Forward Industries (FORD) General Counsel granted options and RSUs

Rhea-AI Filing Summary

Quinn Georgia P reported acquisition or exercise transactions in this Form 4 filing.

Forward Industries General Counsel Georgia P. Quinn received new equity awards as part of her compensation. She was granted stock options covering 293,912 shares of common stock, with half exercisable at $9.66 per share and half at $14.49 per share, expiring in 2036. She also received 293,911 restricted stock units, each representing a contingent right to one share of common stock that vests 25% on November 17, 2026, with the remaining 75% vesting in 12 equal quarterly installments through November 17, 2029, subject to continued service.

Insights

Equity compensation analyst

Routine equity grants to the General Counsel, no direct buy/sell signal.

The Form 4 shows Georgia P. Quinn, General Counsel of Forward Industries, receiving two equity awards: stock options on 293,912 shares and 293,911 restricted stock units. Both awards are compensation-related grants at a price of $0.00 to the insider, not market purchases.

The RSUs vest over three years from November 17, 2026 to November 17, 2029, tying a large portion of value to continued service. The stock options are split evenly between exercise prices of $9.66 and $14.49 per share, expiring in 2036, encouraging a long-term focus on share price performance.

Because these are grants rather than open‑market trades and there are no same‑day sales or tax‑withholding dispositions, the filing primarily clarifies the General Counsel’s growing equity stake and incentive structure, rather than indicating a directional view on the stock.

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

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

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^*

Quinn Georgia P

(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)
	General Counsel

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
Common Stock(1)(2)	03/08/2026		A		293,911	A	$0	293,911	D

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)	(3)	03/08/2026		A		293,912		(2)	03/08/2036	Common Stock	293,912	(4)	293,912	D

Explanation of Responses:

1. Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock upon vesting.

2. The securities vest as follows: 25% on November 17, 2026, with the remaining 75% vesting in 12 equal quarterly installments thereafter through November 17, 2029, subject to continued service with the Issuer on each applicable vesting date.

3. One-half of the stock options have an exercise price per share of $9.66 and the remaining one-half of the stock options have an exercise price per share of $14.49.

4. Not applicable.

	/s/ Georgia Quinn	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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Forward Industries (FORD) disclose in this Form 4?

Forward Industries reported its General Counsel, Georgia P. Quinn, receiving two equity awards: stock options on 293,912 shares of common stock and 293,911 restricted stock units. Both awards were granted at no cost to her as part of compensation, not through market purchases.

How many restricted stock units did the Forward Industries (FORD) General Counsel receive?

Georgia P. Quinn received 293,911 restricted stock units from Forward Industries. Each unit represents a contingent right to one share of common stock, subject to vesting conditions and continued service, giving her a significant potential future equity stake if she remains with the company.

What are the exercise prices of the new Forward Industries (FORD) stock options?

The new stock options granted to Georgia P. Quinn cover 293,912 shares split evenly between two exercise prices. One-half have an exercise price of $9.66 per share, while the remaining half carry an exercise price of $14.49 per share, with an expiration date in 2036.

When do the Forward Industries (FORD) restricted stock units granted to the General Counsel vest?

The restricted stock units vest over several years. Twenty-five percent vest on November 17, 2026, and the remaining 75% vest in 12 equal quarterly installments through November 17, 2029, conditioned on Georgia P. Quinn’s continued service with Forward Industries.

Did the Forward Industries (FORD) General Counsel buy or sell shares on the open market?

The Form 4 does not show any open‑market buys or sells by Georgia P. Quinn. Instead, it reports compensation-related grants: stock options and restricted stock units awarded at no purchase price, which increase her potential future ownership in Forward Industries.

What is the total post-transaction equity position reported for Forward Industries (FORD) General Counsel?

After these grants, the filing shows 293,912 stock options and 293,911 common shares related to restricted stock units in Georgia P. Quinn’s direct holdings. These awards enhance her equity-linked compensation and align her incentives with Forward Industries’ long-term share performance.