Form 3 Filing for Forward Industries, Inc.

This filing details a decrease in the number of outstanding shares of Forward Industries, Inc. (FWDI) due to a private placement that occurred on September 10, 2025. Galaxy Digital LP and its affiliates acquired 89,189,189 shares of Common Stock and pre-funded warrants. The company also issued additional pre-funded warrants and warrants to GD LP as consideration for strategic advisory services related to the private placement. The number of shares issuable upon exercise of these warrants is subject to a 9.99% beneficial ownership limitation. The filing also notes the reporting structure within the Galaxy Digital entities and Michael E. Novogratz's connection. The reporting period for this form is May 14, 2026.