Michael L. Hance - May 13, 2021 Form 4 Insider Report for FORWARD AIR CORP (FWRD)

Role
CLO and Secretary
Signature
/s/ Michael L. Hance
Stock symbol
FWRD
Transactions as of
May 13, 2021
Transactions value $
-$259,116
Form type
4
Date filed
5/17/2021, 10:53 AM
Next filing
Nov 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FWRD Common Stock Options Exercise $218K +5K +12.91% $43.67 43.7K May 13, 2021 Direct
transaction FWRD Common Stock Sale -$458K -4.8K -10.98% $95.47 38.9K May 13, 2021 Direct F1
transaction FWRD Common Stock Sale -$19.2K -200 -0.51% $96.05 38.7K May 13, 2021 Direct F2

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 -5K -59.67% $0.00 3.38K May 13, 2021 Common Stock 5K $43.67 Direct F3
* 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 $95.03 to $95.99 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 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $96.04 to $96.05 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.
F3 These options are immediately exercisable.