Forward Industries FWDI Insider Ownership

NASDAQ FWDI

$6.99 +0.18 (+2.64%)

As of: Oct 20, 2026 · 3:15 PM EDT

Insider Holdings by Owner

6.37Mn Shares

Insider Ownership Statistics

as of 30 Sep, 2026

Insider Ownership

7.38%

▲+0.498% pp QoQ

Shares Held by Insiders

6.40Mn

filed for Sep 2026

▲+7.23% QoQ

Shares Outstanding

86.69Mn

86,694,282 shares

Direct Holdings

1.44Mn

Indirect: 4.95Mn

Net Shares Traded (QoQ)

+431.41K

net buying in Sep 2026

Insiders Holding Shares

with Form 4 holdings on file

Shares Owned by Insiders

Shares held % of outstanding

Latest —

Average ownership —

Peak ownership —

Shares Purchased/Sold by Insiders

Bought Sold

Latest quarter —

Net over range —

Buying quarters —

Insider Ownership Summary

Updated Oct 10, 2026

Over the past year, FWDI insiders bought $80,320 of stock (11.5K shares) on the open market and sold none.

Forward Industries' open-market purchases in the past 12 months came from 2 insiders; no insider sold.
Among Forward Industries' insiders, Ryan David Navi (Chief Investment Officer) was the largest open-market buyer over the past 12 months, purchasing $70,800 of stock (10K shares), most recently on December 19, 2025.
The latest open-market trade in FWDI stock by an insider was a purchase of 500 shares for $2,080 by Michael D. Pruitt (Chief Executive Officer) on May 19, 2026.
Beyond open-market trades, insiders at Forward Industries received 1.24Mn shares in stock awards in the last 12 months.
Business Quant data puts insider holdings in FWDI at 6.4Mn shares across insiders' latest Form 4 filings, up 7.23% from 5.97Mn shares at the end of Q2 2026.
Indirect holdings, through trusts, partnerships, family members and other entities, make up 77.43% (4.95Mn shares) of Forward Industries' insider total, with the other 22.57% (1.44Mn shares) held directly.
Business Quant counts 8 insiders with holdings in Forward Industries stock, among the officers, directors and 10% owners who have filed a Form 4 in the past two years.
Forward Industries' three biggest insider holders are Pyahm Samani (Director, 3.13Mn shares), Multicoin Capital Management, LLC (10% owner, 1.78Mn shares) and Ryan David Navi (Chief Investment Officer, 539.04K shares), based on their latest Form 4 filings.
Of the shares held by FWDI insiders, 49.01% belong to Pyahm Samani.
Institutional investors held 44.23% of Forward Industries stock at the end of Q2 2026, while the latest Form 4 filings of its insiders account for about 7.38%; other investors, including the public, hold roughly 48.39%.
A total of 15 Form 4 filings with transactions in Forward Industries stock were made over the past 12 months, by 9 insiders.
Insider figures for FWDI include Form 4 filings through August 17, 2026.

Form 4 Holdings

Insiders Holding FWDI

Insiders 9

Shares held 6.37Mn

Of outstanding 7.34%

#	Insider	Position	Direct	Indirect	Total	Share of Insiders	Last Filed
1	Pyahm Samani	Director	0	3,134,871	3,134,871	49.2%	18 May, 2026
2	Capital Management, Llc Multicoin	TenPercentOwner	0	1,783,519	1,783,519	28.0%	08 Apr, 2026
3	Ryan David Navi	Chief Investment Officer	539,041	0	539,041	8.5%	17 Aug, 2026
4	Georgia P Quinn	General Counsel	440,867	0	440,867	6.9%	17 Aug, 2026
5	Mark Christopher Brazier	Chief Financial Officer	412,500	0	412,500	6.5%	17 Aug, 2026
6	Sangita Shah	Director	50,000	0	50,000	0.8%	10 Sep, 2025
7	James W Ziglar	Director	2,000	0	2,000	0.0%	21 Dec, 2022
8	Michael D Pruitt	Chief Executive Officer	0	1,500	1,500	0.0%	19 May, 2026
9	Sharon Hemond Hrynkow	Director	1,486	0	1,486	0.0%	21 Dec, 2022

Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.

Form 4 Filings

383 Insider Transactions

Source SEC Form 4

Latest quarter Sep 2026

Date	Insider	Position	Transaction	Shares	Price	Value	Shares Held After	Ownership
08 Aug, 2026	Mark Christopher Brazier	Chief Financial Officer	Acquired A	137,500	—	—	412,500	Direct
08 Aug, 2026	Ryan David Navi	Chief Investment Officer	Acquired A	146,956	—	—	539,041	Direct
08 Aug, 2026	Georgia P Quinn	General Counsel	Acquired A	146,956	—	—	440,867	Direct
19 May, 2026	Michael D Pruitt	Chief Executive Officer	Acquired P	500	$4.16	$2.08K	1,500	Indirect
05 May, 2026	Pyahm Samani	Director	Acquired J	1,783,519	$4.43	$7.90Mn	3,134,871	Indirect
30 Apr, 2026	Pyahm Samani	Director	Acquired J	4,458,796	$3.91	$17.43Mn	4,458,796	Indirect
16 Apr, 2026	Mark Christopher Brazier	Chief Financial Officer	Acquired A	275,000	$0.00	$0	275,000	Direct
16 Apr, 2026	Mark Christopher Brazier	Chief Financial Officer	Acquired A	275,000	—	—	275,000	Direct
18 Mar, 2025	Capital Management, Llc Multicoin	TenPercentOwner	Disposed D	6,164,324	$4.44	$27.37Mn	1,783,519	Indirect
10 Mar, 2026	Sangita Shah	Director	Acquired A	150,000	—	—	150,000	Direct
10 Mar, 2026	Michael D Pruitt	Chief Executive Officer	Acquired A	100,000	—	—	100,000	Direct
10 Mar, 2026	Keith J Johnson	Director	Acquired A	150,000	—	—	150,000	Direct
08 Mar, 2026	Ryan David Navi	Chief Investment Officer	Acquired A	382,085	$0.00	$0	392,085	Direct
08 Mar, 2026	Kathleen Weisberg	Chief Financial Officer	Acquired A	50,000	—	—	50,000	Direct
08 Mar, 2026	Georgia P Quinn	General Counsel	Acquired A	293,911	$0.00	$0	293,911	Direct
08 Mar, 2026	Ryan David Navi	Chief Investment Officer	Acquired A	352,694	—	—	352,694	Direct
08 Mar, 2026	Georgia P Quinn	General Counsel	Acquired A	293,912	—	—	293,912	Direct
19 Dec, 2025	Ryan David Navi	Chief Investment Officer	Acquired P	10,000	$7.08	$70.80K	10,000	Direct
15 Dec, 2025	Michael D Pruitt	Chief Executive Officer	Acquired P	1,000	$7.44	$7.44K	1,000	Indirect
10 Sep, 2025	Capital Management, Llc Multicoin	TenPercentOwner, Other	Acquired A	7,947,843	$18.50	$147.04Mn	7,947,843	Indirect

Showing 1 to 20 of 383 transactions