Welcome to our dedicated page for Forward Inds N Y 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.
The Forward Industries, Inc. (NASDAQ: FWDI) SEC filings page on Stock Titan is the place where investors can review the company’s regulatory disclosures in the context of its dual focus: a long-established design business serving medical and technology companies, and a Solana-focused digital asset treasury strategy. While no specific filings are listed in the provided data, FWDI’s press releases reference items that are typically detailed in SEC reports, such as financial results, equity offerings, and capital structure changes.
In its fiscal year 2025 financial results, Forward Industries discusses revenues, operating expenses, and a significant non-cash, unrealized loss related to changes in the fair value of its SOL holdings. These types of figures and accounting treatments are normally explained in depth in annual reports on Form 10‑K and quarterly reports on Form 10‑Q. For a company pursuing a Solana treasury strategy, such filings can provide additional context on digital asset accounting, risk factors, and treasury management policies.
Forward Industries has also announced capital markets transactions, including a private placement in public equity, an at-the-market equity offering program, and a share repurchase authorization, as well as a change of its Nasdaq ticker from FORD to FWDI. Details of these actions are typically documented in current reports on Form 8‑K and related registration statements. Investors interested in ownership changes or insider activity would normally look to Forms 3, 4, and 5 for information on transactions by directors and officers.
On Stock Titan, FWDI’s SEC filings are paired with AI-powered summaries that aim to clarify the key points of lengthy documents, highlight sections related to digital asset holdings and Solana treasury activities, and make it easier to identify information on equity offerings, tokenization initiatives, and other material events disclosed by the company.
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. 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.
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 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.