Home / Auditor changes / Forian Inc.
Filed 2025-04-28 路 Form 8-K 路 Accession 0001140361-25-016054 micro
Price before filing: $1.97 (2025-04-25 close, split/dividend-adjusted)
Market cap at flag: $69.2M (2025-04-28) 路 Latest: $67.6M (2026-05-15)
| Window | FORA | SPY | vs SPY | |
|---|---|---|---|---|
| 30 days | +1.0% | +6.7% | -5.7% | 2025-05-28 |
| 90 days | -2.0% | +16.0% | -18.0% | 2025-07-28 |
| 180 days | +18.3% | +25.2% | -6.9% | 2025-10-27 |
Return from the last close before the filing date to the first close on/after the window end. Pending windows have not fully elapsed. Past performance says nothing certain about the future.
90 days before the flag: 1 insider bought $86K (14 purchases)
30 days after: none reported.
| Date | Insider | Type | Shares | Price | Value | 10b5-1 plan | Source |
|---|---|---|---|---|---|---|---|
| 2025-01-29 | Wygod Max C Exec Chairman, CEO & President, Director, 10% owner | Purchase | 1,700 | $2.32 | $4K | no | Form 4/A |
| 2025-01-30 | Wygod Max C Exec Chairman, CEO & President, Director, 10% owner | Purchase | 1,708 | $2.26 | $4K | no | Form 4/A |
| 2025-01-31 | Wygod Max C Exec Chairman, CEO & President, Director, 10% owner | Purchase | 2,600 | $2.24 | $6K | no | Form 4/A |
| 2025-02-03 | Wygod Max C Exec Chairman, CEO & President, Director, 10% owner | Purchase | 2,600 | $2.24 | $6K | no | Form 4/A |
| 2025-02-04 | Wygod Max C Exec Chairman, CEO & President, Director, 10% owner | Purchase | 1,700 | $2.35 | $4K | no | Form 4/A |
| 2025-02-05 | Wygod Max C Exec Chairman, CEO & President, Director, 10% owner | Purchase | 1,700 | $2.42 | $4K | no | Form 4/A |
| 2025-02-06 | Wygod Max C Exec Chairman, CEO & President, Director, 10% owner | Purchase | 1,800 | $2.48 | $4K | no | Form 4/A |
| 2025-02-07 | Wygod Max C Exec Chairman, CEO & President, Director, 10% owner | Purchase | 2,000 | $2.49 | $5K | no | Form 4/A |
| 2025-02-10 | Wygod Max C Exec Chairman, CEO & President, Director, 10% owner | Purchase | 1,800 | $2.45 | $4K | no | Form 4/A |
| 2025-02-11 | Wygod Max C Exec Chairman, CEO & President, Director, 10% owner | Purchase | 770 | $2.87 | $2K | no | Form 4 |
| 2025-02-11 | Wygod Max C Exec Chairman, CEO & President, Director, 10% owner | Purchase | 11,550 | $2.66 | $31K | no | Form 4 |
| 2025-02-12 | Wygod Max C Exec Chairman, CEO & President, Director, 10% owner | Purchase | 1,747 | $2.52 | $4K | no | Form 4 |
| 2025-02-13 | Wygod Max C Exec Chairman, CEO & President, Director, 10% owner | Purchase | 1,800 | $2.73 | $5K | no | Form 4 |
| 2025-02-14 | Wygod Max C Exec Chairman, CEO & President, Director, 10% owner | Purchase | 880 | $2.96 | $3K | no | Form 4 |
| 2025-04-28: red flag filed | |||||||
Open-market purchases and sales (Form 4 codes P and S) by officers, directors and 10% owners, by transaction date, from 2025-01-28 to 2025-05-28. Excludes option exercises, grants, gifts and tax withholding. Amended filings replace the originals; joint filings count once. Foreign private issuers do not file Form 4. Many insider sales are pre-scheduled (10b5-1 plans) and are not by themselves a sign of wrongdoing.
"On April 24, 2025, the Company dismissed Marcum as the Company's independent registered accounting firm and, with the approval of the Audit Committee of the Company's Board of Directors, engaged CBIZ as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025."
Quoted from the filing. Source
The company changed its outside auditor (8-K Item 4.01). A dismissal or resignation, especially near an annual report or with reported disagreements, is a warning sign. Changes caused by audit firms merging are usually routine.
Type: dismissed
Disagreements reported: no
Former auditor: Marcum LLP · New auditor: CBIZ CPAs P.C.
Read the original filing on SEC.gov →
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