Forward Industries (FWDI) CIO Navi Ryan David Receives Award

What Happened Navi Ryan David, Chief Investment Officer of Forward Industries, received 146,956 shares on August 8, 2026 as an award (transaction code A). The filing shows no per-share price or total dollar value (reported as N/A). This was an equity award issued upon satisfaction of a performance milestone rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-08; price per share: N/A; total value: N/A.
• Shares reported acquired: 146,956 (issued under an equity award).
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 — shares were issued upon meeting a performance milestone; F2 — includes restricted stock units (RSUs) that were previously reported and remain subject to vesting.
• Filing timing: Form 4 was filed on 2026-08-17 for the Aug 8 transaction (appears outside the standard 2-business-day reporting window).

Context This was an award/vesting event, not a market purchase or sale. Because some or all shares are RSUs that remain subject to vesting, they may be forfeitable or restricted for a period and do not necessarily indicate immediate insider buying or selling intent. No cashless exercise or sale was reported, and the economic value was not disclosed in the filing.