Company: FWDI
Filing Date: 2025-09-18
Form Type: S-8
Source: 0001683168-25-007107
Chunk: 3

Company: Forward Industries, Inc.
Filing Date: 2025-09-18
Form: S-8
Chunk 3
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='center'>FORWARD INDUSTRIES, INC.</div>

This prospectus relates to the reoffer and
resale of up to 376,607 shares of common stock, par value $0.01 per share (the “Common Stock”) of Forward Industries,
Inc. (the “Company”) that may be reoffered or resold, from time to time, by certain selling shareholders (the
“Selling Shareholders”) described in this reoffer prospectus, including the shares of Common Stock that have been
acquired or may hereafter be acquired by the Company’s directors and executive officers deemed to be our
“affiliates,” as that term is defined in Rule 405 under the Securities Act of 1933 (the “Securities Act”),
pursuant to the Plans. The names of the Selling Shareholders and the amount of shares of Common Stock available to be resold are
set forth below under the caption “Selling Shareholders” to the extent we presently have such information. Additionally,
other affiliate Selling Shareholders may elect to sell shares under this reoffer prospectus as they receive them from time to time
in the future in which case, as their names and amounts of shares to be reoffered become known, we will supplement this reoffer
prospectus with that information. See “Selling Shareholders” beginning on page 3.

The Selling Shareholders may sell the shares of
Common Stock, from time to time, as they may determine through public or private transactions or through other means described in the
section entitled “Plan of Distribution” at prevailing market prices on The Nasdaq Capital Market (or such other available
market), at prices different than prevailing market prices or at privately negotiated prices. The Selling Shareholders may sell the shares
of Common Stock directly, or may sell them through brokers or dealers.

The shares of Common Stock registered for resale
include shares underlying Options that are not yet vested. Such shares may not be resold until the Options vest and the shares of Common
Stock are issued.

We will not receive any of the proceeds from
the sale of these shares of Common Stock by the Selling Shareholders. We will however receive the exercise price of the options at the
time of their exercise. We have agreed to pay all expenses relating to the registration of these shares of Common Stock. The Selling
Shareholders will pay any brokerage commissions and/or similar charges incurred in connection with the sale of these shares of Common
Stock.

Our Common Stock