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8-K ·Filed Aug 21, 2026

FRMM

FORUM MARKETS Inc
NEUTRAL
Impact 2/10
Horizonimmediate Processed2mo ago SEC0001213900-26-092591
8-K context-dependent: Items 5.02
Actionable Insight • Neutral

This is a routine board departure with no material impact on operations or strategy. Monitor for the appointment of a replacement director, but no immediate trading action is warranted.

DirectionNeutral
Confidencehigh
Horizonimmediate
Latest settled — T+20d
FRMM ▼ -22.72% at T+20d
NEUTRAL call -22.72% · α vs SPY -22.73% · entry $6.03 → $4.66
Next anchor: T+60d in 20d
Latest observation: T+44 -55.28% FF3 residual α
Entry = T+0 close
Aug 21, 2026
via day close
T+1d
-2.40%
call -2.40% · α -2.72%
$5.89
settled 2mo ago
T+5d
-5.97%
call -5.97% · α -6.44%
$5.67
settled 2mo ago
T+20d
-22.72%
call -22.72% · α -22.73%
$4.66
settled 5w ago
T+60d
Pending
in 20d

Price Chart

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Executive Summary

Board member Crystal Heter resigned from Forum Markets' Board and all committee positions effective August 19, 2026, to focus on her new role as CEO of Tallgrass Energy LP. The resignation is explicitly stated as not resulting from any disagreement with the company. This is a routine board departure with no financial impact or strategic implications.

Key Facts

  • Crystal Heter resigned from the Board of Directors effective August 19, 2026.
  • She also resigned from the Audit, Compensation, and Nominating and Corporate Governance Committees.
  • The resignation was not due to any disagreement with the company's operations, policies, or management.
  • Ms. Heter was appointed President and CEO of Tallgrass Energy LP on March 27, 2026, and stepped down to focus on that role.
  • No replacement was named in this filing.

Financial Impact

No financial impact — routine board departure with no compensation or transaction details disclosed.

Risk Factors

  • Loss of board expertise from a departing director, though the company stated no disagreement exists.

Market Snapshot

Exchange
Nasdaq
Sector
Finance Services
Analyst Consensus
88% bullish (8 analysts)

Investment Themes

Traditional Finance

Documents Analyzed

This report is based on 4 SEC documents filed with EDGAR.

DocumentAccession Number
8-K Filing (Primary)0001213900-26-092591
Document: 0001213900-26-092591-index-headers.html0001213900-26-092591
Document: 0001213900-26-092591-index.html0001213900-26-092591
Document: 0001213900-26-092591.txt0001213900-26-092591
18 reports for FRMM
Performance horizon
67% Hit rate @ T+60 2 of 3 directional calls Went positive at some point 5 of 5 best @ T+60▲ +195.10%Apr 8, 2026
Filters
Rows
Reports for FRMM — sortable, filterable
TypeNow
Oct 26, 2026
1d ago
8-K
BULLISH ★ 6/10
$3.38awaiting T+60—$3.49 (+3.40%)
Oct 5, 2026
22d ago
8-K
BULLISH ★ 7/10
$4.75awaiting T+60—$3.49 (−26.42%)
Aug 21, 2026
9w ago
8-K
NEUTRAL ★ 2/10
$6.03awaiting T+60—$3.49 (−42.04%)
Aug 13, 2026
10w ago
Press Release
MIXED ★ 6/10
$6.24awaiting T+60—$3.49 (−43.99%)
Jul 30, 2026
12w ago
8-K
NEUTRAL ★ 4/10
$5.37 $3.38▼ −37.06%▼ −39.52%$3.49 (−34.92%)
Jul 16, 2026
14w ago
8-K
NEUTRAL ★ 5/10
$5.85 $4.48▼ −23.35%▼ −27.06%$3.49 (−40.21%)
Jul 16, 2026
14w ago
Press Release
BULLISH ★ 5/10
$5.85 $4.48▼ −23.35%▼ −27.06%$3.49 (−40.21%)
Jul 9, 2026
15w ago
DEFA14A
NEUTRAL ★ 2/10
$5.96 $4.75▼ −20.30%▼ −22.94%$3.49 (−41.36%)
Jul 1, 2026
16w ago
8-K
NEUTRAL ★ 3/10
$6.02 $5.04▼ −16.28%▼ −19.85%$3.49 (−41.94%)
Jun 30, 2026
17w ago
8-K
NEUTRAL ★ 4/10
$5.43 $5.14▼ −5.34%▼ −8.90%$3.49 (−35.64%)
Showing 10 of 18

US Market Status

Market Closed — Opens Wed (15h 37m)

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Report published Aug 21, 2026