Multicoin Capital Management, LLC - 11 Sep 2025 SCHEDULE 13D Report for Forward Industries, Inc. Common Stock, par value $0.01 per share (FORD)

Filing manager: Multicoin Capital Management, LLC
Reporting owner: Pyahm Samani
Security: Forward Industries, Inc. Common Stock, par value $0.01 per share
Beneficially owned shares: 13,757,991 shares
Large-stake signal: Form
SCHEDULE 13D
Active or control-oriented beneficial ownership filing.
Ownership
16%
Beneficial ownership of this reported class.
Shares
13,757,991 shares
Shares beneficially owned as disclosed.
Event date
11 Sep 2025
Date tied to the ownership event or amendment.
Accepted by SEC
18 Sep 2025
EDGAR acceptance date.
How to read this large-stake filing
Schedule 13D/G filings focus on beneficial ownership stakes, not a full portfolio.
Compare this filing with the holder history and issuer page before treating the percentage as a current position.
Use amendments to understand whether the disclosed stake increased, decreased, or changed reporting status.
Class ownership: 16%
Symbol: FORD
Shares outstanding: 87,630,516 shares
SEC form: SCHEDULE 13D
Accepted by SEC: 18 Sep 2025, 16:01:02 UTC
Event date: 11 Sep 2025
Next SEC filing: 08 Apr 2026
Source filing: View source filing

Key filing fact

Multicoin Capital Management, LLC disclosed 16% ownership in Forward Industries, Inc. Common Stock, par value $0.01 per share (FORD) on 11 Sep 2025.

Key facts

Multicoin Capital Management, LLC filed SCHEDULE 13D for Forward Industries, Inc. Common Stock, par value $0.01 per share (FORD).
Disclosed ownership: 16%.
Date of event: 11 Sep 2025.

This page turns one Schedule 13D/G filing into a quick large-stake read before the raw reporting-person rows.
Use the linked SEC filing as the source of truth for ownership percentages, shares, and reporting-party details.

Backed by Schedule 13D/13G

Beneficial ownership values are sourced from the original SEC Schedule 13D/13G filing.

Reporting persons

Names, ownership percentages, voting power, signatures, titles, and CIKs as disclosed in this Schedule 13D/G filing.

Name	Ownership	Shares owned	Sole voting power	Shared voting power	Signature	Title	CIK
Multicoin Capital Management, LLC	14%	12,406,639	0	12,406,639	/s/ Pyahm Samani	Pyahm Samani/Manager	0002017172
Multicoin Capital Master Fund, LP	14%	12,406,639	0	12,406,639	/s/ Pyahm Samani	Pyahm Samani/Manager of Multicoin Capital GP, LLC, Managing Member of Multicoin Capital Fund GP I, LLC, its General Partner
Pyahm Samani	16%	13,757,991	1,351,352	12,406,639	/s/ Pyahm Samani	Pyahm Samani
Tushar Jain	14%	12,406,639	0	12,406,639	/s/ Tushar Jain	Tushar Jain

CIK / CUSIP context first

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