Welcome to our dedicated page for Forward Industries SEC filings (Ticker: FWDI), 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.
Our SEC filing database is enhanced with expert analysis from Rhea-AI, providing insights into the potential impact of each filing on Forward Industries's stock performance. Each filing includes a concise AI-generated summary, sentiment and impact scores, and end-of-day stock performance data showing the actual market reaction. Navigate easily through different filing types including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, proxy statements (DEF 14A), and Form 4 insider trading disclosures.
Designed for fundamental investors and regulatory compliance professionals, our page simplifies access to critical SEC filings. By combining real-time EDGAR feed updates, Rhea-AI's analytical insights, and historical stock performance data, we provide comprehensive visibility into Forward Industries's regulatory disclosures and financial reporting.
Forward Industries, Inc. reported that Chief Investment Officer Navi Ryan David acquired 146,956 shares of common stock as a grant/award. The award was issued upon satisfaction of a performance milestone under his equity award grant. Following this issuance, his directly held common stock position totals 539,041 shares, which includes previously reported restricted stock units that remain subject to vesting.
Brazier Mark Christopher reported acquisition or exercise transactions in this Form 4 filing.
Forward Industries, Inc. reported that Chief Financial Officer Mark Christopher Brazier received a grant of 137,500 shares of common stock on August 8, 2026. The shares were issued upon satisfaction of a performance milestone under his equity award grant. Following this award, Brazier directly holds 412,500 shares of common stock, including restricted stock units that were previously reported and remain subject to vesting.
Forward Industries, Inc. executive Georgia P. Quinn, General Counsel, reported an acquisition of 146,956 shares of common stock on August 8, 2026. These shares were issued upon satisfaction of a performance milestone under her equity award grant. Following this award, she directly holds 440,867 shares of common stock, which include restricted stock units that were previously reported and remain subject to vesting.
Alyeska Investment Group, L.P., Alyeska Fund GP, LLC, and Anand Parekh report beneficial ownership of common equity in Forward Industries, Inc. The group reports beneficial ownership of 3,790,702 shares of Common Stock, representing 5.08% of the outstanding common stock as of June 30, 2026.
The position consists of 3,250,161 shares acquired in a private placement and 540,541 shares issuable upon exercise of pre-funded warrants. Voting and investment control is exercised by Alyeska Investment Group, L.P. over shares held by Alyeska Master Fund, L.P. Anand Parekh may be deemed a beneficial owner but disclaims beneficial ownership. All three reporting persons share voting and dispositive power over the reported shares.
Forward Industries, Inc. reported fiscal third-quarter 2026 results showing rapid growth in its Solana-focused treasury business alongside very large GAAP losses driven by digital asset mark-to-market. Revenue for the quarter was $10.8 million, more than four times the prior-year period, primarily from staking and other treasury-related income.
The company increased its Solana exposure, adding 508,618 SOL during the quarter and a further approximately 254,000 SOL after quarter end, bringing holdings to about 7.8 million SOL and equivalents as of August 3, 2026, or roughly 1.3% of Solana’s circulating supply. SOL per share on a fully diluted basis rose 9% quarter over quarter to 0.0730, and to about 0.0754 by August 3.
Forward repurchased 2.56 million shares in the quarter, reducing common shares outstanding to 73.8 million, while also issuing 93,642 shares via an at-the-market program for $435,443 that was reinvested into SOL. GAAP results were heavily affected by a $49.8 million loss on digital assets and a $15.2 million impairment, contributing to a quarterly net loss of $69.0 million and a nine-month net loss of $937.7 million.
As of June 30, 2026, cash was $11.0 million and SOL treasury fair value was $555.3 million, against $105.0 million of debt at a 2.6% weighted average interest rate. Total net asset value was $481.3 million, versus a common equity market capitalization of $311.6 million, implying a discount to stated NAV.
Forward Industries, Inc. (FWDI) has transformed into a Solana-focused digital asset treasury company, generating most of its results from SOL and related tokens rather than its legacy OEM business, which was sold in May 2025 and is now reported as discontinued operations.
For the nine months ended June 30, 2026, revenue rose to $45.2 million from $10.2 million a year earlier, driven by $34.1 million of Solana staking revenue. The design segment contributed $11.1 million of revenue and modest profit, but overall performance was dominated by digital asset activity.
Large mark-to-market and impairment charges on digital assets produced a net loss of $937.7 million. This included $811.7 million of loss on digital assets and $133.4 million of digital asset impairment, plus derivative losses. Total assets fell to $602.5 million from $1.47 billion at September 30, 2025, mainly due to a drop in the carrying value of SOL and related holdings to $337.1 million. FWDI funded operations and a large share repurchase program with $105 million of related-party loans and $7.9 million ATM equity sales, and repurchased 13.3 million shares for $69.9 million. Management states that cash, digital assets and ATM capacity are expected to meet liquidity needs through at least August 2027.
Forward Industries, Inc. director Michael Lawrence Ashe filed an initial insider ownership report. He reports direct holdings of 13,514 shares of Common Stock of Forward Industries, recorded as a holding entry dated 2026-07-14, with no associated buy or sell transaction reported.
Forward Industries, Inc. appointed Michael Ashe, Chief Strategy Officer of Galaxy Digital Inc., to its Board of Directors effective July 14, 2026. Because the company maintains several commercial arrangements with Galaxy and its affiliates, Ashe may be deemed to have an indirect material interest in these transactions for Item 404(a) of Regulation S-K.
The relationships include a Share Repurchase Program Agreement under which Galaxy Securities LLC may repurchase up to 4,000,000 shares of common stock for a fee of $0.0125 per share; approximately $90,000 of fees have been paid. A Master Digital Currency Loan Agreement with Galaxy Digital LLC has generated approximately $373,000 of interest fees. Written SOL Option Contracts with Galaxy Trading Mercury LLC have resulted in approximately $1,300,000 of premium payments and approximately $3,700,000 to exercise options for approximately 46,000 SOL. Ashe has no family relationships with company leadership, is not assigned to any board committee, is not expected to receive board compensation, and his compensation at Galaxy is not tied to these agreements.
Forward Industries, Inc. disclosed that it made two non-binding, all-stock acquisition proposals that are no longer active. In June 2026 it offered SkyAI, Inc. stockholders 0.367 Forward share per SKYA share, implying about a 20% premium to SKYA’s prior closing price of $1.29, or $1.55 per share; SKYA did not respond before the proposal expired on June 12, 2026. Forward also proposed an all-stock combination with Solana Company (HSDT), offering 0.386 Forward share per HSDT share, a roughly 10% premium to HSDT’s $1.48 closing price, or $1.63 per share, which HSDT’s board formally declined.
The company uses these communications to reiterate its strategy as a Solana-focused digital asset treasury platform. It highlights having assembled a large Solana treasury, staking SOL via validator infrastructure, launching the fwdSOL liquid staking token, and investing in Solana protocols, while cautioning that crypto prices, regulation, and competition create significant risks.