$FWDI

$6.61 -$0.19 (2.79%) Close

$FWDI Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 73.8M shares outstanding

Who owns FWDI?

By type of holder

Institutions 51.7% Insiders 45.3% Everyone else 3.0%

Concentration Top 10 holders own 95.5%

Michael E. Novogratz 11.8% · Galaxy Group Investments LLC 11.8%

Institutional ownership

51.7%

+5.8 pts vs last qtr

Institutional holders

+19 vs last qtr

Net shares bought

+4.2M

by institutions in Q2 2026

New / sold out

41 / 22

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

BlackRock, Inc. +3.5M
Vanguard Capital Management LLC +1.9M

Biggest sellers in Q2 2026

Multicoin Capital Management, LLC SOLD OUT −1.8M
Marshall Wace, LLP SOLD OUT −1.2M

Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for Forward Industries Inc in the last 12 months.

Is your stake being diluted?

Diluted share count, FY2024–FY2025

+516.8%

+516.78% a year

Each share's claim on the business

−83.8%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

— vs $2.97M

over 2 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years0% 3–5 years0% 1–3 years21% Under 1 year79%

Quarterly turnover

25.9%

of institutional shares changed hands

Top 10 managers, median time held

3 quarters

Super Investors

Investment managers reporting FWDI on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
GD Galaxy Digital Inc. 13D · 10.0%	8.1M	10.98%	Unchanged	Q1 '26	2.0%
Shares held by quarter Peak holding8.1M (Q1'26) Change over 8 quarters+8.1M Share of the company10.980% Disclosed stake13D · 10.0% Galaxy Digital Inc.'s full portfolio →
JD J Digital 6 LLC 13D · 9.6%	7.9M	10.76%	Unchanged	Q3 '25	19.8%
Shares held by quarter Peak holding7.9M (Q3'25) Change over 8 quarters+7.9M Share of the company10.760% Disclosed stake13D · 9.6% J Digital 6 LLC's full portfolio →

Galaxy Digital Inc.

13D · 10.0%

8.1M

% of company

10.98%

Change vs last qtr

Unchanged

Held since

Q1 '26

J Digital 6 LLC

13D · 9.6%

7.9M

% of company

10.76%

Change vs last qtr

Unchanged

Held since

Q3 '25

28 more super investors behind a free account

See every manager holding Forward Industries Inc, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting FWDI on Form N-PORT; together they hold 10.5% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
VT Vanguard Total Stock Market Index Fund Vanguard Index Funds	$8.24M	2.0M	2.65%	0.00%	June 30, 2026
IR iShares Russell 2000 ETF iShares Trust	$6.43M	1.5M	2.06%	0.01%	June 30, 2026

Vanguard Total Stock Market Index Fund

Vanguard Index Funds

Position value

$8.24M

% of company

2.65%

% of the fund

0.00%

As of

June 30, 2026

iShares Russell 2000 ETF

iShares Trust

Position value

$6.43M

% of company

2.06%

% of the fund

0.01%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Forward Industries Inc and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
ME Michael E. Novogratz 5%+ holder 13D · 10.0%	8.7M	11.75%	—	—	—	—
This holder reports through Schedule 13D/G, not a quarterly 13F. Share of the company11.750% Disclosed stake13D · 10.0% View the 13D/G filing →
GG Galaxy Group Investments LLC 5%+ holder 13D · 10.0%	8.7M	11.75%	—	—	—	—
This holder reports through Schedule 13D/G, not a quarterly 13F. Share of the company11.750% Disclosed stake13D · 10.0% View the 13D/G filing →

Michael E. Novogratz

5%+ holder13D · 10.0%

8.7M

% of company

11.75%

Change vs last qtr

—

Held since

—

Galaxy Group Investments LLC

5%+ holder13D · 10.0%

8.7M

% of company

11.75%

Change vs last qtr

—

Held since

—

10 more holders behind a free account

See every insider and 5%+ holder of Forward Industries Inc.

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