Key facts
- This page summarizes Cetus Capital VI, L.P.'s Form 4 filing for FORWARD AIR CORP (FWRD).
- 8 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 17 Feb 2026, 21:56.
Cetus Capital VI, L.P. - 20 Oct 2025 Form 4 Insider Report for FORWARD AIR CORP (FWRD)
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- FWRD
- Reported as of
- 20 Oct 2025
- Net transaction value
- -$1,905,162
- SEC form
- 4
- Accepted by SEC
- 17 Feb 2026, 21:56:39 UTC
- Prior SEC filing
- 17 Feb 2026
- Source filing
- View source filing
- Reporting owner signature
- /s/ Robert E. Davis, authorized signatory
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Cetus Capital VI, L.P. filed Form 4 for FORWARD AIR CORP (FWRD) on 17 Feb 2026.
Change
- Previous filing in this sequence was filed on 17 Feb 2026.
- Current net transaction value: -$1,905,162.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reporting Owners (1)
CIK 0001837548
Primary reporting owner
Cetus Capital VI, L.P.
- Relationship
- 10%+ Owner
- Address
- 8 SOUND SHORE DRIVE SUITE 303, GREENWICH
- Signature
- /s/ Robert E. Davis, authorized signatory
- Signature date
- 17 Feb 2026
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
FWRD
transaction
Common Stock
Purchase
- Transaction value
- $3,846,350
- Shares
- +215,000
- Change %
- +6.8%
- Price
- $17.89
- Shares after
- 3,378,709
- Date
- 20 Oct 2025
- Ownership
- Direct
- Footnotes
- F1
FWRD
transaction
Common Stock
Purchase
- Transaction value
- $188,600
- Shares
- +10,000
- Change %
- +0.3%
- Price
- $18.86
- Shares after
- 3,388,709
- Date
- 20 Oct 2025
- Ownership
- Direct
- Footnotes
- F2
FWRD
transaction
Common Stock
Sale
- Transaction value
- $1,632,545
- Shares
- -74,716
- Change %
- -2.2%
- Price
- $21.85
- Shares after
- 3,313,993
- Date
- 06 Nov 2025
- Ownership
- Direct
- Footnotes
- F3, F4
FWRD
transaction
Common Stock
Sale
- Transaction value
- $6,359
- Shares
- -284
- Change %
- -0.01%
- Price
- $22.39
- Shares after
- 3,313,709
- Date
- 06 Nov 2025
- Ownership
- Direct
- Footnotes
- F3, F5
FWRD
transaction
Common Stock
Sale
- Transaction value
- $1,939,500
- Shares
- -90,000
- Change %
- -2.7%
- Price
- $21.55
- Shares after
- 3,223,709
- Date
- 10 Nov 2025
- Ownership
- Direct
- Footnotes
- F3, F6
FWRD
transaction
Common Stock
Sale
- Transaction value
- $679,800
- Shares
- -30,000
- Change %
- -0.93%
- Price
- $22.66
- Shares after
- 3,193,709
- Date
- 10 Nov 2025
- Ownership
- Direct
- Footnotes
- F3, F7
FWRD
transaction
Common Stock
Sale
- Transaction value
- $1,458,109
- Shares
- -67,163
- Change %
- -2.1%
- Price
- $21.71
- Shares after
- 3,126,546
- Date
- 11 Nov 2025
- Ownership
- Direct
- Footnotes
- F3, F8
FWRD
transaction
Common Stock
Sale
- Transaction value
- $223,800
- Shares
- -10,000
- Change %
- -0.32%
- Price
- $22.38
- Shares after
- 3,116,546
- Date
- 12 Nov 2025
- Ownership
- Direct
- Footnotes
- F3, F9
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Cetus Capital VI, L.P. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 9 footnotes
Footnote F1
The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $17.51 to $18.41, 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 acquired at each separate price within the range set forth in this footnote.
Footnote F2
The price reported in Column 4 is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $18.75 to $18.98, 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 acquired at each separate price within the range set forth in this footnote.
Footnote F3
Given that the reporting person's sales of the Issuer's common stock reported herein on November 6, 2025, November 10, 2025, November 11, 2025, and November 12, 2025, together with the reporting person's sales of the Issuer's common stock on October 14, 2025 as 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).
Footnote F4
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.38 to $22.37, 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 acquired at each separate price within the range set forth in this footnote.
Footnote F5
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.38 to $22.40, 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 acquired at each separate price within the range set forth in this footnote.
Footnote F6
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.21 to $22.01, 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 acquired at each separate price within the range set forth in this footnote.
Footnote F7
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.50 to $22.91, 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 acquired at each separate price within the range set forth in this footnote.
Footnote F8
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $21.56 to $21.94, 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 acquired at each separate price within the range set forth in this footnote.
Footnote F9
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $22.08 to $22.45, 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 acquired at each separate price within the range set forth in this footnote.