Dr. Sharon Hrynkow resigns from Forward Industries board; company releases lockup

Forward Industries, Inc.

On Oct 16, 2025, Dr. Hrynkow resigned from the Board and all committees (Audit, Compensation, Nominating, Science & Tech).
Company agreed to release Dr. Hrynkow from the lockup executed in connection with the recent private placement.
As of Oct 20, 2025, she held 1,486 shares and 89,400 exercisable stock options; 86,457,465 shares outstanding.
Resignation did not result from any disagreement with the Company on operations, policies, or practices.

item 5.02

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