Quinn Georgia P 4

What Happened

• Georgia P. Quinn, General Counsel of Forward Industries, was awarded equity on March 8, 2026. The Form 4 reports two acquisitions: 293,911 shares at $0.00 and 293,912 derivative securities (restricted stock units), for a total of 587,823 units. No cash was paid for these awards (reported value $0).
• These awards are compensation (not an open-market purchase or sale) and therefore are not an immediate bullish or bearish trading signal; they represent a contingent right to receive shares subject to vesting.

Key Details

• Transaction date: 2026-03-08; Form 4 filed 2026-03-10 (filed within the typical two-business-day reporting window).
• Reported items: 293,911 shares acquired at $0.00 and 293,912 derivative securities (RSUs) with no price reported.
• Total units granted: 587,823.
• Shares owned after transaction: not specified in the information provided.
• Notable footnotes:
  • F1: The derivative securities are restricted stock units (RSUs); each RSU represents a contingent right to receive one share upon vesting.
  • F2: Vesting schedule — 25% vests on November 17, 2026; the remaining 75% vests in 12 equal quarterly installments through November 17, 2029, subject to continued service.
  • F3/F4: Other footnotes provided in the filing (F3 relates to option exercise prices referenced elsewhere; F4 not applicable).

Context

• RSUs convert into actual shares only as they vest; there is no immediate share sale or cash received upon grant. This is standard executive compensation/retention practice rather than trading activity.
• For retail investors, grants indicate company-level decisions on compensation and retention but do not directly signal the insider’s intent to buy or sell stock.