Company: FWDI
Filing Date: 2025-06-20
Form Type: DEF 14A
Source: 0001683168-25-004653
Chunk: 28

Company: Forward Industries, Inc.
Filing Date: 2025-06-20
Form: DEF 14A
Chunk 28
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piration Date 
 (f)                    |     | Number of Shares or Units            
 of Stock That Have Not Vested (#)(g) |     | Market Value of Shares                        
 or Units of Stock That Have Not Vested ($)(h) |     | Equity Incentive Plan                                                         
 Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested 
 (#)(i)                                                                        |     | Equity Incentive Plan                                                                         
 Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested 
 ($)(j)                                                                                        |
| Terence Wise      |     |                                  18,040 |     | –                                         |     | –                                                                    |     |                 14.00 |     | 9/14/2025              |     | –                                    |     | –                                             |     | –                                                                             |     | –                                                                                             |
| Robert Wild       |     |                                   1,364 |     | –                                         |     | –                                                                    |     |                 15.60 |     | 1/1/2027               |     | –                                    |     | –                                             |     | –                                                                             |     | –                                                                                             |
|                   |     |                                   1,380 |     | –                                         |     | –                                                                    |     |                 14.70 |     | 7/1/2027               |     | –                                    |     | –                                             |     | –                                                                             |     | –                                                                                             |
| Paul Severino     |     |                                       – |     | –                                         |     | –                                                                    |     |                     – |     | –                      |     | –                                    |     | –                                             |     | –                                                                             |     | –                                                                                             |
| Tom KraMer        |     |                                       – |     | –                                         |     | –                                                                    |     |                     – |     | –                      |     | –                                    |     | –                                             |     | –                                                                             |     | –                                                                                             |
| Kathleen Weisberg |     |                                       – |     | –                                         |     | –                                                                    |     |                     – |     | –                      |     | –                                    |     | –                                             |     | –                                                                             |     | –                                                                                             |

Risk Assessment Regarding Compensation Policies and Practices as they Relate to Risk Management

Based on our assessment, we have
determined that our compensation program for employees: (i) is designed to discourage excessive risk-taking by our employees; and (ii