Terence Bernard Wise 4
4 · Forward Industries, Inc. · Filed Jul 9, 2024
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.