Forward Industries, Inc. SEC filings document its Nasdaq-listed common stock, governance matters and capital-structure actions as it operates a Solana-focused digital asset treasury company. Recent Form 8-K disclosures cover material definitive agreements, including securities repurchases, as well as unregistered equity securities tied to compensatory grants.
The company’s filings also record executive appointments, officer compensation arrangements and annual proxy matters. Definitive proxy statements provide formal governance and shareholder-voting disclosures for the Texas-incorporated registrant, while current reports capture corporate events affecting financial reporting, leadership and common-stock capitalization.
Forward Industries’ major holder Multicoin Capital and related entities have fully exited their reported position. As of April 30, 2026, Multicoin Capital Management LLC, Multicoin Capital Master Fund and Tushar Jain each report beneficial ownership of 0 shares of common stock, representing 0.0% of the company.
On May 5, 2026, Multicoin Capital Master Fund LP transferred 1,783,519 shares of common stock to Lemmings Holdings, LLC at $4.43 per share. On April 30, 2026, it also assigned 4,458,796 Lead Investor Warrants to Lemmings Holdings, LLC at $3.91 per warrant. This amendment is described as a final “exit filing” for the reporting persons.
Forward Industries’ major holder Multicoin Capital and related entities have fully exited their reported position. As of April 30, 2026, Multicoin Capital Management LLC, Multicoin Capital Master Fund and Tushar Jain each report beneficial ownership of 0 shares of common stock, representing 0.0% of the company.
On May 5, 2026, Multicoin Capital Master Fund LP transferred 1,783,519 shares of common stock to Lemmings Holdings, LLC at $4.43 per share. On April 30, 2026, it also assigned 4,458,796 Lead Investor Warrants to Lemmings Holdings, LLC at $3.91 per warrant. This amendment is described as a final “exit filing” for the reporting persons.
Forward Industries, Inc. filed a report describing new equity awards for its recently appointed Chief Financial Officer, Mark Brazier. On April 16, 2026, the board’s Compensation Committee approved grants of company equity to Mr. Brazier, with each award requiring his continued service through the applicable vesting dates. The same equity grants are also treated as an unregistered sale of equity securities for disclosure purposes.
Forward Industries, Inc. filed a report describing new equity awards for its recently appointed Chief Financial Officer, Mark Brazier. On April 16, 2026, the board’s Compensation Committee approved grants of company equity to Mr. Brazier, with each award requiring his continued service through the applicable vesting dates. The same equity grants are also treated as an unregistered sale of equity securities for disclosure purposes.
Forward Industries, Inc. reported that Chief Financial Officer Mark Christopher Brazier received new equity awards. He was granted 275,000 restricted stock units, each representing one future share of common stock upon vesting, and 275,000 stock options under the company’s 2021 Equity Incentive Plan.
The awards were approved by the Compensation Committee and are exempt from Section 16(b) under Rule 16b-3. The securities vest 25% on April 13, 2027, with the remaining 75% vesting in 12 equal quarterly installments, contingent on continued service. Half the options carry a $9.18 exercise price and half a $13.77 exercise price, expiring in 2036.
Forward Industries, Inc. reported that Chief Financial Officer Mark Christopher Brazier received new equity awards. He was granted 275,000 restricted stock units, each representing one future share of common stock upon vesting, and 275,000 stock options under the company’s 2021 Equity Incentive Plan.
The awards were approved by the Compensation Committee and are exempt from Section 16(b) under Rule 16b-3. The securities vest 25% on April 13, 2027, with the remaining 75% vesting in 12 equal quarterly installments, contingent on continued service. Half the options carry a $9.18 exercise price and half a $13.77 exercise price, expiring in 2036.
Forward Industries, Inc. filed an initial Form 3 for Chief Financial Officer Mark Christopher Brazier. The filing identifies him as an officer but lists no reportable transactions or derivative positions, serving as a baseline disclosure of his status as an insider of the company.
Forward Industries, Inc. filed an initial Form 3 for Chief Financial Officer Mark Christopher Brazier. The filing identifies him as an officer but lists no reportable transactions or derivative positions, serving as a baseline disclosure of his status as an insider of the company.
