Company: FWDI
Filing Date: 2025-01-17
Form Type: 10-K/A
Source: 0001683168-25-000424
Chunk: 15

Company: Forward Industries, Inc.
Filing Date: 2025-01-17
Form: 10-K/A
Chunk 15
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 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  |     |                                                         | – |     |                                                        | – |     |                                                          | – |     |                                                                | – |
|                   |     |                                                     |  1,380 |     |                                                     | – |     |                                                               | – |     |                       | 14.70 |     |                        | 7/1/2027  |     |                                                         | – |     |                                                        | – |     |                                                          | – |     |                                                                | – |
| Paul Severino     |     |                                                     |      – |     |                                                     | – |     |                                                               | – |     |                       |     – |     |                        | –         |     |                                                         | – |     |                                                        | – |     |                                                          | – |     |                                                                | – |
| Tom KraMer        |     |                                                     |      – |     |                                                     | – |     |                                                               | – |     |                       |     – |     |                        | –         |     |                                                         | – |     |                                                        | – |     |                                                          | – |     |                                                                | – |
| Kathleen Weisberg |     |                                                     |      – |     |                                                     | – |     |                                                               | – |     |                       |     – |     |                        | –         |     |                                                         | – |     |                                                        | – |     |                                                          | – |     |                                                                | – |

| 8 |

Risk Assessment Regarding Compensation Policies and Practices as they Relate to Risk Management

Our compensation program
for employees does not create incentives for excessive risk taking by our employees or involve risks that are reasonably likely to have
a material adverse effect on us.