Company: FWDI
Filing Date: 2025-09-18
Form Type: S-8
Source: 0001683168-25-007107
Chunk: 8

Company: Forward Industries, Inc.
Filing Date: 2025-09-18
Form: S-8
Chunk 8
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 this reoffer                                                                        
 prospectus represent shares underlying stock options exercisable at $6.37 per share that vest on June 1, 2026.                            |
| (6) | Ms. Shah is a director. Shares offered pursuant to this reoffer prospectus                                                                
 include (i) 1,947 shares underlying stock options exercisable at $23.90 per share, (ii) 2,777 shares underlying stock options exercisable 
 at $15.60 per share, (iii) 2,463 shares underlying stock options exercisable at $17.20 per share, (iv) 2,807 shares underlying stock      
 options exercisable at $14.70 per share, (v) 4,158 shares underlying stock options exercisable at $10.30 per share, (vi) 11,081 shares    
 underlying stock options exercisable at $7.60 per share, (vii) 50,000 shares of Common Stock, (viii) 24,010 shares underlying stock       
 options exercisable at $3.73 per share that vest on October 1, 2025 and (ix) 12,147 shares underlying stock options exercisable at        
 $6.37 per share that vest on June 1, 2026.                                                                                                |
| (7) | Ms. Weisberg is an executive officer. Shares offered pursuant to this                                                                     
 reoffer prospectus represent shares underlying stock options exercisable at $18.50 per share.                                             |
| (8) | Mr. Wild is an executive officer of one of our subsidiaries. Shares                                                                       
 offered pursuant to this reoffer prospectus include: (i) 1,364 shares underlying stock options exercisable at $15.60 per share and        
 (ii) 1,380 shares underlying stock options exercisable at $14.70 per share.                                                               |

| 3 |

<div align='center'>PLAN OF DISTRIBUTION</div>

The shares of Common Stock covered by this reoffer
prospectus are being registered for the account of the Selling Shareholders.

The shares of Common Stock offered may be sold
from time to time directly by or on behalf of each Selling Shareholder in one or more transactions on The Nasdaq Capital Market or any
other stock exchange on which the Common Stock may be listed at the time of sale, in privately negotiated transactions, or through a combination
of such methods, at market prices prevailing at the time of sale, at prices related to such