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Nasdaq · USD

FWDI

Forward Industries, Inc.

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Tapewire entity
5540
SEC CIK
0000038264
Parsed reports
127

Last 12 months

Inside the activity.

3 purchase rows · 0 sale rows

Disclosed non-derivative P/S rows, by transaction month. Includes amendments and private transactions.
Monthly counts
MonthPurchasesSales
Nov 202500
Dec 202520
Jan 202600
Feb 202600
Mar 202600
Apr 202600
May 202610
Jun 202600
Jul 202600
Aug 202600
Sep 202600
Oct 202600

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Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction dateOwner / reported roleActivity / securityShares / unitsReported priceReported valueDetails
August 08, 2026 Filed Aug 17, 2026 22:06 UTC
Navi Ryan DavidChief Investment Officer
GrantCommon Stock 146,956 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-26-006540 · ownership.xml · nonDerivative · entry 1

Navi Ryan David · CIK 0002100123 · Chief Investment Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 539,041

F1 · price: The shares of common stock reported herein were issued to the Reporting Person upon the satisfaction of a performance milestone under the Reporting Person's equity award grant.

F2 · balance_after: Includes restricted stock units which were previously reported and remain subject to vesting.

Read SEC document
August 08, 2026 Filed Aug 17, 2026 21:47 UTC
Brazier Mark ChristopherChief Financial Officer
GrantCommon Stock 137,500 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-26-006538 · ownership.xml · nonDerivative · entry 1

Brazier Mark Christopher · CIK 0002128905 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 412,500

F1 · price: The shares of common stock reported herein were issued to the Reporting Person upon the satisfaction of a performance milestone under the Reporting Person's equity award grant.

F2 · balance_after: Includes restricted stock units which were previously reported and remain subject to vesting.

Read SEC document
August 08, 2026 Filed Aug 17, 2026 20:10 UTC
Quinn Georgia PGeneral Counsel
GrantCommon Stock 146,956 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-26-006530 · ownership.xml · nonDerivative · entry 1

Quinn Georgia P · CIK 0002098764 · General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 440,867

F1 · price: The shares of common stock reported herein were issued to the Reporting Person upon the satisfaction of a performance milestone under the Reporting Person's equity award grant.

F2 · balance_after: Includes restricted stock units which were previously reported and remain subject to vesting.

Read SEC document
May 19, 2026 Filed May 19, 2026 20:05 UTC
Pruitt Michael DDirector · Chief Executive Officer
PurchaseCommon Stock 500 $4.16 $2,079.85
Disclosure

SEC source: 0001683168-26-004115 · ownership.xml · nonDerivative · entry 1

Pruitt Michael D · CIK 0001124144 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Indirect · By IRA

Disclosed balance after: 1,500

F1 · ownership.nature: The shares were purchased through the Reporting Person's IRA.

Read SEC document
May 05, 2026 Filed May 18, 2026 21:00 UTC
Samani PyahmDirector
OtherCommon Stock 1,783,519 $4.43 $7,900,989.17
Disclosure

SEC source: 0001683168-26-004071 · ownership.xml · nonDerivative · entry 1

Samani Pyahm · CIK 0001868197 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC

Disclosed balance after: 3,134,871

F1 · kind: The securities reported in this Form 4 were acquired by the Reporting Person pursuant to a distribution by a pooled investment vehicle (the "Investment Fund") managed by Multicoin Capital Management, LLC ("MCC"). The Reporting Person previously served as a manager of MCC and the Investment Fund was a significant shareholder of the Issuer. No shares were sold, and no cash consideration was paid or received by the Reporting Person in connection with the distribution.

Read SEC document
April 30, 2026 Filed May 18, 2026 21:00 UTC
Samani PyahmDirector
OtherCommon Stock Purchase Warrant · Derivative 4,458,796 $3.91 Strike: $0.01 $17,426,758.29
Disclosure

SEC source: 0001683168-26-004071 · ownership.xml · derivative · entry 2

Samani Pyahm · CIK 0001868197 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · By LLC

Disclosed balance after: 4,458,796

Underlying: Common Stock · 4,458,796 shares

Expires not disclosed

F1 · kind: The securities reported in this Form 4 were acquired by the Reporting Person pursuant to a distribution by a pooled investment vehicle (the "Investment Fund") managed by Multicoin Capital Management, LLC ("MCC"). The Reporting Person previously served as a manager of MCC and the Investment Fund was a significant shareholder of the Issuer. No shares were sold, and no cash consideration was paid or received by the Reporting Person in connection with the distribution.

