FORD Form 4: Kathleen Weisberg Receives 45,000 Options Expiring 2030

Rhea-AI Filing Summary

Forward Industries insider grant: Kathleen Weisberg, Chief Financial Officer of Forward Industries, Inc. (FORD), reported a grant of 45,000 stock options on 09/08/2025 with an exercise price of $18.50 and an expiration date of 09/08/2030. The options were granted under the Issuer's 2021 Equity Incentive Plan, were approved by the Board and are fully vested. The filing states the grant was exempt from Section 16(b) under Rule 16b-3 because of board approval. Following the reported transaction, Weisberg beneficially owns 45,000 underlying shares via these options, held directly.

Positive

• Board-approved grant under the 2021 Equity Incentive Plan, meeting Rule 16b-3 exemption
• Options fully vested on grant, providing immediate alignment of CFO interests with shareholders
• Clear terms disclosed: 45,000 options, $18.50 exercise price, expiration 09/08/2030

Negative

• None.

Insights

Compensation & Governance Analyst

TL;DR: CFO received a board-approved, fully vested option grant of 45,000 shares at $18.50, standard retention/compensation action.

The grant of 45,000 options to the CFO appears structured as a typical equity compensation award: it is board-approved and exempt under Rule 16b-3, and the options are fully vested on grant with a five-year contractual life to 09/08/2030. For governance assessment, board approval and Rule 16b-3 treatment reduce short-swing trading risk. This disclosure is routine and does not include additional performance conditions or cash consideration details.

Securities Analyst

TL;DR: The filing documents a non-derivative beneficial ownership via stock options, a routine insider compensation event with limited immediate market impact.

From a securities perspective, the filing shows the CFO holds options exercisable into 45,000 common shares at $18.50. The grant increases potential future dilution if exercised, but the form does not show any exercise, sale, or cash proceeds received at filing. No other transactions or material changes in cash or debt are disclosed.

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^*

Weisberg Kathleen

(Last) (First) (Middle)

C/O FORWARD INDUSTRIES, INC.

700 VETERANS MEMORIAL HWY, SUITE 100

(Street)

HAUPPAUGE NY 11788

(City) (State) (Zip)

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

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)
09/08/2025

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)	$18.5	09/08/2025		A		45,000		(1)	09/08/2030	Common Stock	45,000	(2)	45,000	D

Explanation of Responses:

1. The grant of the Issuer's stock options was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Board of Directors. The stock options are fully vested and granted under the Issuer's 2021 Equity Incentive Plan.

2. Not applicable.

	/s/ Kathleen Weisberg	09/10/2025
	** 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 did FORD CFO Kathleen Weisberg receive in the Form 4 filed 09/10/2025?

The filing reports a grant of 45,000 stock options with an exercise price of $18.50 and an expiration date of 09/08/2030.

Are the options reported in FORD's Form 4 vested or subject to future vesting?

The Form 4 states the stock options are fully vested at grant.

Was the grant to the FORD CFO approved by the board and exempt from Section 16(b)?

Yes. The grant was approved by the Issuer's Board of Directors and is reported as exempt under Rule 16b-3.

How many shares would Weisberg beneficially own if the reported options are exercised?

The options cover 45,000 underlying common shares; exercising them would create beneficial ownership of those 45,000 shares.

Does the Form 4 show any cash received or sale of shares by the reporting person?

No. The Form 4 documents an option grant (A) and does not report any sale or cash proceeds.