Johnson Keith J 4

What Happened
Keith J. Johnson, a director of Forward Industries, Inc. (FWDI), received a derivative award covering 150,000 shares reported on a Form 4 with a transaction date of 2026-03-10 (filed 2026-03-12). The filing shows no exercise price or immediate cash value (price: N/A), indicating this is a grant of equity-based compensation (stock option or similar) rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (timely filing).
• Quantity: 150,000 shares (derivative award). Price: N/A (no dollar value reported on the form).
• Shares owned after transaction: not specified in this filing.
• Footnote F1: The award vests in four equal quarterly installments, with the first vesting on June 11, 2026, subject to continued service as a director.
• Footnote F2: Not applicable.

Context
This was an equity grant (derivative award such as options) for compensation—common for directors—and does not represent an immediate market buy or sell. Because vesting is tied to continued service, the shares/options are not fully exercisable or transferable until they vest. The lack of a reported price means the filing does not state the strike price or immediate market value.