FWDINasdaqFinance ServicesFiscal year ends September 30
Forward Industries, Inc.
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 12, 2026
$6.81−0.10 (-1.45%)
Close on Oct 19, 2026
- Market cap
- $590.39M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
41.2%
30M of 74M shares
Institutional holders
87
41 new, 20 sold out
Net institutional buying
4M
In Q2 2026
Insider trades, 12 months
3 buys · 0 sales
Net bought $80.32K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Galaxy Digital Inc. | 8,676,432 | 9.99% | 13D (active) | Sep 11, 2025 |
| William DiSomma | 7,947,943 | 9.60% | 13D (active) amendment | Mar 3, 2026 |
| Tushar Jain | 6,242,315 | 7.00% | 13D (active) amendment | Mar 18, 2026 |
| Alyeska Fund GP, LLC | 3,790,702 | 5.08% | 13G (passive) | Jun 30, 2026 |
| Terence Bernard Wise | 220,104 | 19.99% | 13D (active) amendment | Jul 5, 2024 |
| Pyahm Samani | 13,757,991 | 15.70% | 13D (active) | Sep 11, 2025 |
| C/M Capital Master Fund, LP | 114,975 | 9.30% | 13G (passive) | Jul 24, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of FWDI | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Galaxy Digital Inc. | 8,108,108 | 10.98% | $34.22M | – | 2.02% |
| BlackRock, Inc. | 3,710,811 | 5.03% | $15.66M | +3,498,852 | 0.00% |
| Alyeska Investment Group, L.P. | 3,250,161 | 4.40% | $13.72M | – | 0.04% |
| Vanguard Capital Management LLC | 2,682,734 | 3.63% | $11.32M | +1,942,085 | 0.00% |
| Geode Capital Management, LLC | 1,943,824 | 2.63% | $14.31M | +868,896 | 0.00% |
| Ghisallo Capital Management LLC | 1,006,882 | 1.36% | $4.25M | – | 0.08% |
| Long Corridor Asset Management Ltd | 994,164 | 1.35% | $4.20M | – | 1.27% |
| State Street Corp | 988,926 | 1.34% | $4.17M | +671,735 | 0.00% |
| Weiss Asset Management LP | 904,581 | 1.22% | $3.82M | New | 0.04% |
| Polar Asset Management Partners Inc. | 874,537 | 1.18% | $3.69M | −71,409 | 0.06% |
| Citadel Advisors LLC | 785,784 | 1.06% | $3.32M | +187,500 | 0.00% |
| Northern Trust Corp | 474,529 | 0.64% | $2.00M | +329,094 | 0.00% |
| Nuveen, LLC | 446,255 | 0.60% | $1.88M | New | 0.00% |
| Vanguard Portfolio Management LLC | 415,422 | 0.56% | $1.75M | New | 0.00% |
| Vanguard Fiduciary Trust Co | 412,319 | 0.56% | $1.74M | +56,841 | 0.00% |
| UBS Group AG | 388,013 | 0.53% | $1.64M | +265,188 | 0.00% |
| Lazard Asset Management LLC | 201,869 | 0.27% | $851.89K | −197,851 | 0.00% |
| Morgan Stanley | 191,896 | 0.26% | $809.80K | +82,110 | 0.00% |
| Renaissance Technologies LLC | 188,854 | 0.26% | $796.96K | −211,370 | 0.00% |
| Bank of New York Mellon Corp | 175,121 | 0.24% | $739.01K | +157,389 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 87 | 30M | 41.2% | 41 / 21 | 13 / 20 | 11M | 7M |
| Q1 2026 | 67 | 26M | 35.2% | 67 / 0 | 0 / 0 | 26M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of FWDI | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 1,953,760 | 2.65% | $8.24M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,523,702 | 2.06% | $6.43M | 0.01% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 695,125 | 0.94% | $2.93M | 0.00% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 677,281 | 0.92% | $2.73M | 0.01% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 600,855 | 0.81% | $2.54M | 0.02% | Jun 30, 2026 |