F2 · derivative.exercise_date: The warrants shall be exercisable as follows: (i) one-third on and after the first date on which the closing trading price of the Issuer's Common Stock is equal to or greater than 150% of the cash Per Share Purchase Price (as defined in the Securities Purchase Agreement dated September 6, 2025) for 20 out of 30 trading days; (ii) one-third on and after the first date on which such closing trading price is equal to or greater than 200% of the cash Per Share Purchase Price for 20 out of 30 trading days; and (iii) one-third on and after the first date on which such closing trading price is equal to or greater than 250% of the cash Per Share Purchase Price for 20 out of 30 trading days. The warrants include an exercise limitation that prohibits the holder from exercising them in an amount that would result in ownership exceeding 9.99% of the issued and outstanding shares of Common Stock.

F3 · derivative.expiration_date: The warrants do not expire.

Read SEC document
April 16, 2026 Filed Apr 17, 2026 20:01 UTC
Brazier Mark ChristopherChief Financial Officer
GrantStock Options (Right to Buy) · Derivative 275,000 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-26-003048 · ownership.xml · derivative · entry 2

Brazier Mark Christopher · CIK 0002128905 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 275,000

Underlying: Common Stock · 275,000 shares

Expires 2036-04-16

F2 · security: The grant of restricted stock units and stock options was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Compensation Committee of the Board of Directors. The restricted stock units and stock options were granted under the Issuer's 2021 Equity Incentive Plan.

F4 · derivative.exercise_price: One-half of the stock options have an exercise price per share of $9.18 and the remaining one-half of the stock options have an exercise price per share of $13.77.

F5 · price: Not applicable.

F3 · derivative.exercise_date: The securities vest as follows: 25% on April 13, 2027, with the remaining 75% vesting in 12 equal quarterly installments thereafter, subject to continued service with the Issuer on each applicable vesting date.

Read SEC document
April 16, 2026 Filed Apr 17, 2026 20:01 UTC
Brazier Mark ChristopherChief Financial Officer
GrantCommon Stock 275,000 $0.00 $0.00
Disclosure

SEC source: 0001683168-26-003048 · ownership.xml · nonDerivative · entry 1

Brazier Mark Christopher · CIK 0002128905 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 275,000

F1 · security: Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock upon vesting.

F2 · security: The grant of restricted stock units and stock options was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Compensation Committee of the Board of Directors. The restricted stock units and stock options were granted under the Issuer's 2021 Equity Incentive Plan.

F3 · security: The securities vest as follows: 25% on April 13, 2027, with the remaining 75% vesting in 12 equal quarterly installments thereafter, subject to continued service with the Issuer on each applicable vesting date.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 20:10 UTC
Pruitt Michael DDirector · Chief Executive Officer
GrantStock Options (Right to Buy) · Derivative 100,000 Not disclosed Strike: $5.02 Not disclosed
Disclosure

SEC source: 0001683168-26-001733 · ownership.xml · derivative · entry 1

Pruitt Michael D · CIK 0001124144 · Director · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 100,000

Underlying: Common Stock · 100,000 shares

Expires 2031-03-10

F2 · price: Not applicable.

F1 · derivative.exercise_date: The stock options shall vest in four equal quarterly installments (with the first vesting date on June 11, 2026), subject to continued service as a director on each applicable vesting date.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 20:10 UTC GrantStock Options (Right to Buy) · Derivative 150,000 Not disclosed Strike: $5.02 Not disclosed
Disclosure

SEC source: 0001683168-26-001732 · ownership.xml · derivative · entry 1

Johnson Keith J · CIK 0001484669 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 150,000

Underlying: Common Stock · 150,000 shares

Expires 2031-03-10

F2 · price: Not applicable.

F1 · derivative.exercise_date: The stock options shall vest in four equal quarterly installments (with the first vesting date on June 11, 2026), subject to continued service as a director on each applicable vesting date.

Read SEC document
March 10, 2026 Filed Mar 12, 2026 20:10 UTC
Shah SangitaDirector
GrantStock Options (Right to Buy) · Derivative 150,000 Not disclosed Strike: $5.02 Not disclosed
Disclosure

SEC source: 0001683168-26-001731 · ownership.xml · derivative · entry 1

Shah Sangita · CIK 0001634019 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 150,000

Underlying: Common Stock · 150,000 shares

Expires 2031-03-10

F2 · price: Not applicable.

F1 · derivative.exercise_date: The stock options shall vest in four equal quarterly installments (with the first vesting date on June 11, 2026), subject to continued service as a director on each applicable vesting date.

Read SEC document
March 08, 2026 Filed Mar 10, 2026 20:10 UTC
Weisberg KathleenChief Financial Officer
GrantStock Options (Right to Buy) · Derivative 50,000 Not disclosed Strike: $4.83 Not disclosed
Disclosure

SEC source: 0001683168-26-001645 · ownership.xml · derivative · entry 1

Weisberg Kathleen · CIK 0001980190 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 50,000

Underlying: Common Stock · 50,000 shares

Expires 2036-03-08

F2 · price: Not applicable.

