Forward Industries awards 100k options to three directors; extends interim CEO Pruitt term to June 30, 2026

Forward Industries, Inc.

Board grants 100,000 five-year stock options each to directors Sangita Shah, Keith Johnson, and Michael Pruitt at $5.02/share.
Additional 50,000 options each to Shah and Johnson for Audit & Risk and Compensation committee service (25k each committee).
Options vest in four equal quarterly installments starting three months from March 10, 2026, subject to continued service.
Interim CEO Michael Pruitt's employment term extended to June 30, 2026, with automatic three-month renewals thereafter.
Non-renewal requires 30 days' written notice prior to expiration of the current term.

item 5.02

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