As of November 6, 2026, 2 holders' latest Schedule 13D or 13G filings report owning 5% or more of Forian Inc. The largest reported stake is Max C. Wygod's, at 70.5%. 8 filings are on record since August 25, 2025 (Schedule 13D/A, April 15, 2026).
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Key facts
- · Holder: Max C. Wygod · Percent: 70.5% · Shares: 21,991,929 · SCHEDULE 13D/A
- · Holder: 2025 Acquisition Company, LLC · Percent: 70.5% · Shares: 21,991,929 · SCHEDULE 13D/A
- · Holder: Max C. Wygod · Percent: 12.4% · SCHEDULE 13D/A
- · Holder: 2025 Acquisition Company, LLC · Percent: 12.9% · SCHEDULE 13D/A
- · Holder: 2025 Acquisition Corp · Percent: 12.9% · SCHEDULE 13D/A
Forian Inc. has 8 Schedule 13D or 13G filings on record since 2025-08-25. 2 holders' latest filing reports 5% or more of common stock, $0.001 par value per share. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| 70.5% | 21,991,929 | SCHEDULE 13D/A, 2026-04-15 | 2026-04-15 | |
| 2025 Acquisition Company, LLC | 70.5% | 21,991,929 | SCHEDULE 13D/A, 2026-04-15 | 2026-04-15 |
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More on Forian Inc. and the records around it.
Forian Inc. elsewhere on the record
- Acquisition May 2026
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Purpose of Transaction (Item 4)
Max C. Wygod
Item 4 of the Initial Schedule 13D is hereby amended and supplemented by adding the following text: Contribution Agreement On April 15, 2026, Parent (as defined in Item 4 of the Initial 13D) entered into the Contribution Agreement (the "Contribution Agreement") with each of the Reporting Persons listed on Schedule A thereto (each, a "Contributor"). Pursuant to the Contribution Agreement, each Contributor has contributed to Parent all Shares held by such Contributor (the "Contributed Shares"), in exchange for an equivalent number of common units of membership interests of Parent (the "Common Units"). Following the execution of the Contribution Agreement, each of the Contributors is deemed to beneficially own the total amount of Shares that are now owned by Parent. The foregoing description of the Contribution Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the agreement, which is filed herewith as Exhibit 99.8, and is incorporated herein by reference.Item 4 of the SCHEDULE 13D/A filed 2026-04-15
2025 Acquisition Company, LLC
The disclosure in Item 4 of the Initial Schedule 13D is hereby amended and supplemented by adding the following at the end thereof: Contribution Agreement On April 15, 2026, Parent (as defined in Item 4 of the Initial 13D) entered into the Contribution Agreement (the "Contribution Agreement") with each of the Reporting Persons listed on Schedule A thereto (each, a "Contributor"). Pursuant to the Contribution Agreement, each Contributor has contributed to Parent all Shares held by such Contributor (the "Contributed Shares"), in exchange for an equivalent number of common units of membership interests of Parent (the "Common Units"). Following the execution of the Contribution Agreement, each of the Contributors is deemed to beneficially own the total amount of Shares that are now owned by Parent. The foregoing description of the Contribution Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the agreement, which is filed herewith as Exhibit 99.30, and is incorporated herein by reference.Item 4 of the SCHEDULE 13D/A filed 2026-04-15
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-08-25 | Max C. Wygod | 14.7% | SCHEDULE 13D/A |
| 2025-08-25 | 2025 Acquisition Corp | 14.7% | SCHEDULE 13D |
| 2025-10-02 | Max C. Wygod | 12.4% | SCHEDULE 13D/A |
| 2025-10-03 | 2025 Acquisition Corp | 12.9% | SCHEDULE 13D/A |
| 2026-04-06 | Max C. Wygod | 12.4% | SCHEDULE 13D/A |
| 2026-04-06 | 2025 Acquisition Company, LLC | 12.9% | SCHEDULE 13D/A |
| 2026-04-15 | 2025 Acquisition Company, LLC | 70.5% | SCHEDULE 13D/A |
| 2026-04-15 | Max C. Wygod | 70.5% | SCHEDULE 13D/A |
Questions about who owns Forian Inc.
Who owns Forian Inc.?
On this page, 2 holders' latest ownership filings report 5% or more of Forian Inc.: Max C. Wygod (70.5%, Schedule 13D/A, filed 2026-04-15) and 2025 Acquisition Company, LLC (70.5%, Schedule 13D/A, filed 2026-04-15).
Who are the largest shareholders of Forian Inc.?
By the share each holder's latest filing reports, the largest holders of Forian Inc. on this page are Max C. Wygod (70.5%) and 2025 Acquisition Company, LLC (70.5%).
When did Max C. Wygod buy into Forian Inc.?
The filings give report dates, not purchase dates. The earliest filing from Max C. Wygod on this page is the Schedule 13D/A, filed 2025-08-25, reporting 14.7%; its latest, Schedule 13D/A filed 2026-04-15, reports 70.5%. That earliest filing is itself an amendment, which updates an earlier report.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 8 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
Also on the record for Forian Inc.
| Date | Record | Figure | Our page | Source |
|---|---|---|---|---|
| May 15, 2026 | Acquired by 2025 Acquisition Company, LLC | — | Acquisition | Source |
| May 15, 2026 | Leadership change filing (Form 8-K, Item 5.02) | — | Leadership changes | Source |
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.