Forward Industries (NASDAQ: FORD) 13D/A shows 9.6% stake, new director

Rhea-AI Filing Summary

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.

Insights

Equity ownership and governance analyst

Large 9.6% holder updates stake and gains board representation.

A group including J Digital 6 Cayman Ltd., related entities, and individuals William DiSomma and Paul Gurinas reports beneficial ownership of roughly 7.95 million Forward Industries shares, or 9.6% of the common stock as of January 31, 2026.

The filing also records the March 3, 2026 election of Saurabh Sharma, Chief Investment Officer of Jump Crypto, to the board. This formalizes representation linked to the reporting group after his prior role as a non-voting board observer.

Such a near-10% position combined with a board seat can influence governance and strategic discussions, though any specific future actions or changes are not described in the excerpt and would depend on subsequent company and shareholder decisions.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

Forward Industries, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

Matthew Hinerfeld
600 West Chicago Ave., Suite 600
Chicago, IL, 60654
(312) 205-8900

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

03/03/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

J Digital 6 Cayman Ltd.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 7,947,843.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 7,947,843.00

11

Aggregate amount beneficially owned by each reporting person

7,947,843.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.6 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

J Digital 6 LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 7,947,843.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 7,947,843.00

11

Aggregate amount beneficially owned by each reporting person

7,947,843.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.6 %

14

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

DYSO TC, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 7,947,843.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 7,947,843.00

11

Aggregate amount beneficially owned by each reporting person

7,947,843.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.6 %

14

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

PXG, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 7,947,843.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 7,947,843.00

11

Aggregate amount beneficially owned by each reporting person

7,947,843.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.6 %

14

Type of Reporting Person (See Instructions)

HC, OO

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

William DiSomma

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 7,947,943.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 7,947,943.00

11

Aggregate amount beneficially owned by each reporting person

7,947,943.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.6 %

14

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13D

CUSIP Number(s):

1

Name of reporting person

Paul Gurinas

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 7,947,943.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 7,947,943.00

11

Aggregate amount beneficially owned by each reporting person

7,947,943.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

9.6 %

14

Type of Reporting Person (See Instructions)

IN, HC

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.01 per share
(b)	Name of Issuer: Forward Industries, Inc.
(c)	Address of Issuer's Principal Executive Offices: 700 Veterans Memorial Hwy., Suite 100, Hauppauge, NEW YORK , 11788.
Item 1 Comment: The following constitutes Amendment No. 1 ("Amendment No. 1") to the Schedule 13D filed on September 18, 2025 with the Securities and Exchange Commission ("SEC") by the Reporting Persons identified above (the "Schedule 13D"). This Amendment No. 1 supplements the Schedule 13D as specifically set forth herein. The percentage beneficial ownership reported herein is calculated based upon 83,139,037 shares of the Issuer's common stock outstanding as of January 31, 2026, as reported in its Form 10-Q filed with the SEC on February 12, 2026.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Item 6 is updated by adding a new paragraph at the end thereof stating: On March 3, 2026, Saurabh Sharma was elected as a director by the shareholders of the Issuer. Mr. Sharma had previously served as a non-voting board observer as described in the preceding paragraph. Mr. Sharma is the Chief Investment Officer of Jump Crypto, which is the crypto division of Jump Trading Group, a research-driven quantitative trading firm.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

J Digital 6 Cayman Ltd.

Signature:	/s/ Samarth Haribhakti
Name/Title:	Samarth Haribhakti, Director
Date:	03/06/2026

J Digital 6 LLC

Signature:	/s/ Matthew Hinerfeld
Name/Title:	Matthew Hinerfeld, Authorized Signatory
Date:	03/06/2026

DYSO TC, LLC

Signature:	/s/ William DiSomma
Name/Title:	William DiSomma, Manager
Date:	03/06/2026

PXG, LLC

Signature:	/s/ Paul Gurinas
Name/Title:	Paul Gurinas, Manager
Date:	03/06/2026

William DiSomma

Signature:	/s/ William DiSomma
Name/Title:	William DiSomma
Date:	03/06/2026

Paul Gurinas

Signature:	/s/ Paul Gurinas
Name/Title:	Paul Gurinas
Date:	03/06/2026

FAQ

What ownership stake does the FORD shareholder group report in this Schedule 13D/A?

The reporting group discloses beneficial ownership of about 7.95 million Forward Industries shares, equal to 9.6% of the common stock. This percentage is calculated using 83,139,037 shares outstanding as of January 31, 2026, from the company’s Form 10-Q.

Which entities are included in the FORD Schedule 13D/A reporting group?

The filing lists J Digital 6 Cayman Ltd., J Digital 6 LLC, DYSO TC, LLC, PXG, LLC, and individuals William DiSomma and Paul Gurinas. Each reports shared voting and dispositive power over roughly 7,947,843–7,947,943 Forward Industries shares.

How many Forward Industries shares does each reporting person in the FORD 13D/A control?

Each entity in the group reports 7,947,843 shares beneficially owned, with shared voting and dispositive power. DiSomma and Gurinas each report 7,947,943 shares. All filings indicate 0 shares with sole voting or dispositive power, emphasizing joint control.

What board change at Forward Industries is disclosed in this Schedule 13D/A amendment?

The amendment notes that on March 3, 2026, Saurabh Sharma was elected as a director of Forward Industries. He had previously served as a non-voting board observer and is Chief Investment Officer of Jump Crypto, the crypto division of Jump Trading Group.

How was the 9.6% ownership percentage for FORD calculated in this filing?

The 9.6% figure is based on 7,947,843–7,947,943 shares compared with 83,139,037 Forward Industries shares outstanding. The outstanding share count comes from the issuer’s Form 10-Q, which reported that total as of January 31, 2026.

What does shared voting and dispositive power mean in the FORD Schedule 13D/A?

Shared voting and dispositive power means the reporting persons collectively have authority to vote and decide on the disposition of the same block of shares. In this case, they report 0 shares with sole power and around 7.95 million shares with shared power.