September 8, 2025 · Form 4 insider transaction
Shah Sangita bought 50,000 shares of Forward Industries Inc at $18.50 per share, a transaction worth $925.0K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 3 days after the transaction.
The grant of the Issuer's restricted common stock was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Board of Directors. The shares are fully vested and granted under the Issuer's 2021 Equity Incentive Plan.