Company: FWDI
Filing Date: 2025-11-03
Form Type: 424B5
Source: 0001683168-25-007923
Chunk: 28

Company: Forward Industries, Inc.
Filing Date: 2025-11-03
Form: 424B5
Chunk 28
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 distribution or other
transfer, may, from time to time, sell, transfer or otherwise dispose of any or all of their Shares or interests in the Shares on any
stock exchange, market or trading facility on which the shares are traded or in private transactions. These dispositions may be at fixed
prices, at prevailing market prices at the time of sale, at prices related to the prevailing market price, at varying prices determined
at the time of sale, or at negotiated prices.

The selling shareholders may
use any one or more of the following methods when disposing of Shares or interests therein:

| · | distributions to members, partners, shareholders or other equityholders of the selling shareholders;          |
| · | ordinary brokerage transactions and transactions in which the broker-dealer solicits purchasers;              |
| · | block trades in which the broker-dealer will attempt to sell the Shares as agent, but may position and        
 resell a portion of the block as principal to facilitate the transaction;                                     |
| · | purchases by a broker-dealer as principal and resale by the broker-dealer for its account;                    |
| · | an exchange distribution in accordance with the rules of the applicable exchange;                             |
| · | privately negotiated transactions;                                                                            |
| · | short sales and settlement of short sales entered into after the effective date of the registration statement 
 of which this prospectus supplement is a part;                                                                |
| · | through the writing or settlement of options or other hedging transactions, whether through an options        
 exchange or otherwise;                                                                                        |
| · | broker-dealers may agree with the selling shareholders to sell a specified number of such Shares at a         
 stipulated price per share;                                                                                   |
| · | a combination of any such methods of sale; and                                                                |
| · | any other method permitted pursuant to applicable law.                                                        |

The selling shareholders may,
from time to time, pledge or grant a security interest in some or all of the Shares owned by them and, if they default in the performance
of their secured obligations, the pledgees or secured parties may offer and sell the Shares, from time to time, under this prospectus
supplement, or under an amendment to this prospectus supplement under Rule 424(b)(3) or other applicable provision of the Securities Act,
by amending the list of selling shareholders to include the pledgee, transferee or other successors in interest as selling shareholders
under this prospectus supplement. The selling shareholders also may transfer the Shares in other circumstances, in which case the