#1# Forge Supplemental Investor Information November 2023 START TRADING#2Important Information As previously announced, on March 21, 2022, as contemplated by that certain Agreement and Plan of Merger, dated September 13, 2021 (the "Merger Agreement"), by and among Motive Capital Corp, a Cayman Islands exempted company ("Motive"), FGI Merger Sub, Inc., a Delaware corporation and wholly owned subsidiary of Motive ("Merger Sub"), and Forge Global, Inc., a Delaware corporation ("Forge Global"), Motive changed its jurisdiction of incorporation by deregistering as an exempted company in the Cayman Islands and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware (the "Domestication"), changing its name to "Forge Global Holdings, Inc." (the "Company"), and following the Domestication, as contemplated by the Merger Agreement, Merger Sub merged with and into Forge Global, with Forge Global surviving the merger as a wholly owned subsidiary of the Company (together with the Domestication, the "Business Combination"). On March 25, 2022, the Company filed a Current Report on Form 8-K (the "Form 8-K") which, among other things, included the audited financial statements (and notes thereto) of Forge Global as of and for the fiscal years ended December 31, 2021 and 2020 (the "Forge Global 2021 Financial Statements"), Management's Discussion and Analysis of Financial Condition and Results of Operations for Forge Global for the years ended December 31, 2021 and 2020 (the "Forge Global 2021 MD&A"), and Unaudited Pro Forma Condensed Combined Financial Information of Motive and Forge Global as of and for the year ended December 31, 2021 giving effect to the Business Combination and related transactions (the "Pro Forma Financial Information," and together with the Forge Global 2021 Financial Statements, Forge Global 2021 MD&A, and Pro Forma Financial Information, the "2021 Financial Information"). In addition, the Company issued press releases announcing its results for the periods and on the dates detailed below, which include certain quarterly or annual financial information and key business metrics (collectively, the "Earnings Releases"). The Company also filed or will file corresponding Quarterly Reports on Form 10-Q (each, a "Quarterly Report") and Annual Reports on Form 10-K (each, an "Annual Report") for the periods and on the dates detailed below. Among other things, such filings included or will include the interim unaudited or audited financial statements (and notes thereto) of the Company and Management's Discussion and Analysis of Financial Condition and Results of Operations for the Company for such periods (collectively, the "Periodic Filings"). ● . . ● Quarter ended March 31, 2022: Press release filed on May 16, 2022. Quarterly Report filed on May 16, 2022. Quarter ended June 30, 2022: Press release filed on August 11, 2022. Quarterly Report filed on August 12, 2022. Quarter ended September 30, 2022: Press release filed on November 9, 2022. Quarterly Report filed on November 14, 2022. Quarter and year ended December 31, 2022: Press release filed on February 28, 2023. Annual Report filed on March 1, 2023. Quarter ended March 31, 2023: Press release filed on May 9, 2023. Quarterly Report filed on May 9, 2023. Quarter ended June 30, 2023: Press release filed on August 8, 2023. Quarterly Report filed on August 8, 2023. Quarter ended September 30, 2023: Press release filed on November 7, 2023. Quarterly Report to be filed on or around such date. To further assist investors, the Company is furnishing the following additional financial information, key business metrics, and data (the "Supplemental Information"). The following Supplemental Information is unaudited, has not been reviewed by the Company's independent registered public accounting firm, and is subject to change. The Supplemental Information is qualified by in its entirety, and should be read in conjunction with, 1) the 2021 Financial Information, 2) the Earnings Releases, and 3) the Periodic Filings. Forge 2#3Use of Non-GAAP Financial Information In addition to its financial results determined in accordance with generally accepted accounting principles