On March 10, 2026, Forward Industries, Inc. approved stock options for its directors under the 2021 Equity Incentive Plan. Sangita Shah, Keith Johnson, and Michael Pruitt each received 100,000 stock options, with additional grants for committee service. The options have an exercise price of $5.02 per share and vest quarterly. Additionally, CEO Michael Pruitt's employment agreement was extended until June 30, 2026, with automatic renewals unless terminated by either party.

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