Welcome to our dedicated page for Forward Inds N Y SEC filings (Ticker: FORD), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Forward Industries filings document the company’s public-company transition under the FWDI trading symbol, its common stock listing on the Nasdaq Capital Market, and corporate actions connected to its Solana treasury strategy. Recent 8-K reports cover resale prospectus supplements under an effective Form S-3, stock repurchase activity, unregistered equity issuances, executive officer changes, director and officer equity compensation, and annual-meeting outcomes.
Proxy materials describe board elections, compensation matters, shareholder voting items, equity incentive plan matters, and governance disclosures. The filing record also reflects changes in jurisdiction and corporate address information, along with formal securities-law disclosures for registered and resale shares of common stock.
Forward Industries, Inc. appointed Mark Brazier as Chief Financial Officer, effective April 13, 2026, replacing Kathleen Weisberg, who will remain with the company as Director of Financial Reporting. Brazier is 48 and has over 25 years of experience in digital assets and traditional finance.
He previously served as Chief Financial Officer and Head of Regulatory at XBTO Global from 2023 to 2025, and before that as Chief Financial Officer at Stablehouse, a digital asset custody and trading company. Under his offer letter, he will receive a $500,000 annual base salary, a $250,000 target annual bonus tied to performance conditions, and equity awards to be determined subject to Board approval.
Forward Industries, Inc. filed an amended insider ownership report showing that J Digital 6 Cayman Ltd. holds 7,947,843 shares of Common Stock directly and a warrant linked to 4,458,796 additional shares at an exercise price of $0.0100 per share.
The warrant has no expiration date and becomes exercisable in three equal tranches only if the stock trades at or above $27.75, $37.00, and $46.25 for 20 out of 30 trading days at each level. J Digital 6 Cayman Ltd. is owned through a chain of entities ultimately controlled by William DiSomma and Paul Gurinas, who may be deemed to beneficially own these holdings, and also may be deemed to beneficially own 100 additional shares held by Jump Trading, LLC.
The filing notes that the warrant cannot be exercised if doing so would cause J Digital 6 Cayman Ltd. and its affiliates to beneficially own more than 9.99% of Forward Industries’ outstanding Common Stock. The reporting entities are treated as directors by deputization through Saurabh Sharma’s service on the board.
Forward Industries, Inc. entered a Securities Repurchase Agreement to buy back 6,164,324 common shares for approximately $27.4 million from an institutional investor, reducing shares outstanding from 83,142,133 to 76,977,809. Management highlights this as increasing SOL-per-share and returning a large block of stock to treasury.
To fund the repurchase, the company executed a Master Digital Currency Loan Agreement with Galaxy Digital LLC, borrowing $40,000,000 at a weighted average annual interest rate of about 3.4% and a weighted average maturity of 4.9 months, secured by fwdSOL treasury holdings and subject to strict overcollateralization and margin call terms.
Forward reports SOL holdings rising to 7,013,536 and fully diluted shares declining to 105,894,207, increasing SOL-per-share from 0.0624 to 0.0662. The company also launched a cost reduction plan, forecasting SG&A (excluding stock-based compensation and design segment SG&A) to fall about 45% from $6.5 million in fiscal Q1 to an estimated $3.6 million by fiscal Q3 through lower fees and operational efficiencies.
Forward Industries, Inc. director Saurabh Sharma filed an initial Form 3, which is a statement of beneficial ownership for newly reportable insiders. The filing does not list any common stock or derivative security transactions or holdings, indicating that only reporting status, not trading activity, is being disclosed.
Forward Industries, Inc. reported initial insider holdings for entities linked to Jump Trading Group. J Digital 6 Cayman Ltd. directly holds 7,947,843 shares of common stock and a warrant exercisable at $0.0100 per share for up to 4,458,796 additional common shares, subject to trading-price hurdles and a 9.99% beneficial ownership cap. An additional 100 common shares are held indirectly through Jump Trading, LLC and related entities that are ultimately owned by Paul Gurinas and William DiSomma. The reporting persons are treated as directors by deputization through Saurabh Sharma’s board seat and their broader Jump Trading Group relationships.
Forward Industries, Inc. reported new director equity awards and an extension of its interim CEO’s contract. On March 10, 2026, the Board granted Sangita Shah, Keith Johnson, and Michael Pruitt each 100,000 five-year non-qualified stock options at an exercise price of $5.02 per share for Board service. Ms. Shah and Mr. Johnson also received 50,000 additional options each for Audit and Risk and Compensation Committee service. These options vest in four equal quarterly installments of 25%, beginning three months after grant, contingent on continued service. On March 13, 2026, the Company amended interim CEO Michael Pruitt’s Employment Agreement, extending its term to June 30, 2026, with automatic three-month renewals thereafter unless either party gives at least 30 days’ written notice of non-renewal.
Forward Industries, Inc. reported that Chief Executive Officer Michael D. Pruitt was granted stock options for 100,000 shares of common stock. The options have an exercise price of $5.0200 per share and expire on March 10, 2031.
According to the filing, these options vest in four equal quarterly installments, beginning on June 11, 2026, subject to his continued service as a director on each vesting date. Following this grant, he holds 100,000 stock options directly.
Forward Industries, Inc. director Keith J. Johnson received a grant of stock options covering 150,000 shares of common stock. The options have an exercise price of $5.0200 per share and expire on March 10, 2031, serving as equity-based compensation rather than a cash transaction.
These options vest in four equal quarterly installments, starting on June 11, 2026, and each vesting is conditioned on Johnson’s continued service as a director on the applicable vesting date. Following this grant, Johnson holds 150,000 stock options directly.
Forward Industries, Inc. director Sangita Shah reported receiving a grant of stock options on March 10, 2026. The award covers 150,000 stock options for common stock with an exercise price of $5.02 per share and an expiration date of March 10, 2031. These options were granted as compensation, not purchased on the open market, and are held directly. According to the filing, the options vest in four equal quarterly installments, beginning on June 11, 2026, provided Shah continues serving as a director on each vesting date. After this grant, Shah holds 150,000 stock options of this series.
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.