in the United States of America ("GAAP"), the Company presents Adjusted EBITDA, a non-GAAP financial measure. The Supplemental Information includes Adjusted EBITDA, a non-GAAP financial measure. The Company uses Adjusted EBITDA to evaluate its ongoing operations and for internal planning and forecasting purposes. The Company believes that Adjusted EBITDA, when taken together with the corresponding GAAP financial measure, provides meaningful supplemental information regarding its performance by excluding specific financial items that have less bearing on its core operating performance. The Company considers Adjusted EBITDA to be an important measure because it helps illustrate underlying trends in its business and its historical operating performance on a more consistent basis. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool, and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. In addition, other companies, including companies in the Company's industry, may calculate similarly titled non- GAAP financial measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of Adjusted EBITDA as a tool for comparison. A reconciliation is provided in the Supplemental Information for Adjusted EBITDA to net income (loss), the most directly comparable financial measure stated in accordance with GAAP. Investors are encouraged to review Adjusted EBITDA and the reconciliation of Adjusted EBITDA to net income (loss), and not to rely on any single financial measure to evaluate the Company's business. The Company defines Adjusted EBITDA as net loss, adjusted to exclude: (i) interest expense, net, (ii) provision for or benefit from income taxes, (iii) depreciation and amortization, (iv) share-based compensation expense, (v) change in fair value of warrant liabilities, (vi) acquisition-related transaction costs, and (vii) other significant gains, losses, and expenses (such as impairments, transaction bonus) the Company believes are not indicative of its ongoing results. Forward-Looking Statements The Supplemental Information may contain "forward-looking statements," which generally are accompanied by words such as "believe," "may," "could," "will," "estimate," "continue," "anticipate," "intend," "target," "goal," "expect," "should," "would," "plan," "predict," "project," "forecast," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict, indicate, or relate to future events or trends or the Company's future financial or operating performance, or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the Company's beliefs regarding its financial position and operating performance, as well as future opportunities for the Company to expand its business. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, while considered reasonable by the Company and its management, are subject to risks and uncertainties that may cause actual results to differ materially from current expectations. You should carefully consider the risks and uncertainties described in the Company's documents filed, or to be filed, with the SEC, including but not limited to the Periodic Filings. There may be additional risks that the Company presently does not know of or that it currently believes are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company's expectations, plans, or forecasts of future events and views as of the date of this Supplemental Information. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company's assessments as of any date subsequent to the date of this Supplemental Information. Accordingly, undue reliance should not be placed upon the forward-looking statements. Forge 3#4Forge Global Holdings, Inc. - Financial Information, Key and Other Business Metrics (Unaudited) FINANCIAL INFORMATION ($ in 000s unless otherwise stated) Operating Results Placement fee revenues (¹) Custodial administration fees Transaction-based expenses Total revenues, less transaction-based expenses Total operating expenses Operating loss Net loss Adjusted EBIT DA Non-GAAP Adjusted EBITDA Reconciliation Net loss (+) Interest expense (income), net (+) Provision for (benefit from) income taxes (+) Depreciation and amortization (+) Loss on