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'he forfeited' is correct and usable in written English.
It can be used when someone has given up or lost their rights to something, usually as a consequence of a wrongdoing. For example, "Since he was caught cheating, he forfeited his chance to compete in the tournament".
Exact(55)
He forfeited nearly half his $8.5 million salary.
When they were not, he forfeited Game 2, and the match seemed to be in jeopardy.
When his side job was uncovered by Columbia, he forfeited his senior year of eligibility.
In doing so, he forfeited a leaving package worth up to £15.5m.
The deal includes shares worth £4.2m as compensation for stock he forfeited on leaving Céline.
But once Obama had agreed to keep the commissions going he forfeited the option of openly criticizing them.
Under the terms of his Telmex concession, he forfeited the right to enter Mexico's pay-television business.
He forfeited many of his family's assets, and resettled with his wife, Leila, and their four children in London.
He forfeited $7.75 million and must pay a $250,000 fine.
By realizing he could not pass Stewart, he forfeited 5 valuable points in the standing.
When Williams signed with Azzarelli, he forfeited his remaining college eligibility.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com