Forward Industries, Inc. — Director's Dealing 2025

Sep 11, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Forward Industries, Inc. (FORD)
CIK: 0000038264
Period of Report: 2025-09-08

Reporting Person: Shah Sangita (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-09-08	Common Stock	A	50000	$18.50	Acquired	50000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11113	Indirect

Footnotes

F1: 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.

F2: The shares are held by Odyssean Enterprises Ltd., an entity the Reporting Person controls with her husband.