Company: FWDI
Filing Date: 2025-06-10
Form Type: PRE 14A
Source: 0001683168-25-004370
Chunk: 28

Company: Forward Industries, Inc.
Filing Date: 2025-06-10
Form: PRE 14A
Chunk 28
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 the Company is required to prepare an accounting restatement due to material noncompliance
with any financial reporting requirement under the securities laws, regardless of whether individual fault is established.

| 18 |

Equity Compensation Plan Information

The following table reflects
the number of securities authorized for issuance under our equity compensation plans, including the number of securities to be issued
upon exercise of outstanding awards and the weighted average exercise price for such awards, as of September 30, 2024.

| Name of Plan                                               
 Equity compensation plans approved by security holders     |     | Number of Securities to be Issued Upon Exercise of Outstanding Options, Restricted Stock Units, warrants and rights 
 (a)                                                                                                                 |        |     | Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights 
 ($)(b)                                                                      |       |     | Number of Securities Remaining Available for Future Issuance Under Compensation Plans (excluding securities reflected in column (a)) 
 (c)                                                                                                                                  |           |
|:-----------------------------------------------------------|:----|:--------------------------------------------------------------------------------------------------------------------|-------:|:----|:----------------------------------------------------------------------------|------:|:----|:-------------------------------------------------------------------------------------------------------------------------------------|----------:|
| 2021 Equity Incentive Plan                                 |     |                                                                                                                     | 48,188 |     | $                                                                           | 11.47 |     |                                                                                                                                      | 1,242,808 |
| 2011 Long Term Incentive Plan                              |     |                                                                                                                     | 33,241 |     | $                                                                           | 13.15 |     |                                                                                                                                      |         – |
| Equity compensation plans not approved by security holders |     |                                                                                                                     |      – |     |                                                                             |     – |     |                                                                                                                                      |         – |
| Total                                                      |     |                                                                                                                     | 81,429 |     |                                                                             |       |     |                                                                                                                                      | 1,242,808 |

No more securities are being issued
under the 2011 Long Term Incentive Plan.

The Company’s Policies and Practices Related to the Grant of Certain Equity Awards Close in Time to the Release of Material Nonpublic Information

The Company maintains practices
regarding the timing of equity-based compensation grants to executive officers, though it does not have a formal written policy governing
such grants. The timing of any equity grants to executive officers in connection with new hires, promotions, or other non-routine grants
is tied to the event giving rise to the award (such as an executive officer’s commencement of employment or promotion effective
date).