Pruitt Michael D 4

What Happened

• Michael D. Pruitt, CEO of Forward Industries, was granted a derivative award for 100,000 shares (reported as an A-type grant) on March 10, 2026. The filing lists the award as a derivative instrument (stock options/award); no per-share price or total dollar value is provided in the Form 4.

Key Details

• Transaction date: 2026-03-10; Form 4 filed: 2026-03-12 (timely filing).
• Award size: 100,000 shares (derivative award/options). Price: N/A in the filing.
• Vesting: Four equal quarterly installments, with the first vesting date on June 11, 2026, subject to continued service as a director on each vesting date (footnote).
• Shares owned after the transaction: not disclosed in this filing.
• Transaction type code: A (grant/award). No 10b5-1 plan or tax withholding noted.

Context

• This is a grant of a derivative award (options/stock award) rather than an open-market purchase or sale; such grants are commonly used for compensation and retention. The award vests over four quarterly installments beginning June 11, 2026, meaning the recipient must remain in service to realize the full award.