Pruitt Michael D 4

What Happened

• Michael D. Pruitt, CEO of Forward Industries, Inc. (FWDI), purchased 500 shares of FWDI stock in an open-market transaction on 2026-05-19 at $4.16 per share, for a total cost of $2,080. This was a purchase (a net acquisition), which insiders’ buys can be viewed as a stronger signal than routine sales, though the amount is modest.

Key Details

• Transaction date and price: 2026-05-19, 500 shares at $4.16 each.
• Total value: $2,080.
• Shares owned after transaction: Not specified in the summary provided (see the filed Form 4 for total holdings).
• Footnote: F1 — the shares were purchased through the Reporting Person’s IRA.
• Timeliness: Form 4 was filed with the SEC on 2026-05-19 (the same date as the transaction), indicating a timely filing.

Context

• This was a straightforward open-market purchase (transaction code P). The purchase was made via the CEO’s IRA, which is a common account type for insiders and does not necessarily indicate a change in company policy or compensation. The size of the purchase is small relative to typical insider transactions, so interpret accordingly and review the filed Form 4 for full holdings and any additional detail.