| Nuveen Equity Index Fund | 364,078 | 0.49% | $1.47M | 0.00% | Jul 31, 2026 |
| Fidelity Crypto Industry and Digital Payments ETF | 352,080 | 0.48% | $1.49M | 0.56% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 349,467 | 0.47% | $1.64M | 0.00% | May 31, 2026 |
| iShares Micro-Cap ETF | 203,984 | 0.28% | $860.81K | 0.06% | Jun 30, 2026 |
| Schwab Small-Cap Index Fund | 149,292 | 0.20% | $601.65K | 0.01% | Jul 31, 2026 |
| Fidelity Total Market Index Fund | 136,808 | 0.19% | $643.00K | 0.00% | May 31, 2026 |
| Master Small Cap Index Series | 113,662 | 0.15% | $479.65K | 0.01% | Jun 30, 2026 |
| Fidelity Series Total Market Index Fund | 101,721 | 0.14% | $478.09K | 0.00% | May 31, 2026 |
| Fidelity Small Cap Value Index Fund | 86,939 | 0.12% | $366.88K | 0.02% | Jun 30, 2026 |
| Nuveen Small Cap Blend Index Fund | 82,177 | 0.11% | $331.17K | 0.01% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Michael D. Pruitt | Chief Executive Officer, Director | 1,500 | 0.00% | May 19, 2026 |
| Georgia P. Quinn | General Counsel | 440,867 | 0.60% | Aug 17, 2026 |
| Ryan David Navi | Chief Investment Officer | 539,041 | 0.73% | Aug 17, 2026 |
| Mark Christopher Brazier | Chief Financial Officer | 412,500 | 0.56% | Aug 17, 2026 |
| Kathleen Weisberg | Chief Financial Officer | – | – | Mar 10, 2026 |
| Michael Lawrence Ashe | Director | 13,514 | 0.02% | Jul 23, 2026 |
| Pyahm Samani | Director | 3,134,871 | 4.25% | May 18, 2026 |
| Saurabh Sharma | Director | – | – | Mar 13, 2026 |
| Keith J. Johnson | Director | – | – | Mar 12, 2026 |
| Sangita Shah | Director | 61,113 | 0.08% | Mar 12, 2026 |
| Sharon Hemond Hrynkow | Director | 10,000 | 0.01% | Sep 11, 2025 |
| Multicoin Capital Management, LLC | 10% owner | 1,351,352 | 1.83% | Apr 8, 2026 |
| Tushar Jain | 10% owner | 1,783,519 | 2.42% | Apr 8, 2026 |
| Multicoin Capital Master Fund, LP | 10% owner | 1,351,352 | 1.83% | Apr 8, 2026 |
| Dyso Tc, Llc | – | – | – | Mar 26, 2026 |
| Paul Andrew Gurinas | – | – | – | Mar 26, 2026 |
| Digital 6 LLC J | – | – | – | Mar 26, 2026 |
| Pxg, Llc | – | – | – | Mar 26, 2026 |
| William Joseph DiSomma | – | – | – | Mar 26, 2026 |
| Digital 6 Cayman Ltd. J | – | 7,947,943 | 10.76% | Mar 26, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Mark Christopher Brazier Chief Financial Officer | Aug 8, 2026 | Award | +137,500 | – | – | 412,500 |
| Ryan David Navi Chief Investment Officer | Aug 8, 2026 | Award | +146,956 | – | – | 539,041 |
| Georgia P. Quinn General Counsel | Aug 8, 2026 | Award | +146,956 | – | – | 440,867 |
| Michael D. Pruitt Chief Executive Officer, Director | May 19, 2026 | Buy | +500 | $4.16 | $2.08K | 1,500 |
| Pyahm Samani Director | May 5, 2026 | Other | +1,783,519 | $4.43 | $7.90M | 3,134,871 |