Forward Industries, Inc. shareholder Multicoin Capital entities and Tushar Jain filed an amended Schedule 13D after a large share repurchase by the company. On March 18, 2026, Forward Industries repurchased 6,164,324 shares of its common stock from Multicoin Capital Master Fund at $4.44 per share under a Securities Repurchase Agreement.
After this transaction, Multicoin Capital Management, Multicoin Capital Master Fund and Tushar Jain report beneficial ownership of 6,242,315 shares of common stock, including 4,458,796 shares issuable upon exercise of Lead Investor Warrants. This stake represents about 7.0% of Forward Industries’ outstanding common stock as of January 31, 2026, and is held with shared voting and dispositive power among the reporting persons.
Forward Industries, Inc. shareholder Multicoin Capital entities and Tushar Jain filed an amended Schedule 13D after a large share repurchase by the company. On March 18, 2026, Forward Industries repurchased 6,164,324 shares of its common stock from Multicoin Capital Master Fund at $4.44 per share under a Securities Repurchase Agreement.
After this transaction, Multicoin Capital Management, Multicoin Capital Master Fund and Tushar Jain report beneficial ownership of 6,242,315 shares of common stock, including 4,458,796 shares issuable upon exercise of Lead Investor Warrants. This stake represents about 7.0% of Forward Industries’ outstanding common stock as of January 31, 2026, and is held with shared voting and dispositive power among the reporting persons.
Forward Industries, Inc. entered into a Securities Repurchase Agreement with Multicoin Capital Master Fund, LP, under which the company repurchased 6,164,324 shares of its common stock at $4.44 per share for a total of $27,369,598.56. The transaction is reported as a disposition of shares to the issuer by a more-than-ten-percent owner, resulting in the reporting group being deemed beneficial owners of 1,783,519 remaining shares of common stock. Multicoin Capital Management, LLC and Tushar Jain may be deemed beneficial owners through their advisory and control roles, but each reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
Forward Industries, Inc. entered into a Securities Repurchase Agreement with Multicoin Capital Master Fund, LP, under which the company repurchased 6,164,324 shares of its common stock at $4.44 per share for a total of $27,369,598.56. The transaction is reported as a disposition of shares to the issuer by a more-than-ten-percent owner, resulting in the reporting group being deemed beneficial owners of 1,783,519 remaining shares of common stock. Multicoin Capital Management, LLC and Tushar Jain may be deemed beneficial owners through their advisory and control roles, but each reporting person disclaims beneficial ownership except to the extent of any pecuniary interest.
Forward Industries, Inc. appointed Mark Brazier as Chief Financial Officer, effective April 13, 2026, replacing Kathleen Weisberg, who will remain with the company as Director of Financial Reporting. Brazier is 48 and has over 25 years of experience in digital assets and traditional finance.
He previously served as Chief Financial Officer and Head of Regulatory at XBTO Global from 2023 to 2025, and before that as Chief Financial Officer at Stablehouse, a digital asset custody and trading company. Under his offer letter, he will receive a $500,000 annual base salary, a $250,000 target annual bonus tied to performance conditions, and equity awards to be determined subject to Board approval.
Forward Industries, Inc. appointed Mark Brazier as Chief Financial Officer, effective April 13, 2026, replacing Kathleen Weisberg, who will remain with the company as Director of Financial Reporting. Brazier is 48 and has over 25 years of experience in digital assets and traditional finance.
He previously served as Chief Financial Officer and Head of Regulatory at XBTO Global from 2023 to 2025, and before that as Chief Financial Officer at Stablehouse, a digital asset custody and trading company. Under his offer letter, he will receive a $500,000 annual base salary, a $250,000 target annual bonus tied to performance conditions, and equity awards to be determined subject to Board approval.
Forward Industries, Inc. filed an amended insider ownership report showing that J Digital 6 Cayman Ltd. holds 7,947,843 shares of Common Stock directly and a warrant linked to 4,458,796 additional shares at an exercise price of $0.0100 per share.
The warrant has no expiration date and becomes exercisable in three equal tranches only if the stock trades at or above $27.75, $37.00, and $46.25 for 20 out of 30 trading days at each level. J Digital 6 Cayman Ltd. is owned through a chain of entities ultimately controlled by William DiSomma and Paul Gurinas, who may be deemed to beneficially own these holdings, and also may be deemed to beneficially own 100 additional shares held by Jump Trading, LLC.