impairment of long lived assets (+) Share-based compensation (+) Change in fair value of w arrant liabilities (+) Acquisition-related transaction costs (+) Transaction bonus Adjusted EBITDA $ $ $ $ $ $ $ $ Q4'21 24,329 S 5,341 140 29,810 $ 35,327 $ (5,517) $ (6,360) $ (1,472) $ (6,360) $ (16) 187 1,253 2,256 489 719 (1,472) $ Q1'22 14,585 $ 5,437 (132) 19,890 $ 58,641 $ (38,751) $ (64,424) $ (7,053) $ (64,424) $ (21) 123 1,082 265 8,522 25,959 3,706 17,735 (7,053) $ (1) Includes fees from Forge Data and our private company solutions. Q2'22 10,951 $ 5,689 (178) 16,462 $ 42,510 $ (26,048) $ (5,119) $ (12,274) $ (5,119) $ (266) 35 2,021 181 10,740 (20,558) 692 (12,274) $ Q3'22 8,227 S 7,673 (86) 15,814 $ 58,250 $ (42,436) $ (16,198) $ (13,273) $ (16,198) $ (874) 48 1,428 26,712 (25,210) 821 (13,273) $ Q4'22 6,902 $ 9,919 (87) 16,734 $ 44,539 $ (27,805) $ (26,164) $ (14,251) $ (26,164) $ (1,520) 121 1,495 11,950 (27) (106) (14,251) $ Q1'23 4,632 $ 10,847 (19) 15,460 $ 38,428 $ (22,968) $ (21,261) $ (13,027) $ (21,261) S (1,509) 185 1,789 536 7,401 (168) (13,027) $ Q2'23 5,723 $ 10,997 (83) 16,637 $ 39,190 $ (22,553) $ (25,100) $ (11,780) $ (25,100) $ (1,319) 293 1,747 8,809 3,790 (11,780) $ Q3'23 7,283 11,280 (148) 18,415 39,928 (21,513) (18,957) (10,355) (18,957) (1,725) 291 1,710 - 9,233 (907) (10,355) S $ $ $ $ $ $ $ 2020 29,240 22,404 (3,888) 47,756 $ 55,373 $ (7,617) $ $ (9,712) $ 2,783 2,406 (9,712) $ 2,405 (803) 4,906 292 3,289 $ 2,783 $ 2021 107,723 $ 20,333 (3,034) 125,022 $ 134,811 $ (9,789) $ (18,499) $ 8,761 $ (18,499) $ 2,307 386 5,390 12,231 6,064 882 8,761 $ 2022 40,665 28,718 (483) 68,900 203,940 (135,040) (111,905) (46,851) (111,905) (2,681) 327 6,026 446 57,924 (19,836) 5,113 17,735 (46,851) Forge 4#5Forge Global Holdings, Inc. - Financial Information, Key and Other Business Metrics (Unaudited) KEY BUSINESS METRICS ($ in 000s unless otherwise stated) (2) Trading Business Placement fee revenues, less transaction-based expenses LTM Number of trades LTM Number of trades - Period Transaction volume (SB) - LTM Transaction volume (SB) - Period Net take rate - LTM Net take rate - Period Custody Business Total custodial accounts (3) Assets under custody (SB) (3) OTHER BUSINESS METRICS (2) Distinct private companies transacted in LTM Distinct private companies transacted in Period $ $ $ $ Q4'21 104,689 $ 4,890 984 3.18 $ 0.83 $ 3.3% 2.9% 2,124,677 14.3 $ 217 108 Q1'22 92,609 3,972 596 2.84 0.42 3.3% 3.5% $ 222 115 $ $ 2,228,101 14.9 $ Q2'22 476 689 $ 72,052 $ 3,232 630 2.26 0.33 3.2% 3.2% 1,739,838 $ $ 15.3 $ 196 90 Q3'22 57,834 $ 2,636 426 1.81 0.23 3.2% 3.6% 1,811,774 $ $ 15.0 $ 191 77 Q4'22 40,182 $ 2,184 532 1.22 $ 0.25 $ 3.3% 2.8% 1,871,146 14.9 $ 191 76 436 635 $ Q1'23 (4) Number of distinct companies in whose shares at least one buy or sell IOI, or indication of interest, was created in this period. (5) Custodial cash represents amounts on deposit with financial institutions for the benefit of the Company's custodial accounts. 30,342 1,894 306 0.93 0.13 3.3% 3.6% $ 163 60 $ $ 1,937,248 14.8 $ Q2'23 25,209 1,712 448 0.75 0.15 3.3% 3.7% $ 148 75 $ $ 1,970,617 15.3 $ Q3'23 486 550 $ 24,203 1,853 567 0.76 0.23 3.2% 3.0% 2,023,756 154 82 $ 15.1 $ $ $ 502 518 2020 48,864 3,448 3,448 1.86 $ 1.86 $ 2.6% 2.6% $ 1.574,211 13.3 $ 2021 104,689 $ 4,890 4,890 Total number of issuers with 10ls (4) Custodial cash balance ($MM) (5) 435 687 $ 463 680 $ 478 685 $ 492 574 $ $ (2) Key business metrics and other business metrics as of and for the full year and quarterly periods of 2021, 2022, and 2023, respectively, are based on actual results of operations; key business metrics and other business metrics presented as of and for the year ended December 31, 2020 and for last-twelve-months (LTM) periods through the third quarter of 2021 are prepared on a pro-forma basis, which combines the metrics from Forge and SharesPost's brokerage businesses as if the SharesPost acquisition had occurred at the beginning of the fiscal year 2020. (3) Represents end of period value. Includes both CaaS and Alt IRA accounts. 3.18 $ 3.18 S 3.3% 3.3% 2,124,677 14.3 $ 2022 40,182 2,184 2,184 1.22 1.22 Forge 3.3% 3.3% 1,871,146 14.9 01 5