| Mark Christopher Brazier Chief Financial Officer | Apr 16, 2026 | Award | +275,000 | – | – | 275,000 |
| Ryan David Navi Chief Investment Officer | Mar 8, 2026 | Award | +382,085 | – | – | 392,085 |
| Georgia P. Quinn General Counsel | Mar 8, 2026 | Award | +293,911 | – | – | 293,911 |
| Ryan David Navi Chief Investment Officer | Dec 19, 2025 | Buy | +10,000 | $7.08 | $70.80K | 10,000 |
| Michael D. Pruitt Chief Executive Officer | Dec 15, 2025 | Buy | +1,000 | $7.44 | $7.44K | 1,000 |
| Multicoin Capital Master Fund, LP 10% owner | Sep 10, 2025 | Award | +1,351,352 | $18.50 | $25.00M | 1,351,352 |
| Multicoin Capital Master Fund, LP 10% owner | Sep 10, 2025 | Award | +7,947,843 | $18.50 | $147.04M | 7,947,843 |
| Multicoin Capital Management, LLC 10% owner | Sep 10, 2025 | Award | +1,351,352 | $18.50 | $25.00M | 1,351,352 |
| Multicoin Capital Management, LLC 10% owner | Sep 10, 2025 | Award | +7,947,843 | $18.50 | $147.04M | 7,947,843 |
| Sangita Shah Director | Sep 8, 2025 | Award | +50,000 | $18.50 | $925.00K | 50,000 |
| Tushar Jain 10% owner | Mar 18, 2025 | Returned to company | −6,164,324 | $4.44 | $27.37M | 1,783,519 |
| Sangita Shah Director | May 25, 2023 | Buy | +3,000 | $1.03 | $3.09K | 111,123 |
| Sangita Shah Director | May 24, 2023 | Buy | +400 | $1.02 | $408 | 108,123 |
| Sangita Shah Director | May 23, 2023 | Buy | +2,723 | $1.01 | $2.75K | 107,723 |
| Sharon Hemond Hrynkow Director | Dec 20, 2022 | Buy | +5,000 | $1.13 | $5.65K | 10,000 |
| Sharon Hemond Hrynkow Director | Dec 20, 2022 | Buy | +4,855 | $1.16 | $5.63K | 14,855 |
| James W. Ziglar Director | Dec 19, 2022 | Buy | +10,000 | $1.13 | $11.30K | 20,000 |
| Paul Jean Severino COO of Subsidiary | Dec 13, 2021 | Sale | −2,000 | $1.99 | $3.98K | 57,918 |
| Mitchell Maiman President of Subsidiary | Dec 13, 2021 | Sale(10b5-1 plan) | −4,000 | $1.73 | $6.92K | 49,868 |
| Mitchell Maiman President of Subsidiary | Nov 12, 2021 | Sale | −4,000 | $2.20 | $8.80K | 53,868 |
| Paul Jean Severino COO of Subsidiary | Nov 8, 2021 | Sale(10b5-1 plan) | −2,000 | $2.22 | $4.44K | 59,918 |
| Mitchell Maiman President of Subsidiary | Oct 12, 2021 | Sale(10b5-1 plan) | −6,000 | $2.13 | $12.78K | 57,868 |
| Paul Jean Severino COO of Subsidiary | Oct 6, 2021 | Sale(10b5-1 plan) | −6,000 | $2.18 | $13.08K | 61,918 |
| Mitchell Maiman President of Subsidiary | Sep 13, 2021 | Sale(10b5-1 plan) | −6,000 | $2.37 | $14.22K | 63,868 |
| Paul Jean Severino COO of Subsidiary | Sep 7, 2021 | Sale(10b5-1 plan) | −6,000 | $2.47 | $14.82K | 67,918 |
| James W. Ziglar Director | Sep 1, 2021 | Sale | −30,000 | $2.52 | $75.60K | 10,000 |
| James W. Ziglar Director | Sep 1, 2021 | Option exercise | +30,000 | $1.13 | $33.90K | 40,000 |
| Mitchell Maiman President of Subsidiary | Aug 12, 2021 | Sale(10b5-1 plan) | −6,000 | $2.61 | $15.66K | 69,868 |
| Paul Jean Severino COO of Subsidiary | Aug 6, 2021 | Sale(10b5-1 plan) | −6,000 | $2.65 | $15.90K | 73,918 |
