FRMMNasdaqFinance ServicesFiscal year ends December 31
FORUM MARKETS Inc
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 14, 2026
$3.32−0.26 (-7.26%)
Close on Oct 19, 2026
- Market cap
- $56.66M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
36.7%
5M of 13M shares
Institutional holders
39
6 new, 10 sold out
Net institutional buying
-3M
In Q2 2026
Insider trades, 12 months
0 buys · 5 sales
Net sold $1.57M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Sir Marc Feldmann | 90,532 | 8.60% | 13G (passive) | Sep 5, 2024 |
| Ayrton Capital LLC | 334,742 | 9.90% | 13G (passive) | Dec 31, 2024 |
| Anson Funds Management LP | 225,271 | 7.10% | 13G (passive) | Dec 31, 2024 |
| Hudson Bay Capital Management LP | 17,775,595 | 9.99% | 13G (passive) | Sep 30, 2025 |
| Konstantin Lomashuk | 14,998,198 | 9.99% | 13G (passive) | Jul 25, 2024 |
| Cyber Citadel | 1,487,389 | 11.11% | 13G (passive) amendment | Jun 30, 2026 |
| Pemble Brian James | 1,451,714 | 10.99% | 13G (passive) amendment | Jun 29, 2026 |
| Steadfast Capital Management LP | 11,320,754 | 7.30% | 13G (passive) | Aug 4, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of FRMM | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Stokes Family Office, LLC | 958,275 | 7.26% | $5.20M | +190,475 | 0.61% |
| Vise Technologies, Inc. | 857,141 | 6.49% | $4.65M | New | 0.05% |
| Citadel Advisors LLC | 413,552 | 3.13% | $2.25M | +68,327 | 0.00% |
| Saba Capital Management, L.P. | 371,561 | 2.82% | $2.02M | −109,148 | 0.05% |
| Vanguard Capital Management LLC | 302,063 | 2.29% | $1.64M | +117,676 | 0.00% |
| BlackRock, Inc. | 301,339 | 2.28% | $1.64M | +48,913 | 0.00% |
| Geode Capital Management, LLC | 179,977 | 1.36% | $977.69K | −23,656 | 0.00% |
| UBS Group AG | 169,656 | 1.29% | $921.23K | −158,138 | 0.00% |
| Goldman Sachs Group Inc | 167,047 | 1.27% | $907.07K | +5,292 | 0.00% |
| Morgan Stanley | 144,535 | 1.10% | $784.83K | −7,108 | 0.00% |
| Bank Of America Corp /De/ | 124,358 | 0.94% | $675.26K | +30,000 | 0.00% |
| Barclays PLC | 97,265 | 0.74% | $528.15K | +1,183 | 0.00% |
| Almitas Capital LLC | 80,408 | 0.61% | $436.62K | – | 0.10% |
| Millennium Management LLC | 77,772 | 0.59% | $422.30K | +5,427 | 0.00% |
| State Street Corp | 76,221 | 0.58% | $413.88K | +15,169 | 0.00% |
| Vanguard Fiduciary Trust Co | 71,410 | 0.54% | $387.76K | −8,639 | 0.00% |
| Group One Trading, L.P. | 68,200 | 0.52% | $370.33K | +34,579 | 0.00% |
| Charles Schwab Investment Management Inc | 64,766 | 0.49% | $351.68K | −4,234 | 0.00% |
| Wealthspire Advisors, LLC | 56,653 | 0.43% | $307.63K | New | 0.00% |
| Jane Street Group, LLC | 56,286 | 0.43% | $305.63K | −55,566 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 39 | 5M | 36.7% | 6 / 11 | 15 / 10 | 1M | 4M |
| Q1 2026 | 45 | 8M | 57.8% | 7 / 14 | 8 / 16 | 3M | 1M |
| Q4 2025 | 55 | 6M | 47.4% | 53 / 0 | 2 / 1 | 6M | 0M |
