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Forward Industries, Inc. — Director's Dealing 2024
Jul 9, 2024
31581_dirs_2024-07-09_c031fb1e-9a86-4708-82c8-30083f739302.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Forward Industries, Inc. (FORD)
CIK: 0000038264
Period of Report: 2024-07-05
Reporting Person: Terence Bernard Wise (Director, Chief Executive Officer, 10% Owner)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-07-05 | Series A-1 Convertible Preferred Stock | $7.50 | A | 1700 | Acquired | Common Stock () | Indirect |
Footnotes
F1: The shares of Series A-1 Convertible Preferred Stock (the "PS") are convertible into shares of common stock at $7.50 per share or 226,667 shares (product of stated value of $1,000 and 1,700 shares). The shares of PS have a 19.9% conversion blocker. The PS is perpetual and therefore has no expiration date. The reporting person acquired the shares of PS in consideration for $1.7 million of forgiven payables due to Forward Industries (Asia-Pacific) Corporation.
F2: The shares of PS and the underlying shares of common stock are indirectly owned by the reporting person through Forward Industries (Asia-Pacific) Corporation.