Company: FWDI
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001683168-25-009068
Chunk: 361

Company: Forward Industries, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 1C
Chunk 361
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 Exchange Act during the fourth quarter
of Fiscal 2025 that materially affected, or are reasonably likely to materially affect, our internal control over
financial reporting.

Report of Independent Registered Public Accounting
Firm 

Because we are a smaller reporting
company, this Annual Report on Form 10-K does not include an attestation report of our independent registered public accounting firm regarding
internal control over financial reporting.

ITEM 9B.     OTHER INFORMATION

During the three months ended
September 30, 2025, no director or officer of the company adopted, modified or terminated a “Rule 10b5-1 trading
arrangement” or “non-rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.

ITEM 9C.     DISCLOSURE REGARDING FOREIGN JURISDICTIONS
THAT PREVENT INSPECTIONS

Not Applicable.

 39 

PART III

ITEM 10.      DIRECTORS, EXECUTIVE OFFICERS
AND CORPORATE GOVERNANCE

The information required by this
item is incorporated by reference to our Proxy Statement for the 2026 Annual Meeting of Shareholders to be filed with the SEC
within 120 days of the fiscal year ended September 30, 2025.

Code of Business Conduct and Ethics

Our Board of Directors has adopted
a Code of Business Conduct and Ethics applicable to all officers, directors and employees, which is available on our website (www.forwardindustries.com)
under “Investors – Governance.” We intend to satisfy the disclosure requirement under Item 5.05 of Form 8-K regarding
amendment to, or waiver from, a provision of our Code of Conduct and by posting such information on the website address and location specified
above.

Insider Trading Arrangements and Policies

The Company has an insider trading
policy governing the purchase, sale and other dispositions of the Company’s securities that applies to all Company personnel, including
directors, officers, employees, and other covered persons, and the Company itself. The Company believes that its insider trading policy
is reasonably designed to promote compliance with insider trading laws, rules and regulations, and any applicable listing standards. A
copy of the Company’s insider trading policy is filed as Exhibit 19.1 to our Annual Report on Form 10-K for the fiscal year ended
September 30, 2024