| Q3 2025 | 3 | 0M | 0.1% | 3 / 0 | 0 / 0 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of FRMM | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 151,669 | 1.15% | $823.56K | 0.00% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 150,394 | 1.14% | $816.64K | 0.00% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 93,796 | 0.71% | $415.52K | 0.00% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 90,035 | 0.68% | $398.86K | 0.00% | May 31, 2026 |
| iShares Micro-Cap ETF | 46,403 | 0.35% | $251.97K | 0.02% | Jun 30, 2026 |
| Fidelity Total Market Index Fund | 33,109 | 0.25% | $146.67K | 0.00% | May 31, 2026 |
| Invesco Alerian Galaxy Crypto Economy ETF | 28,234 | 0.21% | $145.69K | 2.11% | Jul 31, 2026 |
| Fidelity Series Total Market Index Fund | 25,821 | 0.20% | $114.39K | 0.00% | May 31, 2026 |
| Invesco Alerian Galaxy Blockchain Users and Decentralized Commerce ETF | 12,090 | 0.09% | $51.87K | 1.09% | Jan 31, 2026 |
| Fidelity Nasdaq Composite Index Fund | 10,827 | 0.08% | $47.96K | 0.00% | May 31, 2026 |
| 1290 VT Micro Cap Portfolio | 3,120 | 0.02% | $16.94K | 0.01% | Jun 30, 2026 |
| U.S. Small Cap Equity Fund | -1,219 | -0.01% | -$6.62K | -0.00% | Jun 30, 2026 |
| Blackstone Alternative Multi-Strategy Fund | -4,157 | -0.03% | -$22.57K | -0.00% | Jun 30, 2026 |
| U.S. Small Cap Equity Fund | -5,006 | -0.04% | -$25.83K | -0.00% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| McAndrew Rudisill | Chief Executive Officer, Director | 1,843,407 | 13.97% | Aug 14, 2026 |
| Blair Jordan | Chief Executive Officer, Director | 327,576 | 2.48% | Aug 25, 2025 |
| John Tazewell Saunders | Chief Financial Officer | 342,441 | 2.59% | Aug 14, 2026 |
| Lent Eric R. Van | Chief Accounting Officer | 8,174 | 0.06% | Jul 14, 2025 |
| Angela Dalton | Director | 0 | – | Apr 6, 2026 |
| Crystal Jane Heter | Director | 424,660 | 3.22% | Apr 3, 2026 |
| Jason Griffin New | Director | 298,521 | 2.26% | Apr 3, 2026 |
| Ryan Lewis Smith | Director | 241,918 | 1.83% | Apr 3, 2026 |
| Michael A. Edwards | Director | 203,562 | 1.54% | Apr 3, 2026 |
| Andrew P. Suckling | Director | 390,938 | 2.96% | Apr 3, 2026 |
| Stephen H. Shoemaker | Director | 132,439 | 1.00% | Aug 11, 2025 |
| Lawrence Steinman | Director | 112,493 | 0.85% | Jul 14, 2025 |
| Jay Lawrence Goodman | Director | 65,000 | 0.49% | Feb 21, 2025 |
| Konstantin Lomashuk | 10% owner | 1,226,638 | 9.29% | Jul 23, 2026 |
| Brian James Pemble | 10% owner | 1,451,714 | 11.00% | Jul 7, 2026 |
| Elray Resources, Inc. | – | 1,320,000 | 10.00% | Aug 18, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| McAndrew Rudisill Chief Executive Officer, Director | Aug 1, 2026 | Tax withholding | −98,174 | $5.16 | $506.58K | 1,786,805 |
| John Tazewell Saunders Chief Financial Officer | Aug 1, 2026 | Tax withholding | −16,151 | $5.16 | $83.34K | 342,441 |
| Konstantin Lomashuk 10% owner | Jul 21, 2026 | Sale | −250,000 | $6.00 | $1.50M | 1,226,638 |
