Forbright, Inc.

Footnotes

F1

Represents fully vested deferred restricted stock units ("DRSUs") granted in lieu of the Reporting Person's quarterly cash retainer fee, which will settle in shares following the termination of the Reporting Person's service as a member of the Issuer's board of directors. Each DRSU represents a contingent right to receive one share of Class A common stock.↩ 1

F2

These shares are held by FBF Partners, L.P. ("FBF"). The Reporting Person has the sole power to vote and dispose of the shares held by FBF. The Reporting Person disclaims beneficial ownership of the shares held by FBF, except to the extent of his pecuniary interest therein.↩ 1

F3

The securities previously reported as held by Sebastes Capital, LLC are now held by Sebastes Capital, LP ("Sebastes") following the entity's conversion from a limited liability company to a limited partnership. The conversion did not affect the reporting person's beneficial ownership of the reported securities. The Reporting Person has the sole power to vote and dispose of the shares held by Sebastes. The Reporting Person disclaims beneficial ownership of the shares held by Sebastes, except to the extent of his pecuniary interest therein.↩ 1