4//SEC Filing
Terence Bernard Wise 4
Accession 0001683168-24-004719
CIK 0000038264other
Filed
Jul 8, 8:00 PM ET
Accepted
Jul 9, 4:05 PM ET
Size
6.5 KB
Accession
0001683168-24-004719
Insider Transaction Report
Form 4
Terence Bernard Wise
10% Owner
Transactions
- Award
Series A-1 Convertible Preferred Stock
2024-07-05+1,700→ 1,700 total(indirect: See footnote)Exercise: $7.50→ Common Stock
Footnotes (2)
- [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.
- [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.
Documents
Issuer
Forward Industries, Inc.
CIK 0000038264
Entity typeother
IncorporatedCA
Related Parties
1- filerCIK 0001536431
Filing Metadata
- Form type
- 4
- Filed
- Jul 8, 8:00 PM ET
- Accepted
- Jul 9, 4:05 PM ET
- Size
- 6.5 KB