Terence Bernard Wise - 05 Jul 2024 Form 4 Insider Report for Forward Industries, Inc. (FORD)

Reporting relationship: Chief Executive Officer, Director, 10%+ Owner
Issuer ticker: FORD
Reported as of: 05 Jul 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 09 Jul 2024, 16:05:12 UTC
Source filing: View source filing
Reporting owner signature: /s/ Terence Bernard Wise

Key filing fact

Terence Bernard Wise filed Form 4 for Forward Industries, Inc. (FORD) on 09 Jul 2024.

Key facts

This page summarizes Terence Bernard Wise's Form 4 filing for Forward Industries, Inc. (FORD).
1 reported transaction and 1 derivative row are listed below.
Accepted by SEC: 09 Jul 2024, 16:05.

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

Reported derivative securities

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

FORD transaction Derivative

Series A-1 Convertible Preferred Stock

Award

Transaction value
Shares: +1,700
Change %
Price
Shares after: 1,700
Date: 05 Jul 2024
Ownership: See footnote
Underlying class: Common Stock
Underlying amount
Exercise price: $7.50
Footnotes: F1, F2

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

The shares of Series A-1 Convertible Preferred Stock (the "PS") are convertible into shares of common stock at $7.50 per share or 226,667 shares (product of stated value of $1,000 and 1,700 shares). The shares of PS have a 19.9% conversion blocker. The PS is perpetual and therefore has no expiration date. The reporting person acquired the shares of PS in consideration for $1.7 million of forgiven payables due to Forward Industries (Asia-Pacific) Corporation.

Footnote F2

The shares of PS and the underlying shares of common stock are indirectly owned by the reporting person through Forward Industries (Asia-Pacific) Corporation.