Michael B. Hodge - 09 Jul 2024 Form 4 Insider Report for FORWARD AIR CORP (FWRD)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
11 Jul 2024, 21:19:47 UTC
Prior SEC filing
04 Jun 2024
Next SEC filing
06 Aug 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Michael L. Hance, Attorney-in-Fact

Key filing fact

Michael B. Hodge filed Form 4 for FORWARD AIR CORP (FWRD) on 11 Jul 2024.

Key facts

  • This page summarizes Michael B. Hodge's Form 4 filing for FORWARD AIR CORP (FWRD).
  • 3 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 11 Jul 2024, 21:19.

Change

  • Previous filing in this sequence was filed on 04 Jun 2024.
  • 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.

FWRD transaction Derivative

Series B Preferred Units

Other

Transaction value
$0
Shares
+21,788
Change %
+7%
Price
$0.000000
Shares after
334,131
Date
09 Jul 2024
Ownership
By LLC
Underlying class
Common Stock
Underlying amount
21,788
Exercise price
$0.000000
Footnotes
F1, F2
FWRD transaction Derivative

Class B Units

Other

Transaction value
$0
Shares
+21,788
Change %
+7%
Price
$0.000000
Shares after
334,131
Date
09 Jul 2024
Ownership
By LLC
Underlying class
Common Stock
Underlying amount
21,788
Exercise price
$0.000000
Footnotes
F3, F4
FWRD transaction Derivative

Series C-2 Units

Other

Transaction value
$0
Shares
+37,678
Change %
+7%
Price
$0.000000
Shares after
577,864
Date
09 Jul 2024
Ownership
By LLC
Underlying class
Class B Units
Underlying amount
37,678
Exercise price
$0.000000
Footnotes
F5, F6
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

Reflects 21,788 Series B Preferred Units acquired by EVE Omni Investor, LLC (the "LLC") pursuant to a transfer from J.S. International Shipping Corp. (the "Series B Transfer"). The Series B Transfer was effective as of July 9, 2024 and made pursuant to a certain profit sharing agreement between the LLC and J.S. International Shipping Corp.

Footnote F2

Represents Series B Preferred Units held by the LLC. Series B Preferred Units and corresponding Opco Class B Units are exchangeable at the option of the holder into shares of the Issuer's common stock. The Series B Preferred Units do not have an expiration date. The reporting person is the manager of the LLC. The reporting person disclaims beneficial ownership of the securities held by the LLC, except to the extent of his pecuniary interest therein.

Footnote F3

Reflects 21,788 Opco Class B Units acquired by the LLC pursuant to a transfer from J.S. International Shipping Corp. (the "Opco Class B Transfer"). The Opco Class B Transfer was effective as of July 9, 2024 and made pursuant to a certain profit sharing agreement between the LLC and J.S. International Shipping Corp.

Footnote F4

Represents Opco Class B Units held by the LLC. Series B Preferred Units and corresponding Opco Class B Units are exchangeable into shares of the Issuer's common stock. The Opco Class B Units do not have an expiration date. The reporting person is the manager of the LLC. The reporting person disclaims beneficial ownership of the securities held by the LLC, except to the extent of his pecuniary interest therein.

Footnote F5

Reflects 37,678 Opco Series C-2 Units acquired by the LLC pursuant to a transfer from J.S. International Shipping Corp. (the "Opco Series C-2 Transfer"). On June 3, 2024, in accordance with the applicable rules of the Nasdaq Stock Market LLC, the Issuer's shareholders approved the conversion of the Opco Series C-2 Units into Series B Preferred Units and corresponding Opco Class B Units (which together are exchangeable into the Issuer's common stock). The Opco Series C-2 Transfer was effective as of July 9, 2024 and made pursuant to a certain profit sharing agreement between the LLC and J.S. International Shipping Corp.

Footnote F6

Represents Opco Series C-2 Units held by the LLC. The Opco Series C-2 Units will automatically convert into a corresponding number of Opco Class B Units and Series B Preferred Units upon receipt of approval from the Issuer's shareholders. The Opco Series C-2 Units do not have an expiration date. The reporting person is the manager of the LLC. The reporting person disclaims beneficial ownership of the securities held by the LLC, except to the extent of his pecuniary interest therein.

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