.155 Aktien zu einem gewichteten Durchschnittspreis von $10,23, um die steuerlichen Einbehaltspflichten gemäß dem Aktienplan des Unternehmens zu erfüllen. Nach diesen Transaktionen besaß die meldende Person direkt 56.976 Stammaktien und indirekt 4.625 über den Ehepartner, wobei 7.156 RSUs beglichen wurden und insgesamt 81.476 RSUs/zugrundeliegende Aktien als gehalten vermerkt sind. Die Verkäufe wurden als verpflichtende "sell-to-cover"-Maßnahmen und nicht als diskretionäre Geschäfte bezeichnet.

Positive
  • Clear disclosure of RSU vesting, settlement and mandatory sell-to-cover transaction, including weighted-average sale price range ($10.02�$10.44).
  • Reporting person retains significant ownership after transactions (56,976 shares directly and 4,625 indirectly), indicating continued alignment with shareholders.
Negative
  • None.

Insights

TL;DR: Officer vested RSUs and executed a routine sell-to-cover; transaction is administrative, not an active liquidity signal.

The Form 4 discloses a scheduled vesting event converting 7,156 RSUs to common shares on 09/08/2025 followed by a mandated sale of 3,155 shares on 09/09/2025 to satisfy tax withholding. The weighted average sale price was $10.23 across multiple trades. These actions are consistent with plan-driven tax withholding and do not reflect discretionary insider selling. Holdings after the transactions show direct beneficial ownership of 56,976 shares and indirect ownership of 4,625 shares, with additional RSU-related counts reported. For investors, this filing documents routine equity compensation mechanics rather than a change in corporate outlook.

TL;DR: Disclosure is clear on nature and timing of transactions; filing meets Section 16 transparency requirements.

The reporting provides explicit explanations: RSU vesting on 09/06/2025, settlement into common stock, and mandated sell-to-cover for tax obligations. The Form 4 includes the weighted-average sale price range ($10.02�$10.44) and offers to provide trade-level details on request, which supports compliance and transparency. No amendments or irregularities are indicated. This is a standard compensation-related disclosure with minimal governance concern.

Mark A. Morais, Chief Operating Officer di Fortrea Holdings Inc. (FTRE), ha comunicato la liquidazione di unità azionarie vincolate (RSU) e una conseguente operazione di vendita per coprire le imposte. Il 08/09/2025 sono maturate 7.156 RSU, convertite in 7.156 azioni ordinarie senza esborso in contanti. Il 09/09/2025 la persona segnalante ha venduto 3.155 azioni a un prezzo medio ponderato di $10,23 per soddisfare gli obblighi di ritenuta fiscale previsti dal piano azionario della società. Dopo tali operazioni, la persona segnalante possedeva direttamente 56.976 azioni ordinarie e indirettamente 4.625 tramite il coniuge, con 7.156 RSU già liquidate e un totale di 81.476 RSU/azioni sottostanti indicate come detenute. Le vendite sono state descritte come operazioni obbligatorie di “sell-to-cover�, non come operazioni discrezionali.

Mark A. Morais, Director de Operaciones de Fortrea Holdings Inc. (FTRE), informó la liquidación de unidades restringidas de acciones (RSU) y una operación de venta para cubrir impuestos. El 09/08/2025 vencieron 7.156 RSU y se convirtieron en 7.156 acciones comunes sin pago en efectivo. El 09/09/2025 la persona informante vendió 3.155 acciones a un precio medio ponderado de $10,23 para cumplir las obligaciones de retención fiscal bajo el plan de acciones de la compañía. Tras estas transacciones, la persona informante poseía directamente 56.976 acciones comunes e indirectamente 4.625 a través de su cónyuge, con 7.156 RSU liquidadas y un total de 81.476 RSU/acciones subyacentes registradas como en su poder. Las ventas se describieron como acciones obligatorias de “sell-to-cover�, no como operaciones discrecionales.

Fortrea Holdings Inc.(FTRE)� 최고운영책임�(Chief Operating Officer)� Mark A. Morais� 제한 주식 단위(RSU) 정산 � 이에 따른 세금 부담을 위한 매도(셀-�-커버) 거래� 보고했습니다. 2025� 9� 8일에 7,156 RSU가 성취되어 현금 지� 없이 7,156주의 보통주로 정산되었습니�. 2025� 9� 9� 보고자는 회사 주식 제도� 따른 원천징수 의무� 이행하기 위해 가중평� 가� $10.23� 3,155주를 매도했습니다. 이들 거래 이후 보고자는 직접적으� 56,976주의 보통주를 보유하고 배우자를 통해 간접적으� 4,625주를 보유했으�, 7,156 RSU가 정산되었� � 81,476 RSU/기초 주식� 보유� 것으� 기재되어 있습니다. 해당 매도� 임의 매매가 아닌 의무� 'sell-to-cover' 조치� 설명되었습니�.

