CEO of Forward Industries (NASDAQ: FORD) gets 100,000 stock options

Rhea-AI Filing Summary

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.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Pruitt Michael D

(Last) (First) (Middle)

C/O FORWARD INDUSTRIES, INC.

111 CONGRESS AVENUE, SUITE 500

(Street)

AUSTIN TX 78701

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Forward Industries, Inc. [ FWDI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/10/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options (Right to Buy)	$5.02	03/10/2026		A		100,000		(1)	03/10/2031	Common Stock	100,000	(2)	100,000	D

Explanation of Responses:

1. The stock options shall vest in four equal quarterly installments (with the first vesting date on June 11, 2026), subject to continued service as a director on each applicable vesting date.

2. Not applicable.

	/s/ Michael D. Pruitt	03/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transaction did Forward Industries (FORD) disclose for Michael D. Pruitt?

Forward Industries disclosed that CEO Michael D. Pruitt received a grant of stock options for 100,000 shares of common stock. These options are a compensation award, not an open-market purchase or sale, and give him the right to buy shares at a set price.

What are the key terms of Michael D. Pruitt’s new stock options at Forward Industries (FORD)?

The grant covers 100,000 stock options with an exercise price of $5.0200 per share and an expiration date of March 10, 2031. Each option represents the right to purchase one share of Forward Industries common stock under these terms.

How do Michael D. Pruitt’s Forward Industries (FORD) stock options vest?

The stock options vest in four equal quarterly installments, starting on June 11, 2026. Vesting is conditioned on Michael D. Pruitt’s continued service as a director on each applicable vesting date, meaning he earns the options gradually over time.

Is Michael D. Pruitt buying or selling Forward Industries (FORD) shares in this Form 4?

He is not buying or selling shares in the market. The Form 4 reports a compensation-related acquisition of derivative securities: a grant of 100,000 stock options. These options may be exercised later to acquire common stock at the fixed exercise price.

How many Forward Industries (FORD) stock options does Michael D. Pruitt hold after this grant?

After this transaction, Michael D. Pruitt holds 100,000 stock options directly, according to the filing’s post-transaction holdings figure. Each option is currently tied to one share of common stock as the underlying security for potential future exercise.