| Mitchell Maiman President of Subsidiary | Jul 12, 2021 | Sale(10b5-1 plan) | −10,000 | $2.75 | $27.50K | 75,868 |
| Paul Jean Severino COO of Subsidiary | Jul 7, 2021 | Sale(10b5-1 plan) | −6,000 | $3.08 | $18.48K | 79,918 |
| Howard J. Morgan Director | Jun 17, 2021 | Sale | −78,419 | $2.96 | $232.12K | 120,000 |
| Howard J. Morgan Director | Jun 17, 2021 | Option exercise | +68,419 | $1.13 | $77.31K | 198,419 |
| Howard J. Morgan Director | Jun 17, 2021 | Option exercise | +10,000 | $1.23 | $12.30K | 130,000 |
| Mitchell Maiman President of Subsidiary | Jun 14, 2021 | Sale(10b5-1 plan) | −10,000 | $2.77 | $27.70K | 85,868 |
| Paul Jean Severino COO of Subsidiary | Jun 7, 2021 | Sale(10b5-1 plan) | −10,000 | $2.62 | $26.20K | 85,918 |
| Mitchell Maiman President of Subsidiary | May 12, 2021 | Sale | −10,000 | $2.34 | $23.40K | 95,868 |
| Paul Jean Severino COO of Subsidiary | May 7, 2021 | Sale(10b5-1 plan) | −10,000 | $2.30 | $23.00K | 95,918 |
| Mitchell Maiman President of Subsidiary | Apr 12, 2021 | Sale(10b5-1 plan) | −10,000 | $2.92 | $29.20K | 105,859 |
| Paul Jean Severino COO of Subsidiary | Apr 9, 2021 | Sale(10b5-1 plan) | −10,000 | $2.98 | $29.80K | 106,502 |
| Thomas Edward KraMer CEO to Subsidiary | Mar 22, 2021 | Sale(10b5-1 plan) | −28,805 | $2.95 | $84.97K | 168,025 |
| Thomas Edward KraMer CEO to Subsidiary | Mar 19, 2021 | Sale(10b5-1 plan) | −23,364 | $3.06 | $71.49K | 196,830 |
| Thomas Edward KraMer CEO to Subsidiary | Mar 18, 2021 | Sale(10b5-1 plan) | −79,806 | $3.18 | $253.78K | 220,194 |
| James W. Ziglar Director | Mar 11, 2021 | Option exercise | +20,000 | $1.13 | $22.60K | 30,000 |
| James W. Ziglar Director | Mar 11, 2021 | Sale | −20,000 | $3.50 | $70.00K | 10,000 |
| Mitchell Maiman President of Subsidiary | Dec 14, 2020 | Sale(10b5-1 plan) | −9,450 | $1.70 | $16.07K | 115,859 |
| Mitchell Maiman President of Subsidiary | Nov 16, 2020 | Sale(10b5-1 plan) | −9,450 | $1.57 | $14.84K | 125,309 |
| Mitchell Maiman President of Subsidiary | Oct 13, 2020 | Sale(10b5-1 plan) | −9,450 | $1.56 | $14.74K | 134,759 |
| Mitchell Maiman President of Subsidiary | Sep 14, 2020 | Sale(10b5-1 plan) | −9,450 | $1.42 | $13.42K | 144,209 |
| Mitchell Maiman President of Subsidiary | Aug 13, 2020 | Sale(10b5-1 plan) | −9,450 | $1.37 | $12.95K | 153,659 |
| Mitchell Maiman President of Subsidiary | Jul 13, 2020 | Sale(10b5-1 plan) | −9,450 | $1.28 | $12.10K | 163,109 |
| Paul Jean Severino COO of Subsidiary | Jul 2, 2020 | Sale(10b5-1 plan) | −7,087 | $1.32 | $9.35K | 116,502 |
| Mitchell Maiman President of Subsidiary | Jun 15, 2020 | Sale(10b5-1 plan) | −9,450 | $1.20 | $11.34K | 172,559 |
| Paul Jean Severino COO of Subsidiary | Jun 8, 2020 | Sale(10b5-1 plan) | −172 | $1.25 | $215 | 123,589 |
| Paul Jean Severino COO of Subsidiary | Jun 5, 2020 | Sale(10b5-1 plan) | −15,571 | $1.25 | $19.46K | 123,761 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Bernard Wise Terence Former CEO | Oct 22, 2025 | 163,355 | $5.10M | Sep 19, 2025 | Restricted Stock |