Pyahm Samani - 30 Apr 2026 Form 4 Insider Report for Forward Industries, Inc. (FWDI)

Reporting relationship: Director
Issuer ticker: FWDI
Reported as of: 30 Apr 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 18 May 2026, 17:00:04 UTC
Source filing: View source filing
Reporting owner signature: /s/ Pyahm Samani

Key filing fact

Pyahm Samani filed Form 4 for Forward Industries, Inc. (FWDI) on 18 May 2026.

Key facts

This page summarizes Pyahm Samani's Form 4 filing for Forward Industries, Inc. (FWDI).
2 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 18 May 2026, 17:00.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001868197 Primary reporting owner

Samani Pyahm

Relationship: Director
Address: 111 CONGRESS AVENUE, SUITE 500, AUSTIN
Signature: /s/ Pyahm Samani
Signature date: 18 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

FWDI transaction

Common Stock

Other

Transaction value
Shares: +1,783,519
Change %: +132%
Price: $4.43^*
Shares after: 3,134,871
Date: 05 May 2026
Ownership: By LLC
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

FWDI transaction Derivative

Common Stock Purchase Warrant

Other

Transaction value
Shares: +4,458,796
Change %
Price: $3.91^*
Shares after: 4,458,796
Date: 30 Apr 2026
Ownership: By LLC
Underlying class: Common Stock
Underlying amount: 4,458,796
Exercise price: $0.0100
Footnotes: F1, F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

The securities reported in this Form 4 were acquired by the Reporting Person pursuant to a distribution by a pooled investment vehicle (the "Investment Fund") managed by Multicoin Capital Management, LLC ("MCC"). The Reporting Person previously served as a manager of MCC and the Investment Fund was a significant shareholder of the Issuer. No shares were sold, and no cash consideration was paid or received by the Reporting Person in connection with the distribution.

Footnote F2

The warrants shall be exercisable as follows: (i) one-third on and after the first date on which the closing trading price of the Issuer's Common Stock is equal to or greater than 150% of the cash Per Share Purchase Price (as defined in the Securities Purchase Agreement dated September 6, 2025) for 20 out of 30 trading days; (ii) one-third on and after the first date on which such closing trading price is equal to or greater than 200% of the cash Per Share Purchase Price for 20 out of 30 trading days; and (iii) one-third on and after the first date on which such closing trading price is equal to or greater than 250% of the cash Per Share Purchase Price for 20 out of 30 trading days. The warrants include an exercise limitation that prohibits the holder from exercising them in an amount that would result in ownership exceeding 9.99% of the issued and outstanding shares of Common Stock.

Footnote F3

The warrants do not expire.