Company: FWDI
Filing Date: 2025-08-15
Form Type: DEF 14A
Source: 0001683168-25-006240
Chunk: 13

Company: Forward Industries, Inc.
Filing Date: 2025-08-15
Form: DEF 14A
Chunk 13
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 Principal Holders Thereof

The following table sets forth
the number of shares of our common stock beneficially owned as of the record date by (i) those persons known by us to be owners of more
than 5% of our common stock, (ii) each director, (iii) our Named Executive Officers, and (iv) all of our executive officers and directors
as a group. Unless otherwise specified in the notes to this table, the address for each person is: c/o Forward Industries, Inc., 700 Veterans
Memorial Highway, Suite 100, Hauppauge, New York 11788. Applicable percentages are based on 1,718,181 shares outstanding as of the record
date. Beneficial ownership is determined under the rules of the SEC and generally includes voting or investment power with respect to
securities. Shares of common stock underlying options, preferred stock and warrants, currently exercisable or convertible, or exercisable
or convertible within 60 days of the record date are deemed outstanding for computing the percentage of the person holding such securities
but are not deemed outstanding for computing the percentage of any other person. Unless otherwise indicated in the footnotes to this table,
Forward believes that each of the shareholders named in the table has sole voting and investment power with respect to the shares of common
stock indicated as beneficially owned by them. The table includes only vested options and warrants or options and warrants that have or
will vest and become exercisable within 60 days of the record date.

| Title of Class                          |     | Beneficial                                                  
 Owner                                                       |     | Amount of  
 Beneficial 
 Ownership  |         |     | Percent      
 Beneficially 
 Owned        |       |
| Directors and Named Executive Officers: |     |                                                             |     |            |         |     |              |       |
| Common Stock                            |     | Michael Pruitt (1)                                          |     |            |       0 |     |              | 0%    |
| Common Stock                            |     | Kathleen Weisberg (2)                                       |     |            |       0 |     |              | 0%    |
| Common Stock                            |     | Terence Wise (3)                                            |     |            | 340,200 |     |              | 19.9% |
| Common Stock                            |     | Robert Wild (4)                                             |     |            |   3,241 |     |              | *     |
| Common Stock                            |     | Tom