Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 26

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 26
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 Effective June 1, 2025, Ms. Weisberg’s annual base salary was increased to $275,000.

Retirement Plans

The Company has a 401(k) plan
and provides an employer matching contribution, for all of its employees, including Named Executive Officers. The Company does not offer
any nonqualified pension plans, supplemental executive retirement plans, or other plans that provide for the payment of retirement benefits.

| 17 |

Outstanding Awards at Fiscal Year End

Listed below is information with
respect to unexercised options, stock that has not vested, and equity incentive plan awards for each Named Executive Officer outstanding
as of September 30, 2024:

<div align='center'>Outstanding Equity Awards At Fiscal Year-End 2024</div>

| Name (a)          |     |         Number of Securities Underlying 
 Unexercised Options (#) Exercisable (b) |     | Number of Securities Underlying           
 Unexercised Options (#) Unexercisable (c) |     | Equity Incentive Plan                                                
 Awards: Number of Securities Underlying Unexercised Unearned Options 
 (#)(d)                                                               |     | Option Exercise Price 
                ($)(e) |     | Option Expiration Date 
 (f)                    |     | Number of Shares or Units            
 of Stock That Have Not Vested (#)(g) |     | Market Value of Shares                        
 or Units of Stock That Have Not Vested ($)(h) |     | Equity Incentive Plan                                                         
 Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested 
 (#)(i)                                                                        |     | Equity Incentive Plan                                                                         
 Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested 
 ($)(j)                                                                                        |
| Terence Wise      |     |                                  18,040 |     | –                                         |     | –                                                                    |     |                 14.00 |     | 9/14/2025              |     | –                                    |     | –                                             |     | –                                                                             |     | –                                                                                             |
| Robert Wild       |     |                                   1,364 |     | –                                         |     | –                                                                    |     |                 15.60 |     | 1/1/2027               |     | –                                    |     | –                                             |     | –                                                                             |     | –                                                                                             |
|                   |     |