Forward Industries (FORD) CFO awarded 50,000 stock options

Rhea-AI Filing Summary

Forward Industries, Inc. reported that Chief Financial Officer Kathleen Weisberg received a grant of stock options covering 50,000 shares of common stock at an exercise price of $4.83 per share. The options expire on March 8, 2036. They vest 25% on June 8, 2026, with the remaining 75% vesting in three equal quarterly installments through March 8, 2027, subject to continued employment. This is a compensation-related award and does not involve any open-market buying or selling of shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Weisberg Kathleen

(Last) (First) (Middle)

111 CONGRESS AVENUE

SUITE 500

(Street)

AUSTIN TX 78701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Forward Industries, Inc. [ FWDI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/08/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)	$4.83	03/08/2026		A		50,000		(1)	03/08/2036	Common Stock	50,000	(2)	50,000	D

Explanation of Responses:

1. The stock options vest as follows: 25% on June 8, 2026, with the remaining 75% vesting in three equal quarterly installments thereafter through March 8, 2027, subject to continued employment on each applicable vesting date.

2. Not applicable.

	/s/ Kathleen Weisberg	03/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Forward Industries (FORD) report for its CFO?

Forward Industries reported a stock option grant to its CFO. Kathleen Weisberg received options for 50,000 shares of common stock, providing the right to buy shares at a fixed exercise price as part of her equity compensation package.

How many stock options did the Forward Industries (FORD) CFO receive?

The CFO received stock options for 50,000 shares. These options give her the right to purchase 50,000 shares of Forward Industries common stock at a preset exercise price, aligning a portion of her compensation with future company performance.

What is the exercise price of the Forward Industries (FORD) CFO’s new options?

The exercise price on the CFO’s stock options is $4.83 per share. This means she can purchase Forward Industries common stock at $4.83 once the options vest, regardless of the market price at that time, if she chooses to exercise.

When do the Forward Industries (FORD) CFO stock options vest?

The options vest over time. Twenty-five percent vests on June 8, 2026, and the remaining 75% vests in three equal quarterly installments through March 8, 2027, contingent on Kathleen Weisberg’s continued employment on each vesting date.

When do the Forward Industries (FORD) CFO stock options expire?

The stock options expire on March 8, 2036. If the CFO does not exercise her vested options by that expiration date, the right to buy Forward Industries shares at the $4.83 exercise price will lapse and become worthless.

Did the Forward Industries (FORD) CFO buy or sell any shares in this filing?

No shares were bought or sold in the market in this filing. The Form 4 reports a grant of stock options as compensation, not an open-market purchase or sale of Forward Industries common stock by the CFO.