Forward Industries reincorporates to Texas, boosts equity plan to 8.72M shares, grants large equity awards to executives

Forward Industries, Inc.

Reincorporation from New York to Texas approved by shareholders; effective March 5, 2026, with no business or operational changes.
2021 Equity Plan amended to increase authorized shares to 8,724,667 (up from prior limit).
Ryan Navi (CIO) granted 352,694 options (two tranches at $9.66/$14.49), 382,085 RSUs, and 587,824 PSUs.
Georgia Quinn (GC) granted 293,912 options (similar prices), 293,911 RSUs, and 293,912 PSUs; CFO Weisberg granted 50,000 options at $4.83.
Shareholders also ratified auditor, approved say-on-pay with three-year frequency, and elected all five director nominees.

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