# EDGAR Filing Document

**Accession Number:** 0000038264
**File Stem:** 0001683168-23-000896
**Filing Date:** 2023-2
**Character Count:** 7893
**Document Hash:** 82470b9840044f3997f07dd1be575109
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001683168-23-000896.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001683168-23-000896

**CONFORMED SUBMISSION TYPE**: SC 13G/A

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Forward Industries, Inc.
- **CENTRAL INDEX KEY:** 0000038264
- **STANDARD INDUSTRIAL CLASSIFICATION:** PLASTICS PRODUCTS, NEC [3089]
- **IRS NUMBER:** 131950672
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-45773
- **FILM NUMBER:** 23631146

**BUSINESS ADDRESS:**
- **STREET 1:** 700 VETERANS MEMORIAL HWY, SUITE 100
- **CITY:** HAUPPAUGE
- **STATE:** NY
- **ZIP:** 11788
- **BUSINESS PHONE:** 561-465-0030

**MAIL ADDRESS:**
- **STREET 1:** 700 VETERANS MEMORIAL HWY, SUITE 100
- **CITY:** HAUPPAUGE
- **STATE:** NY
- **ZIP:** 11788

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FORWARD INDUSTRIES INC
- **DATE OF NAME CHANGE:** 19950105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PROGRESS HEAT SEALING CO INC
- **DATE OF NAME CHANGE:** 19721111
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Shah Sangita
- **CENTRAL INDEX KEY:** 0001634019

**FILING VALUES:**
- **FORM TYPE:** SC 13G/A

**MAIL ADDRESS:**
- **STREET 1:** C/O FORWARD INDUSTRIES, INC.
- **STREET 2:** 477 ROSEMARY AVE., STE. 219
- **CITY:** WEST PALM BEACH
- **STATE:** FL
- **ZIP:** 33401

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 13G**

**(Amendment No. 1)\***

**Under the Securities Exchange Act of 1934**

**Forward Industries, Inc.**

*(Name of Issuer)*

**Common Stock**

*(Title of Class of Securities)*

**349862300**

*(CUSIP Number)*

**December 31, 2022**

*(Date of Event which Requires Filing of this Statement)*

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

---

| | |
|:---|:---|
| ◻ | Rule 13d-1(b) |
| ◻ | Rule 13d-1(c) |
| 🗹 | Rule 13d-1(d) |

---

\*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 349862300 13G Page 2 of 4 Pages

---

| | | |
|:---|:---|:---|
| 1<br>| NAME OF REPORTING PERSONS<br> I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)<br>Sangita Shah | NAME OF REPORTING PERSONS<br> I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)<br>Sangita Shah |
| 2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
|  | (a) ◻ | (a) ◻ |
|  | (b) ◻ | (b) ◻ |
| 3<br>| SEC USE ONLY | SEC USE ONLY |
| 4<br>| CITIZENSHIP OR PLACE OF ORGANIZATION<br>UK | CITIZENSHIP OR PLACE OF ORGANIZATION<br>UK |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER OF**<br> **SHARES**<br> **BENEFICIALLY**<br> **OWNED BY**<br> **EACH**<br> **REPORTING**<br> **PERSON**<br> **WITH** | 5 | SOLE VOTING POWER<br>506,040 (1)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER OF**<br> **SHARES**<br> **BENEFICIALLY**<br> **OWNED BY**<br> **EACH**<br> **REPORTING**<br> **PERSON**<br> **WITH** | 6 | SHARED VOTING POWER<br>105,000 (2)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER OF**<br> **SHARES**<br> **BENEFICIALLY**<br> **OWNED BY**<br> **EACH**<br> **REPORTING**<br> **PERSON**<br> **WITH** | 7 | SOLE DISPOSITIVE POWER<br>506,040 (1)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**NUMBER OF**<br> **SHARES**<br> **BENEFICIALLY**<br> **OWNED BY**<br> **EACH**<br> **REPORTING**<br> **PERSON**<br> **WITH** | 8 | SHARED DISPOSITIVE POWER<br>105,000 (2)<br>|
| 9<br>| AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>611,040 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<br>611,040 |
| 10 | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES |
|  | ◻ | ◻ |
| 11<br>| PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>6.1% (3) | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)<br>6.1% (3) |
| 12<br>| TYPE OF REPORTING PERSON<br>In – Individual | TYPE OF REPORTING PERSON<br>In – Individual |

---

(1) Represents vested stock options.

(2) Represent shares of common stock owned by an entity of which the reporting person shares control with her husband.

(3) Based on 10,061,185 shares outstanding as of December 19, 2022.

CUSIP No. 349862300 13G Page 3 of 4 Pages

**ITEM 1.**

(a) Name of Issuer:
Forward Industries, Inc.

(b) Address of Issuer's
Principal Executive Offices: 700 Veterans Memorial Highway, Suite 100, Hauppauge, NY 11788.

**ITEM 2.**

(a) Name of Person Filing: Sangita Shah

(b) Address of Principal Business Office or, if none, Residence: 24 Courtfield Gardens, Ealing
London, W13 0EZ

(c) Citizenship: United
Kingdom

(d) Title of Class of Securities: Common Stock

(e) CUSIP Number: 349862300

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| | |
|:---|:---|
| **ITEM 3.** | **IF THIS STATEMENT IS FILED PURSUANT TO §§240.13D-1(B) OR 240.13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:** |

---

Not Applicable.

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| | |
|:---|:---|
| **ITEM 4.** | **OWNERSHIP.** |

---

See Item 5 through 9 and 11 of cover page.

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| | |
|:---|:---|
| **ITEM 5.** | **OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.** |

---

Not Applicable.

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| | |
|:---|:---|
| **ITEM 6.** | **OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.** |

---

Not Applicable.

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| | |
|:---|:---|
| **ITEM 7.** | **IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.** |

---

Not Applicable.

---

| | |
|:---|:---|
| **ITEM 8.** | **IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.** |

---

Not Applicable.

---

| | |
|:---|:---|
| **ITEM 9.** | **NOTICE OF DISSOLUTION OF GROUP.** |

---

Not Applicable.

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| | |
|:---|:---|
| **ITEM 10.** | **CERTIFICATION** |

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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

CUSIP No. 349862300 13G Page 4 of 4 Pages

**SIGNATURE**

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

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| | | |
|:---|:---|:---|
| February 14, 2023 | By: | /s/ Sangita Shah |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;Sangita Shah |

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