Forward Air exec reports 7,005 unvested RSAs

FORWARD AIR CORP executive reports existing equity stake.

Rhea-AI Filing Summary

FORWARD AIR CORP executive reports existing equity stake. President, LATAM, Fabio de Moraes Mendunekas reports beneficial ownership of 7,005 shares of common stock in the form of unvested restricted stock awards. These awards vest in three equal annual installments on each grant-date anniversary, contingent on continued service.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Mendunekas Fabio de Moraes

Role President, LATAM

Type	Security	Shares	Price	Value
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 7,005 shares (Direct)

Footnotes (1)

1. F1. Includes an aggregate of 7,005 unvested restricted stock awards (RSAs). These RSAs vest in three equal annual installments on each anniversary of their respective grant dates, subject to the Reporting Person's continued service to the Issuer through each applicable vesting date.

Key Figures

Unvested RSAs: 7,005 shares Vesting schedule: Three equal annual installments

2 metrics

Unvested RSAs 7,005 shares Unvested restricted stock awards reported as common stock holdings

Vesting schedule Three equal annual installments RSAs vest on each anniversary of their respective grant dates

Key Terms

restricted stock awards (RSAs), unvested, vest, beneficial ownership

4 terms

restricted stock awards (RSAs) financial

"Includes an aggregate of 7,005 unvested restricted stock awards (RSAs)."

unvested financial

"Includes an aggregate of 7,005 unvested restricted stock awards (RSAs)."

vest financial

"These RSAs vest in three equal annual installments on each anniversary of their respective grant dates"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

beneficial ownership financial

"Includes an aggregate of 7,005 unvested restricted stock awards (RSAs)."

Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.

FAQ

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

What does Fabio de Moraes Mendunekas report owning in Forward Air (FWRD)?

He reports beneficial ownership of 7,005 shares of Forward Air common stock as unvested restricted stock awards. These equity awards represent his current reported stake and are subject to vesting over time, rather than an immediate, fully vested stock position.

Are the 7,005 Forward Air (FWRD) shares reported by Mendunekas vested or unvested?

All 7,005 reported shares are unvested restricted stock awards. The awards will become vested over time, meaning he does not yet fully own them outright and they remain subject to service-based vesting conditions specified in the award terms.

How do Fabio de Moraes Mendunekas’s Forward Air (FWRD) restricted stock awards vest?

The restricted stock awards vest in three equal annual installments on each anniversary of their respective grant dates. Vesting is conditioned on his continued service to Forward Air through each scheduled vesting date, aligning equity ownership with ongoing employment.

Does this Form 3 show any recent buying or selling of Forward Air (FWRD) shares?

This Form 3 does not show explicit share purchases or sales. It reports a holding of 7,005 unvested restricted stock awards, focusing on current beneficial ownership rather than new open-market transactions or option exercises affecting his equity position.

What role does Fabio de Moraes Mendunekas hold at Forward Air (FWRD)?

He serves as President, LATAM at Forward Air. The reported 7,005 unvested restricted stock awards align his compensation with company performance, tying equity vesting to his continued service in this leadership role overseeing the Latin American operations.

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

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Accepted by SEC EDGAR 06/29/2026 - 04:47 PM Learn about SEC filing dates

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Mendunekas Fabio de Moraes

(Last) (First) (Middle)

3200 OLYMPUS BOULEVARD

SUITE 300

(Street)

DALLAS TEXAS 75019

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
06/17/2026

3. Issuer Name and Ticker or Trading Symbol
FORWARD AIR CORP [ FWRD ]

3a. Foreign Trading Symbol

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, LATAM

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	7,005(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes an aggregate of 7,005 unvested restricted stock awards (RSAs). These RSAs vest in three equal annual installments on each anniversary of their respective grant dates, subject to the Reporting Person's continued service to the Issuer through each applicable vesting date.

Remarks:

See Exhibit 24.1 - Power of Attorney

	/s/ Michael L. Hance, Attorney-in-Fact	06/29/2026
	** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)