| Konstantin Lomashuk 10% owner | Jul 15, 2026 | Sale | −2,562 | $6.30 | $16.14K | 1,476,638 |
| Konstantin Lomashuk 10% owner | Jul 9, 2026 | Sale | −3,387 | $6.15 | $20.83K | 1,479,200 |
| Konstantin Lomashuk 10% owner | Jul 8, 2026 | Sale | −1,100 | $6.13 | $6.74K | 1,482,587 |
| Konstantin Lomashuk 10% owner | Jul 7, 2026 | Sale | −3,702 | $6.41 | $23.73K | 1,483,687 |
| Angela Dalton Director | Apr 2, 2026 | Award | +203,562 | – | – | 203,562 |
| Jason Griffin New Director | Apr 2, 2026 | Award | +241,918 | – | – | 241,918 |
| Ryan Lewis Smith Director | Apr 2, 2026 | Award | +241,918 | – | – | 241,918 |
| John Tazewell Saunders Chief Financial Officer | Apr 2, 2026 | Award | +358,592 | – | – | 358,592 |
| Andrew P. Suckling Director | Apr 2, 2026 | Award | +241,918 | – | – | 241,918 |
| Michael A. Edwards Director | Apr 2, 2026 | Award | +203,562 | – | – | 203,562 |
| McAndrew Rudisill Chief Executive Officer, Director | Apr 2, 2026 | Award | +1,884,979 | – | – | 1,884,979 |
| Crystal Jane Heter Director | Apr 2, 2026 | Award | +241,918 | – | – | 241,918 |
| Ryan Lewis Smith Director | Feb 18, 2026 | Other | −16,718 | – | – | 0 |
| Ryan Lewis Smith Director | Dec 1, 2025 | Gift | +16,718 | – | – | 16,718 |
| Ryan Lewis Smith Director | Dec 1, 2025 | Gift | −16,718 | – | – | 0 |
| McAndrew Rudisill Chief Executive Officer, Director | Nov 14, 2025 | Gift | −410,865 | – | – | 682,500 |
| McAndrew Rudisill Chief Executive Officer, Director | Nov 14, 2025 | Gift | +370,000 | – | – | 415,283 |
| Jason Griffin New Director | Nov 14, 2025 | Gift | +218,456 | – | – | 218,456 |
| Jason Griffin New Director | Nov 14, 2025 | Gift | −218,456 | – | – | 492,250 |
| Ryan Lewis Smith Director | Nov 14, 2025 | Gift | −267,137 | – | – | 460,468 |
| Ryan Lewis Smith Director | Nov 14, 2025 | Gift | +267,137 | – | – | 267,137 |
| Crystal Jane Heter Director | Nov 14, 2025 | Gift | −182,742 | – | – | 182,742 |
| Crystal Jane Heter Director | Nov 14, 2025 | Gift | +182,742 | – | – | 182,742 |
| Andrew P. Suckling Director | Nov 14, 2025 | Gift | −149,020 | – | – | 149,020 |
| Andrew P. Suckling Director | Nov 14, 2025 | Gift | +149,020 | – | – | 149,020 |
| John Tazewell Saunders Chief Financial Officer | Nov 12, 2025 | Award | +109,312 | – | – | 109,312 |
| John Tazewell Saunders Chief Financial Officer | Nov 12, 2025 | Tax withholding | −23,447 | – | – | 85,865 |
| McAndrew Rudisill Chief Executive Officer, Director | Nov 12, 2025 | Award | +1,365,000 | – | – | 1,365,000 |
| McAndrew Rudisill Chief Executive Officer, Director | Nov 12, 2025 | Tax withholding | −271,635 | – | – | 1,093,365 |
| Jason Griffin New Director | Nov 12, 2025 | Award | +952,500 | – | – | 952,500 |
| Jason Griffin New Director | Nov 12, 2025 | Tax withholding | −257,794 | – | – | 711,424 |
| Ryan Lewis Smith Director | Nov 12, 2025 | Award | +887,500 | – | – | 904,218 |
| Ryan Lewis Smith Director | Nov 12, 2025 | Tax withholding | −176,613 | – | – | 727,605 |
