Cetus Capital VI, L.P. - 14 Oct 2025 Form 4 Insider Report for FORWARD AIR CORP (FWRD)

Role
10%+ Owner
Signature
/s/ Robert E. Davis, authorized signatory
Issuer symbol
FWRD
Transactions as of
14 Oct 2025
Net transactions value
-$642,600
Form type
4
Filing time
17 Feb 2026, 21:53:42 UTC
Previous filing
17 Feb 2026
Next filing
17 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Cetus Capital VI, L.P. 10%+ Owner 8 SOUND SHORE DRIVE SUITE 303, GREENWICH /s/ Robert E. Davis, authorized signatory 17 Feb 2026 0001837548

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction FWRD Common Stock Sale $642,600 -30,000 -0.97% $21.42 3,063,709 14 Oct 2025 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Cetus Capital VI, L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Given that the reporting person's sales of the Issuer's common stock reported herein, together with the reporting person's sales of the Issuer's common stock on November 6, 2025, November 10, 2025, November 11, 2025, and November 12, 2025 disclosed in the Form 4 filed on February 17, 2026, were potentially matchable under Section 16(b) of the Securities Exchange Act of 1934 ("Section 16(b)"), to the extent of an aggregate of 225,000 shares, with the reporting person's purchase of 225,000 shares of the Issuer's common stock on October 20, 2025, the reporting person has agreed to remit, and the Issuer has agreed to accept, an aggregate of $807,054 in connection with such sale transactions pursuant to Section 16(b).
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.20 to $21.56, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.