FORWARD AIR CORP — Director's Dealing 2021

May 13, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FORWARD AIR CORP (FWRD)
CIK: 0000912728
Period of Report: 2021-05-07

Reporting Person: MITCHIN KYLE R (Chief People Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-07	Common Stock	M	5125	$53.73	Acquired	18582.9542	Direct
2021-05-07	Common Stock	M	3535	$58.40	Acquired	22117.9542	Direct
2021-05-07	Common Stock	S	8660	$97.13	Disposed	13457.9542	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-07	Stock Option (Right to Buy)	$53.73	M	5125	Disposed	2024-07-24	Common Stock (5125.0)	Direct
2021-05-07	Stock Option (Right to Buy)	$58.4	M	3535	Disposed	2025-02-05	Common Stock (3535.0)	Direct

Footnotes

F1: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $96.87 to $97.47 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares sold at each separate price.

F2: These options are immediately exercisable.