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.
Navi Ryan David reported acquisition or exercise transactions in this Form 4 filing.
Forward Industries, Inc. reported that Chief Investment Officer Navi Ryan David received new equity compensation. He was granted stock options covering 352,694 shares of common stock expiring on March 8, 2036, with half exercisable at $9.66 per share and half at $14.49.
He also received 382,085 restricted stock units, each representing one share of common stock upon vesting. These RSUs vest 25% on November 17, 2026, with the remaining 75% vesting in 12 equal quarterly installments through November 17, 2029, subject to continued service. Following the grant, he directly owns 392,085 common shares.
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.
Forward Industries, Inc. has completed a legal move of its incorporation from New York to Texas by merger, effective March 5, 2026. Each share of New York common stock automatically became one share of Texas common stock, and Nasdaq trading continues under the “FWDI” symbol.
The company states the reincorporation does not change its business, management, assets, liabilities, or contracts. Shareholders also approved an increase in the 2021 Equity Incentive Plan to 8,724,667 shares of common stock and elected five directors.
Subsequently, the board’s compensation committee granted stock options, restricted stock units, and performance stock units to senior executives, including sizable multi-year awards to the Chief Investment Officer and General Counsel, and options to the Chief Financial Officer, all subject to continued service and, for performance units, specified performance thresholds.
Forward Industries shareholder group filed an amended Schedule 13D reporting beneficial ownership of between 7,947,843 and 7,947,943 common shares, representing 9.6% of the company’s stock, based on 83,139,037 shares outstanding as of January 31, 2026.
The filing also notes that on March 3, 2026, Saurabh Sharma, Chief Investment Officer of Jump Crypto, was elected as a director of Forward Industries after previously serving as a non-voting board observer.
Forward Industries shifted to a Solana-focused digital asset strategy and reported extremely volatile first-quarter results. For the three months ended December 31, 2025, revenue rose to $21.4 million from $4.6 million, driven mainly by $17.4 million of Solana staking and related income. Gross margin expanded to 78.6% as the new digital asset segment generated very high-margin rewards, while the design services business saw modest revenue decline and lower margins.
The pivot came at a steep cost. A sharp drop in Solana valuations produced a $560.2 million loss on digital assets and $33.0 million of fwdSOL impairment, leading to a net loss of $585.7 million, or $5.91 per share. Digital assets on the balance sheet fell to a $826.8 million carrying value from $1.43 billion. Despite this, the company ended the quarter with $25.4 million of cash, working capital of about $52.9 million, and expects existing resources to cover liquidity needs through at least February 2027, assuming it can sell digital assets as needed.
Forward also began aggressively reshaping its capital structure, launching a $4 billion at-the-market equity program and a $1 billion share repurchase authorization. In the quarter it sold 312,000 new shares for $7.6 million and repurchased 1.54 million shares for $10.9 million, with additional buybacks in January 2026. Management highlights significant risks tied to Solana price swings, DeFi exposure, custody and smart-contract vulnerabilities, and potential regulatory changes that could reclassify Solana as a security and impact the company’s regulatory status.
Forward Industries, Inc. is asking shareholders to vote at its virtual 2026 annual meeting on March 3, 2026. Owners of 83,642,042 shares of common stock as of January 22, 2026 can vote online, by phone, mail, or during the meeting.
Key items include electing five directors, ratifying CBIZ CPAs P.C. as auditor for fiscal 2026, and approving an amendment to increase the 2021 Equity Incentive Plan pool to 8,724,667 shares of common stock. Shareholders will also cast advisory votes on executive pay and the frequency of future say‑on‑pay votes.
Another major proposal would change Forward’s state of incorporation from New York to Texas via a merger with a Texas subsidiary. The proxy also describes the company’s 2025 private placement that raised approximately $1.65 billion at $18.50 per share or pre‑funded warrant, and extensive new relationships with Galaxy entities for strategic advice, services and asset management tied to a new digital asset treasury strategy.
Forward Industries, Inc. has issued a preliminary proxy for its 2026 virtual annual meeting, scheduled for March 3, 2026, asking shareholders to vote on seven proposals. Shareholders of record as of January 22, 2026, when 83,940,497 common shares were outstanding, are entitled to vote.
Key items include electing five directors, ratifying CBIZ CPAs P.C. as auditor for fiscal 2026, and approving an amendment to the 2021 Equity Incentive Plan to increase the share reserve to 8,724,667 common shares. Shareholders will also cast advisory votes on executive pay and the frequency of future say‑on‑pay votes.
A major governance proposal seeks to change the company’s state of incorporation from New York to Texas via a merger into a Texas subsidiary. The proxy also details the 2025 $1.65 billion private placement supporting a new digital asset treasury strategy and related advisory and asset‑management agreements with Galaxy. The Board unanimously recommends voting “FOR” Proposals 1–4, 6 and 7 and “FOR” three‑year say‑on‑pay frequency under Proposal 5.
Forward Industries, Inc. reported an insider stock purchase by its Chief Executive Officer, Michael D. Pruitt. On 12/15/2025, Pruitt bought 1,000 shares of the company’s common stock at a price of $7.44 per share.
The report shows that, after this transaction, he beneficially owns 1,000 shares indirectly through an individual retirement account (IRA). The filing is made by a single reporting person and identifies Pruitt as an officer serving as Chief Executive Officer.
Forward Industries, Inc. reports that it now operates primarily as a hardware and software product design and engineering company while pivoting its balance sheet to a new Solana (SOL) digital asset treasury strategy. In September 2025 it bought 6,822,000 SOL at an average price of $232 per SOL, or about $1.58 billion in total, and plans to stake SOL, use liquid staking tokens and interact with DeFi protocols within the Solana ecosystem.
The company states that its assets are now highly concentrated in digital assets, particularly SOL. The fair value of its SOL holdings was about $209 per SOL, or $1.43 billion in aggregate, at September 30, 2025, and about $133 per SOL, or $920.5 million in aggregate, at November 30, 2025. Forward has discontinued its retail and OEM distribution segments, sold its Switzerland and UK subsidiaries, and engaged Galaxy Digital affiliates for asset management and operational support, while describing extensive volatility, regulatory, custody, DeFi, operational and technological risks tied to its Solana-focused strategy.
Forward Industries (FORD) filed an 8‑K noting it has filed a resale prospectus supplement under Rule 424(b)(5) tied to its effective Form S‑3. The supplement registers for resale certain shares of common stock that were previously issued in the Company’s September 2025 private placement. The filing also includes a legal opinion from Nason, Yeager, Gerson, Harris & Fumero, P.A. as Exhibit 5.1.