Forward Air exec reports 4,950 unvested RSAs

FORWARD AIR CORP filed an initial ownership report for executive Zhu Yanqing, President, Asia Pacific.

Rhea-AI Filing Summary

FORWARD AIR CORP filed an initial ownership report for executive Zhu Yanqing, President, Asia Pacific. The filing shows beneficial ownership of 4,950 unvested restricted stock awards (RSAs) of common stock. These RSAs vest in three equal annual installments on each anniversary of the grant date, contingent on Zhu’s continued service to the company.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Zhu Yanqing

Role President, Asia Pacific

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

Holdings After Transaction: Common Stock — 4,950 shares (Direct)

Footnotes (1)

1. F1. Consists of 4,950 unvested restricted stock awards (RSAs). These RSAs vest in three equal annual installments on the anniversary of the grant date, subject to the Reporting Person's continued service to the Issuer through each applicable vesting date.

Key Figures

Unvested RSAs: 4,950 restricted stock awards Vesting installments: 3 equal annual installments Ownership type: Direct ownership

3 metrics

Unvested RSAs 4,950 restricted stock awards Beneficial ownership reported on Form 3

Vesting installments 3 equal annual installments RSAs vest annually on grant-date anniversaries

Ownership type Direct ownership Reported as direct (code D) common stock RSAs

Key Terms

restricted stock awards (RSAs), unvested, vest in three equal annual installments, continued service

4 terms

restricted stock awards (RSAs) financial

"Consists of 4,950 unvested restricted stock awards (RSAs)."

unvested financial

"Consists of 4,950 unvested restricted stock awards (RSAs)."

vest in three equal annual installments financial

"These RSAs vest in three equal annual installments on the anniversary"

continued service financial

"subject to the Reporting Person's continued service to the Issuer"

FAQ

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

What insider position is reported for FORWARD AIR CORP (FWRD) in this Form 3?

The Form 3 reports that executive Zhu Yanqing, President, Asia Pacific, beneficially owns 4,950 unvested restricted stock awards in FORWARD AIR CORP common stock. This is an initial statement of holdings, not a new stock purchase or sale transaction.

How many FORWARD AIR CORP (FWRD) shares does Zhu Yanqing report on Form 3?

Zhu Yanqing reports beneficial ownership of 4,950 unvested restricted stock awards of FORWARD AIR CORP common stock. These equity awards represent potential future shares that will vest over time, subject to employment-based vesting conditions described in the filing footnote.

What kind of equity awards does Zhu Yanqing hold in FORWARD AIR CORP (FWRD)?

The filing shows 4,950 unvested restricted stock awards (RSAs) tied to FORWARD AIR CORP common stock. RSAs are share-based compensation that convert into vested shares over time if service conditions are satisfied, aligning executive incentives with long-term company performance.

What is the vesting schedule for Zhu Yanqing’s FORWARD AIR CORP (FWRD) restricted stock awards?

The 4,950 unvested restricted stock awards vest in three equal annual installments on the anniversary of the grant date. Each vesting tranche is conditioned on Zhu’s continued service to FORWARD AIR CORP through the applicable vesting date, according to the filing footnote.

Are Zhu Yanqing’s FORWARD AIR CORP (FWRD) RSAs subject to any conditions?

Yes. The 4,950 restricted stock awards vest only if Zhu continues serving FORWARD AIR CORP through each vesting date. They vest in three equal annual installments on each grant-date anniversary, so separation from the company before vesting could affect award realization.

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

Understanding Insider Trading Forms →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 06/29/2026 - 04:48 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^*

Zhu Yanqing

(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, Asia Pacific

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	4,950(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. Consists of 4,950 unvested restricted stock awards (RSAs). These RSAs vest in three equal annual installments on the anniversary of the grant date, 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)