Alyeska reports 5.08% stake in Forward Industries

Rhea-AI Filing Summary

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.

Key Figures

Beneficial ownership: 3,790,702 shares Ownership percentage: 5.08% Common shares acquired: 3,250,161 shares +2 more

5 metrics

Beneficial ownership 3,790,702 shares Shares of Forward Industries common stock beneficially owned as of June 30, 2026

Ownership percentage 5.08% Percent of Forward Industries common stock class beneficially owned by reporting persons

Common shares acquired 3,250,161 shares Common Stock acquired in a private placement included in the reported beneficial ownership

Pre-funded warrant shares 540,541 shares Shares issuable upon exercise of pre-funded warrants included in beneficial ownership

Shares outstanding 74,679,699 shares Forward Industries common shares outstanding based on Form 10-Q dated May 14, 2026

Key Terms

beneficially own, pre-funded warrants, shared dispositive power, shared voting power, +1 more

5 terms

beneficially own financial

"As of 30 June 2026, the Reporting Persons beneficially own 3,790,702 shares"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

pre-funded warrants financial

"540,541 shares issuable upon exercise of pre-funded warrants"

Pre-funded warrants are financial instruments that give investors the right to purchase a company's stock at a set price, but with most or all of the purchase price paid upfront. They function like a coupon or gift card for stock, allowing investors to buy shares later at a fixed price, which can be beneficial if they want to avoid future price increases. This makes them important for investors seeking flexibility and certainty in their investment plans.

shared dispositive power financial

"Shared Dispositive Power 3,790,702.00"

shared voting power financial

"Shared Voting Power 3,790,702.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

Schedule 13G regulatory

"JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k)"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of Forward Industries (FWDI) does Alyeska report owning?

Alyeska and related reporting persons report beneficial ownership of 5.08% of Forward Industries’ common stock. This reflects 3,790,702 shares relative to 74,679,699 shares outstanding based on Forward Industries’ Form 10-Q dated May 14, 2026.

How many Forward Industries (FWDI) shares does Alyeska beneficially own?

The reporting persons beneficially own 3,790,702 Forward Industries common shares. This includes 3,250,161 shares acquired in a private placement and 540,541 shares issuable upon exercise of pre-funded warrants as of June 30, 2026.

What type of securities does Alyeska hold in Forward Industries (FWDI)?

Alyeska’s reported position in Forward Industries consists of common stock and pre-funded warrants. Specifically, 3,250,161 are common shares, and 540,541 are shares issuable upon exercise of pre-funded warrants, together totaling 3,790,702 shares beneficially owned.

Who has voting and investment control over Alyeska’s FWDI shares?

Alyeska Investment Group, L.P., as investment manager, exercises voting and investment control over shares held by Alyeska Master Fund, L.P. All reporting persons share voting and dispositive power over 3,790,702 Forward Industries shares reported in this Schedule 13G.

What is Anand Parekh’s role in the Forward Industries (FWDI) ownership filing?

Anand Parekh is reported as Chief Executive Officer of Alyeska Investment Group, L.P. and may be deemed a beneficial owner of the Forward Industries shares. However, the filing states that Mr. Parekh disclaims beneficial ownership of those shares.

How many Forward Industries (FWDI) shares are outstanding in this 13G?

The filing states that Forward Industries had 74,679,699 shares of common stock outstanding. This figure is based on the company’s Form 10-Q dated May 14, 2026 and is used to calculate Alyeska’s reported 5.08% ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/14/2026 - 04:41 PM Accepted by SEC EDGAR 08/14/2026 - 04:36 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Forward Industries, Inc.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

349932103

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 349932103

1

Names of Reporting Persons

Alyeska Investment Group, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,790,702.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,790,702.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,790,702.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.08 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

CUSIP Number(s): 349932103

1

Names of Reporting Persons

Alyeska Fund GP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,790,702.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,790,702.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,790,702.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.08 %

12

Type of Reporting Person (See Instructions)

OO

SCHEDULE 13G

CUSIP Number(s): 349932103

1

Names of Reporting Persons

Anand Parekh

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 3,790,702.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 3,790,702.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,790,702.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.08 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Forward Industries, Inc.
(b)	Address of issuer's principal executive offices: 111 Congress Avenue, Suite 500, Austin, TX 78701
Item 2.
(a)	Name of person filing: (i) Alyeska Investment Group, L.P. (ii) Alyeska Fund GP, LLC (iii) Anand Parekh
(b)	Address or principal business office or, if none, residence: (i) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601 (ii) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601 (iii) 77 West Wacker Drive, 7th Floor, Chicago, IL 60601
(c)	Citizenship: (i) Alyeska Investment Group, L.P. - Delaware (ii) Alyeska Fund GP, LLC - Delaware (iii) Anand Parekh - United States of America
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP Number(s): 349932103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,790,702
(b)	Percent of class: 5.08%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 3,790,702
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 3,790,702
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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.

Alyeska Investment Group, L.P.

Signature:	Jason Bragg
Name/Title:	Jason Bragg | Chief Financial Officer
Date:	08/14/2026

Alyeska Fund GP, LLC

Signature:	Jason Bragg
Name/Title:	Jason Bragg | Chief Financial Officer
Date:	08/14/2026

Anand Parekh

Signature:	Anand Parekh
Name/Title:	Anand Parekh | Self
Date:	08/14/2026

Exhibit Information

As of 30 June 2026, the Reporting Persons beneficially own 3,790,702 shares of Common Stock, consisting of (i) 3,250,161 shares of Common Stock acquired in a private placement and (ii) 540,541 shares issuable upon exercise of pre-funded warrants. The number of shares of Common Stock outstanding (74,679,699) is based on the Form 10-Q dated 14 May 2026. Position held by Alyeska Master Fund, L.P. Alyeska Investment Group, L.P., as investment manager, exercises voting and investment control over the shares held by Alyeska Master Fund, L.P. Anand Parekh, as Chief Executive Officer of Alyeska Investment Group, L.P., may be deemed the beneficial owner of such shares. Mr. Parekh disclaims beneficial ownership of such shares. JOINT FILING STATEMENT PURSUANT TO RULE 13d-1(k) The undersigned acknowledge and agree that the foregoing statement on SCHEDULE 13G, is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on SCHEDULE 13G, shall be filed on behalf of each of the undersigned without the necessity of filing additional joint acquisition statements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning him or it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate.