Form 4 for FRMM FORUM MARKETS Inc
Accepted 2025-08-18 00:00:00 ET · period of report 2025-07-27 · accession 0001477932-25-006027 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-08-18 | 2025-07-27 | FRMM | ELRAY RESOURCES, INC. | Former 10% Owner | X - OptEx | $1.68 | +3.00M | 4.32M | +228% | +$5.04M |
| DM | 2025-08-18 | 2025-07-27+ | FRMM | ELRAY RESOURCES, INC. | Former 10% Owner | S - Sale+OE | $3.09 | -3.00M | 2.50M | -55% | -$9.28M |
| D | 2025-08-18 | 2025-07-27 | FRMM | ELRAY RESOURCES, INC. | Former 10% Owner | X - OptEx | $0.00 | -3.00M | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-07-27 | X | A | 3,000,000 | $1.68 | 4,318,000 | D | — | — | (F2) Includes 1,318,000 shares of Common Stock that are expected to be repurchased by the Issuer following the date of this Form 4 pursuant to the terms of that certain Settlement and Release Agreement dated and effective April 23, 2024, by and between the Issuer, Elray Resources, Inc. and Luxor Capital, LLC, as previously disclosed. |
| 2 | Common | Common Stock | 2025-07-27 | S | D | 1,680,000 | $3.00 | 2,638,000 | D | — | — | (F2) Includes 1,318,000 shares of Common Stock that are expected to be repurchased by the Issuer following the date of this Form 4 pursuant to the terms of that certain Settlement and Release Agreement dated and effective April 23, 2024, by and between the Issuer, Elray Resources, Inc. and Luxor Capital, LLC, as previously disclosed. |
| 3 | Common | Common Stock | 2025-08-11 | S | D | 405,148 | $3.17 | 1,320,000 | D | — | — | (F5) This transaction was executed in multiple trades at prices ranging from $3.37 to $3.00, inclusive. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission 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. (F2) Includes 1,318,000 shares of Common Stock that are expected to be repurchased by the Issuer following the date of this Form 4 pursuant to the terms of that certain Settlement and Release Agreement dated and effective April 23, 2024, by and between the Issuer, Elray Resources, Inc. and Luxor Capital, LLC, as previously disclosed. |
| 4 | Common | Common Stock | 2025-08-08 | S | D | 777,595 | $3.18 | 1,725,148 | D | — | — | (F4) This transaction was executed in multiple trades at prices ranging from $4.84 to $3.00, inclusive. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission 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. (F2) Includes 1,318,000 shares of Common Stock that are expected to be repurchased by the Issuer following the date of this Form 4 pursuant to the terms of that certain Settlement and Release Agreement dated and effective April 23, 2024, by and between the Issuer, Elray Resources, Inc. and Luxor Capital, LLC, as previously disclosed. |
| 5 | Common | Common Stock | 2025-08-07 | S | D | 135,257 | $3.56 | 2,502,743 | D | — | — | (F3) This transaction was executed in multiple trades at prices ranging from $3.83 to $3.40, inclusive. The price reported above reflects the weighted average sales price. The Reporting Person hereby undertakes to provide upon request to the Securities and Exchange Commission 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. (F2) Includes 1,318,000 shares of Common Stock that are expected to be repurchased by the Issuer following the date of this Form 4 pursuant to the terms of that certain Settlement and Release Agreement dated and effective April 23, 2024, by and between the Issuer, Elray Resources, Inc. and Luxor Capital, LLC, as previously disclosed. |
| 6 | Derivative | Common Stock Purchase Warrants | 2025-07-27 | X | D | 3,000,000 | $0.00 | 0 | D | $1.68 · 2024-12-27 to 2031-09-30 | 3,000,000 Common Stock |