The filing notes that the warrant cannot be exercised if doing so would cause J Digital 6 Cayman Ltd. and its affiliates to beneficially own more than 9.99% of Forward Industries’ outstanding Common Stock. The reporting entities are treated as directors by deputization through Saurabh Sharma’s service on the board.
Forward Industries, Inc. filed an amended insider ownership report showing that J Digital 6 Cayman Ltd. holds 7,947,843 shares of Common Stock directly and a warrant linked to 4,458,796 additional shares at an exercise price of $0.0100 per share.
The warrant has no expiration date and becomes exercisable in three equal tranches only if the stock trades at or above $27.75, $37.00, and $46.25 for 20 out of 30 trading days at each level. J Digital 6 Cayman Ltd. is owned through a chain of entities ultimately controlled by William DiSomma and Paul Gurinas, who may be deemed to beneficially own these holdings, and also may be deemed to beneficially own 100 additional shares held by Jump Trading, LLC.
The filing notes that the warrant cannot be exercised if doing so would cause J Digital 6 Cayman Ltd. and its affiliates to beneficially own more than 9.99% of Forward Industries’ outstanding Common Stock. The reporting entities are treated as directors by deputization through Saurabh Sharma’s service on the board.
Forward Industries, Inc. entered a Securities Repurchase Agreement to buy back 6,164,324 common shares for approximately $27.4 million from an institutional investor, reducing shares outstanding from 83,142,133 to 76,977,809. Management highlights this as increasing SOL-per-share and returning a large block of stock to treasury.
To fund the repurchase, the company executed a Master Digital Currency Loan Agreement with Galaxy Digital LLC, borrowing $40,000,000 at a weighted average annual interest rate of about 3.4% and a weighted average maturity of 4.9 months, secured by fwdSOL treasury holdings and subject to strict overcollateralization and margin call terms.
Forward reports SOL holdings rising to 7,013,536 and fully diluted shares declining to 105,894,207, increasing SOL-per-share from 0.0624 to 0.0662. The company also launched a cost reduction plan, forecasting SG&A (excluding stock-based compensation and design segment SG&A) to fall about 45% from $6.5 million in fiscal Q1 to an estimated $3.6 million by fiscal Q3 through lower fees and operational efficiencies.
Forward Industries, Inc. entered a Securities Repurchase Agreement to buy back 6,164,324 common shares for approximately $27.4 million from an institutional investor, reducing shares outstanding from 83,142,133 to 76,977,809. Management highlights this as increasing SOL-per-share and returning a large block of stock to treasury.
To fund the repurchase, the company executed a Master Digital Currency Loan Agreement with Galaxy Digital LLC, borrowing $40,000,000 at a weighted average annual interest rate of about 3.4% and a weighted average maturity of 4.9 months, secured by fwdSOL treasury holdings and subject to strict overcollateralization and margin call terms.
Forward reports SOL holdings rising to 7,013,536 and fully diluted shares declining to 105,894,207, increasing SOL-per-share from 0.0624 to 0.0662. The company also launched a cost reduction plan, forecasting SG&A (excluding stock-based compensation and design segment SG&A) to fall about 45% from $6.5 million in fiscal Q1 to an estimated $3.6 million by fiscal Q3 through lower fees and operational efficiencies.
Forward Industries, Inc. reported that Chief Executive Officer Michael D. Pruitt was granted stock options for 100,000 shares of common stock. The options have an exercise price of $5.0200 per share and expire on March 10, 2031.
According to the filing, these options vest in four equal quarterly installments, beginning on June 11, 2026, subject to his continued service as a director on each vesting date. Following this grant, he holds 100,000 stock options directly.
Forward Industries, Inc. reported that Chief Executive Officer Michael D. Pruitt was granted stock options for 100,000 shares of common stock. The options have an exercise price of $5.0200 per share and expire on March 10, 2031.
According to the filing, these options vest in four equal quarterly installments, beginning on June 11, 2026, subject to his continued service as a director on each vesting date. Following this grant, he holds 100,000 stock options directly.