Kyle R. Mitchin - May 7, 2021 Form 4 Insider Report for FORWARD AIR CORP (FWRD)

Role
Chief People Officer
Signature
/s/ Michael L. Hance, Attorney-in-Fact
Stock symbol
FWRD
Transactions as of
May 7, 2021
Transactions value $
-$359,336
Form type
4
Date filed
5/12/2021, 09:18 PM
Next filing
Feb 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FWRD Common Stock Options Exercise $275K +5.13K +38.08% $53.73 18.6K May 7, 2021 Direct
transaction FWRD Common Stock Options Exercise $206K +3.54K +19.02% $58.40 22.1K May 7, 2021 Direct
transaction FWRD Common Stock Sale -$841K -8.66K -39.15% $97.13 13.5K May 7, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FWRD Stock Option (Right to Buy) Options Exercise $0 -5.13K -100% $0.00* 0 May 7, 2021 Common Stock 5.13K $53.73 Direct F2
transaction FWRD Stock Option (Right to Buy) Options Exercise $0 -3.54K -100% $0.00* 0 May 7, 2021 Common Stock 3.54K $58.40 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.