Mark A. Morais, directeur des opérations de Fortrea Holdings Inc. (FTRE), a déclaré le règlement d'unités d'actions restreintes (RSU) et une opération de vente pour couvrir les impôts (sell-to-cover). Le 08/09/2025, 7 156 RSU ont acquis droit et ont été réglées en 7 156 actions ordinaires sans paiement en espèces. Le 09/09/2025, la personne déclarante a vendu 3 155 actions à un prix moyen pondéré de 10,23 $ afin de satisfaire aux obligations de retenue à la source prévues par le plan d'actions de la société. Après ces transactions, la personne déclarante détenait directement 56 976 actions ordinaires et indirectement 4 625 via son conjoint, avec 7 156 RSU réglées et un total de 81 476 RSU/actions sous-jacentes indiquées comme détenues. Les ventes ont été décrites comme des opérations obligatoires de « sell-to-cover », et non comme des transactions discrétionnaires.

Mark A. Morais, Chief Operating Officer von Fortrea Holdings Inc. (FTRE), meldete die Begleichung von Restricted Stock Units (RSUs) und eine damit zusammenhängende Sell-to-Cover-Transaktion. Am 08.09.2025 sind 7.156 RSUs fällig geworden und wurden ohne Barzahlung in 7.156 Stammaktien umgewandelt. Am 09.09.2025 verkaufte die meldende Person 3.155 Aktien zu einem gewichteten Durchschnittspreis von $10,23, um die steuerlichen Einbehaltspflichten gemäß dem Aktienplan des Unternehmens zu erfüllen. Nach diesen Transaktionen besaß die meldende Person direkt 56.976 Stammaktien und indirekt 4.625 über den Ehepartner, wobei 7.156 RSUs beglichen wurden und insgesamt 81.476 RSUs/zugrundeliegende Aktien als gehalten vermerkt sind. Die Verkäufe wurden als verpflichtende "sell-to-cover"-Maßnahmen und nicht als diskretionäre Geschäfte bezeichnet.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Morais Mark A.

(Last) (First) (Middle)
8 MOORE DRIVE

(Street)
DURHAM NC 27709

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Fortrea Holdings Inc. [ FTRE ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Operating Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/08/2025 M 7,156 A $0(1) 60,131 D
Common Stock(2) 09/09/2025 S 3,155 D $10.23(3) 56,976(4) D
Common Stock 4,625 I Spouse
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (1) 09/08/2025 M 7,156 (5) (5) Common Stock 7,156 $0 81,476(6) D
Explanation of Responses:
1. Each Restricted Stock Unit ("RSU") represents the right to receive, at settlement, one share of Fortrea Holdings Inc. ("Fortrea") Common Stock. This transaction represents the settlement of RSUs into Common Stock on their scheduled vesting date.
2. The sales reported on this Form 4 represent shares of Common Stock sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
3. This transaction was executed in multiple trades at prices ranging from $10.02 to $10.44. The price reported in column 4 above reflects the weighted average price of the shares of Common Stock sold. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
4. This number reflects the aggregate amount of Common Stock held by the reporting person.
5. The RSUs vested on September 6, 2025. The second installment will vest on September 6, 2026.
6. This number reflects the aggregate number of RSUs held by the reporting person.
/s/ James Stillman Hanson, Attorney-in-Fact for Mark A. Morais 09/10/2025
** 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 4 (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.

FAQ

What did FTRE insider Mark A. Morais report on Form 4?

The Form 4 reports settlement of 7,156 RSUs into common shares on 09/08/2025 and a mandatory sale of 3,155 shares on 09/09/2025 to cover taxes at a weighted average price of $10.23.

Why were 3,155 shares sold by FTRE insider Mark Morais?

Those shares were sold as a sell-to-cover transaction required by Fortrea’s equity incentive plans to satisfy tax withholding obligations, not as a discretionary sale.

How many FTRE shares does Mark Morais beneficially own after these transactions?

After the transactions he beneficially owned 56,976 shares directly and 4,625 indirectly through his spouse; the filing lists an aggregate RSU/underlying share count of 81,476.

What was the price range for the shares sold in the Form 4?

The sale was executed in multiple trades at prices ranging from $10.02 to $10.44, with a weighted average reported as $10.23.

When did the RSUs vest according to the filing?

The filing states the RSUs vested on September 6, 2025, with a second installment scheduled to vest on September 6, 2026.
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Biotechnology
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United States
DURHAM