Multicoin Capital Management, LLC - 18 Mar 2026 Form 4/A - Amendment Insider Report for Forward Industries, Inc. (FWDI)

Reporting relationship: 10%+ Owner
Issuer ticker: FWDI
Reported as of: 18 Mar 2026
Net transaction value: $0
SEC form: 4/A - Amendment
Accepted by SEC: 08 Apr 2026, 17:04:49 UTC
Original report date: 12 Sep 2025
Prior SEC filing: 18 Sep 2025
Source filing: View source filing
Reporting owner signature: MULTICOIN CAPITAL MANAGEMENT, LLC, By: /s/ Pyahm Samani, Managing Partner

Key filing fact

Multicoin Capital Management, LLC filed Form 4/A - Amendment for Forward Industries, Inc. (FWDI) on 08 Apr 2026.

Key facts

This page summarizes Multicoin Capital Management, LLC's Form 4/A - Amendment filing for Forward Industries, Inc. (FWDI).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 08 Apr 2026, 17:04.

Change

Previous filing in this sequence was filed on 18 Sep 2025.
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/A - Amendment disclosures.

View source filing

Reporting Owners (3)

CIK 0002017172 Primary reporting owner

Multicoin Capital Management, LLC

Relationship: 10%+ Owner
Address: 501 WEST AVENUE, SUITE 3901, AUSTIN
Signature: MULTICOIN CAPITAL MANAGEMENT, LLC, By: /s/ Pyahm Samani, Managing Partner
Signature date: 08 Apr 2026

CIK 0002086559

Multicoin Capital Master Fund, LP

Relationship: 10%+ Owner
Address: C/O SERVICES CAYMAN LIMITED, P.O. BOX, 10008, PAVILION EAST, CRICKET SQUARE, GRAND CAYMAN, CAYMAN ISLANDS
Signature: MULTICOIN CAPITAL MASTER FUND, LP, By: Multicoin Capital Fund GP I, LLC, its general partner, By: Multicoin Capital GP, LLC, its managing member, By: /s/ Tushar Jain, Manager
Signature date: 08 Apr 2026

CIK 0001868193

Jain Tushar

Relationship: 10%+ Owner
Address: 501 WEST AVENUE, SUITE 3901, AUSTIN
Signature: /s/ Tushar Jain
Signature date: 08 Apr 2026

Reported non-derivative transactions

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

FWDI transaction

Common Stock, par value $0.01 per share

Disposed to Issuer

Transaction value
Shares: -6,164,324
Change %: -78%
Price: $4.44^*
Shares after: 1,783,519
Date: 18 Mar 2025
Ownership: See Footnote
Footnotes: F1, F2, F3, F4

FWDI transaction

Common Stock, par value $0.01 per share

Disposed to Issuer

Transaction value
Shares: -6,164,324
Change %: -78%
Price: $4.44^*
Shares after: 1,783,519
Date: 18 Mar 2025
Ownership: See Footnote
Footnotes: F1, F2, F3, F4

FWDI transaction

Common Stock, par value $0.01 per share

Disposed to Issuer

Transaction value
Shares: -6,164,324
Change %: -78%
Price: $4.44^*
Shares after: 1,783,519
Date: 18 Mar 2025
Ownership: See Footnote
Footnotes: F1, F2, F3, F4

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Multicoin Capital Management, LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote F1

On March 18, 2026, Multicoin Capital Master Fund, LP, a Cayman Islands limited partnership ("MCMF LP") entered into a Securities Repurchase Agreement (the "Repurchase Agreement") with the Issuer, pursuant to which the Issuer repurchased 6,164,324 shares of the Issuer's common stock, par value $0.01 per share ("Common Stock") from MCMF LP (the "Repurchased Shares") for an aggregate purchase price of $27,369,598.56.

Footnote F2

As a result of the Repurchase Agreement, the Reporting Persons (as defined below) may be deemed to be the beneficial owners of 1,783,519 shares of Common Stock (the "MCM Securities").

Footnote F3

In addition to Multicoin Capital Management, LLC, a Texas limited liability company ("MCM LLC") this Form 4 is being filed jointly by MCMF LP and Tushar Jain, a citizen of the United States of America ("Mr. Jain") (collectively, the "Reporting Persons").

Footnote F4

MCM LLC, as the investment adviser to MCMF LP, may be deemed to be the beneficial owner of the MCM Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. By virtue of Mr. Jain's position as ultimately controlling MCM LLC and MCMF LP, Mr. Jain may be deemed to be the beneficial owner of the MCM Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the MCM Securties, except to the extent of any pecuniary interest therein.

SEC remarks

Pyahm Samani ceased to be affiliated with the Reporting Persons on January 31, 2026 and is not a reporting person on this Form 4.