| Crystal Jane Heter Director | Nov 12, 2025 | Tax withholding | −142,132 | – | – | 507,616 |
| Crystal Jane Heter Director | Nov 12, 2025 | Award | +649,748 | – | – | 649,748 |
| Andrew P. Suckling Director | Nov 12, 2025 | Tax withholding | −175,854 | – | – | 473,894 |
| Andrew P. Suckling Director | Nov 12, 2025 | Award | +649,748 | – | – | 649,748 |
| Blair Jordan Chief Executive Officer, Director | Aug 21, 2025 | Other | −200,000 | – | – | 0 |
| Elray Resources, Inc. – | Aug 11, 2025 | Sale | −405,148 | $3.17 | $1.28M | 1,320,000 |
| Elray Resources, Inc. – | Aug 8, 2025 | Sale | −777,595 | $3.18 | $2.47M | 1,725,148 |
| Elray Resources, Inc. – | Aug 7, 2025 | Sale | −135,257 | $3.56 | $481.51K | 2,502,743 |
| Elray Resources, Inc. – | Jul 27, 2025 | Sale | −1,680,000 | $3.00 | $5.04M | 2,638,000 |
| Elray Resources, Inc. – | Jul 27, 2025 | Option exercise | +3,000,000 | $1.68 | $5.04M | 4,318,000 |
| Blair Jordan Chief Executive Officer, Director, 10% owner | Jul 7, 2025 | Other | +160,000 | – | – | 327,576 |
| Blair Jordan Chief Executive Officer, Director, 10% owner | Jul 7, 2025 | Other | −160,000 | – | – | 0 |
| Lent Eric R. Van Chief Accounting Officer | Jun 17, 2025 | Award | +8,174 | – | – | 8,174 |
| Ryan Lewis Smith Director | Jun 17, 2025 | Award | +102,181 | – | – | 167,181 |
| Stephen H. Shoemaker Director | Jun 17, 2025 | Award | +67,439 | – | – | 132,439 |
| Lawrence Steinman Director | Jun 17, 2025 | Award | +44,959 | – | – | 112,493 |
| Blair Jordan Chief Executive Officer, Director, 10% owner | Jun 17, 2025 | Award | +167,576 | – | – | 167,576 |
| Blair Jordan Chief Executive Officer, Director, 10% owner | Jun 17, 2025 | Award | +179,646 | – | – | 179,646 |
| Lawrence Steinman Director | Jun 17, 2025 | Award | +48,198 | – | – | 115,732 |
| Ryan Lewis Smith Director | Jun 17, 2025 | Award | +109,541 | – | – | 174,541 |
| Lent Eric R. Van Chief Accounting Officer | Jun 17, 2025 | Award | +8,763 | – | – | 8,763 |
| Stephen H. Shoemaker Director | Jun 17, 2025 | Award | +72,297 | – | – | 137,297 |
| Blair Jordan Chief Executive Officer, Director, 10% owner | Apr 28, 2025 | Other | +1,318,000 | – | – | 1,318,000 |
| Elray Resources, Inc. 10% owner | Mar 27, 2025 | Conversion | +1,318,000 | – | – | 1,318,000 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Stephen H. Shoemaker Former Director | Nov 20, 2025 | 5,000 | $52.60K | Nov 20, 2025 | Compensation |
| Stephen H. Shoemaker Director | Nov 14, 2025 | 1,000 | $14.90K | Nov 14, 2025 | Compensation |
| Blair Jordan Strategy and Finance Consulting, Inc. Former officer and director | Oct 6, 2025 | 339,646 | $804.96K | Oct 1, 2025 | restricted stock grant |
| Lawrence Steinman Director | Aug 14, 2025 | 189,959 | $1.36M | Aug 14, 2025 | restricted stock grant |
| Elray Resources, Inc. 10% Stockholder | Aug 7, 2025 | 1,320,000 | $4.70M | Aug 7, 2025 | Exercised Warrants |