Forward Inds Inc N Y SEC Filings

Forward Industries, Inc. director Sangita Shah reported acquiring 50,000 shares of the company's common stock on 09/08/2025 at a reported price of $18.50 per share. The grant is described as restricted common stock issued under the Issuer's 2021 Equity Incentive Plan, fully vested and approved by the Board under Rule 16b-3, and thus exempt from Section 16(b) short-swing profit rules.

The filing also discloses that Ms. Shah beneficially controls an additional 11,113 shares held by Odyssean Enterprises Ltd., an entity she controls with her husband. The Form 4 is signed by Ms. Shah on 09/10/2025 and contains no derivative transactions or other disposals.

Sharon Hrynkow, a director of Forward Industries, Inc. (FORD), was granted 45,000 stock options on 09/08/2025. The options have an exercise price of $18.50, are exercisable immediately on 09/08/2025, and expire on 09/08/2030. The filing states the grant was approved by the issuer’s board and exempt from Section 16(b) under Rule 16b-3. Following the reported transaction, the filing shows beneficial ownership of 45,000 underlying shares via the option grant. The options are described as fully vested and were granted under the company’s 2021 Equity Incentive Plan.

Michael D. Pruitt, Chief Executive Officer and Director of Forward Industries, Inc. (FORD), reported a grant of stock options on 09/08/2025. The Form 4 discloses an award of 90,000 stock options with an exercise price of $18.50 per share. The filing states the options were granted under the Issuer's 2021 Equity Incentive Plan, were approved by the board and are fully vested. The transaction is exempt from Section 16(b) under Rule 16b-3 because of board approval. Following the reported transaction, the Form shows beneficial ownership of 90,000 underlying shares attributable to these options, held directly by Mr. Pruitt. The form is signed and dated 09/10/2025.

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.

Forward Industries, Inc. (FORD) filed a 424B5 prospectus supplement outlining an offering of $18.50 per share for a total of 1,783,783 shares of common stock. The company reports 82,743,337 shares currently outstanding and expects 84,527,120 shares outstanding immediately after this offering, indicating the issuance of the offered shares will increase the share count by the offered amount. Net proceeds are earmarked for working capital, general corporate purposes, and specifically for the purchase of Solana. The prospectus highlights existing convertible instruments and equity run rates, including warrants for 118,611 shares (weighted average exercise price $7.20), pre-funded warrants exercisable into 12,031,364 shares, 348,554 stock options (weighted average exercise price $13.45), and 52,668 shares available under the 2021 Equity Incentive Plan.

The supplement references incorporated filings spanning October 4, 2024 through September 11, 2025 for risk disclosures. Corporate charter and governance provisions permit the board to issue up to 4,000,000 preferred shares without further stockholder approval and contain voting and special-meeting limitations that may affect shareholder control dynamics.

Forward Industries, Inc. is asking shareholders to approve three proposals at a special meeting: an increase in authorized common stock from 40,000,000 to 300,000,000 shares; shareholder approval under Nasdaq Listing Rule 5635 to permit issuance of common shares on conversion of its Series A-1 Preferred Stock without applying the Series A-1 conversion caps; and authority to adjourn the meeting if more votes are needed. The proxy includes voting instructions (internet, phone, mail, or during the virtual meeting) and notes an initial conversion price of $7.50 per share for Series A-1, subject to adjustment. The document also lists beneficial ownership notes for officers, directors and related parties and discloses voting card/ballot options for each proposal.