F1 · derivative.exercise_date: The stock options vest as follows: 25% on June 8, 2026, with the remaining 75% vesting in three equal quarterly installments thereafter through March 8, 2027, subject to continued employment on each applicable vesting date.

Read SEC document
March 08, 2026 Filed Mar 10, 2026 20:10 UTC
Navi Ryan DavidChief Investment Officer
GrantStock Options (Right to Buy) · Derivative 352,694 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-26-001644 · ownership.xml · derivative · entry 2

Navi Ryan David · CIK 0002100123 · Chief Investment Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 352,694

Underlying: Common Stock · 352,694 shares

Expires 2036-03-08

F3 · derivative.exercise_price: One-half of the stock options have an exercise price per share of $9.66 and the remaining one-half of the stock options have an exercise price per share of $14.49.

F4 · price: Not applicable.

F2 · derivative.exercise_date: The securities vest as follows: 25% on November 17, 2026, with the remaining 75% vesting in 12 equal quarterly installments thereafter through November 17, 2029, subject to continued service with the Issuer on each applicable vesting date.

Read SEC document
March 08, 2026 Filed Mar 10, 2026 20:10 UTC
Navi Ryan DavidChief Investment Officer
GrantCommon Stock 382,085 $0.00 $0.00
Disclosure

SEC source: 0001683168-26-001644 · ownership.xml · nonDerivative · entry 1

Navi Ryan David · CIK 0002100123 · Chief Investment Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 392,085

F1 · security: Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock upon vesting.

F2 · security: The securities vest as follows: 25% on November 17, 2026, with the remaining 75% vesting in 12 equal quarterly installments thereafter through November 17, 2029, subject to continued service with the Issuer on each applicable vesting date.

Read SEC document
March 08, 2026 Filed Mar 10, 2026 20:10 UTC
Quinn Georgia PGeneral Counsel
GrantStock Options (Right to Buy) · Derivative 293,912 Not disclosed Not disclosed
Disclosure

SEC source: 0001683168-26-001643 · ownership.xml · derivative · entry 2

Quinn Georgia P · CIK 0002098764 · General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 293,912

Underlying: Common Stock · 293,912 shares

Expires 2036-03-08

F3 · derivative.exercise_price: One-half of the stock options have an exercise price per share of $9.66 and the remaining one-half of the stock options have an exercise price per share of $14.49.

F4 · price: Not applicable.

F2 · derivative.exercise_date: The securities vest as follows: 25% on November 17, 2026, with the remaining 75% vesting in 12 equal quarterly installments thereafter through November 17, 2029, subject to continued service with the Issuer on each applicable vesting date.

Read SEC document
March 08, 2026 Filed Mar 10, 2026 20:10 UTC
Quinn Georgia PGeneral Counsel
GrantCommon Stock 293,911 $0.00 $0.00
Disclosure

SEC source: 0001683168-26-001643 · ownership.xml · nonDerivative · entry 1

Quinn Georgia P · CIK 0002098764 · General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 293,911

F1 · security: Represents restricted stock units. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock upon vesting.

F2 · security: The securities vest as follows: 25% on November 17, 2026, with the remaining 75% vesting in 12 equal quarterly installments thereafter through November 17, 2029, subject to continued service with the Issuer on each applicable vesting date.

Read SEC document
December 19, 2025 Filed Dec 22, 2025 21:28 UTC
Navi Ryan DavidChief Investment Officer
PurchaseCommon Stock 10,000 $7.08 $70,800.00
Disclosure

SEC source: 0001683168-25-009302 · ownership.xml · nonDerivative · entry 1

Navi Ryan David · CIK 0002100123 · Chief Investment Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,000

Read SEC document
December 15, 2025 Filed Dec 15, 2025 21:10 UTC
Pruitt Michael DChief Executive Officer
PurchaseCommon Stock 1,000 $7.44 $7,440.00
Disclosure

SEC source: 0001683168-25-009158 · ownership.xml · nonDerivative · entry 1

Pruitt Michael D · CIK 0001124144 · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Indirect · By IRA

Disclosed balance after: 1,000

F1 · ownership.nature: The shares were purchased through the Reporting Person's IRA.

Read SEC document
September 10, 2025 Filed Sep 12, 2025 22:50 UTC
Multicoin Capital Management, LLC10% owner · Director by deputization
GrantPre-Funded Warrants · Derivative 4,458,796 $18.50 Strike: $0.01 $82,487,726.00
Disclosure

SEC source: 0001104659-25-089653 · tm2525975-2_4seq1.xml · derivative · entry 3

Multicoin Capital Management, LLC · CIK 0002017172 · 10% owner · Director by deputization

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 4,458,796

Underlying: Common Stock · 4,458,796 shares

Expires not disclosed

F7 · kind: In connection with the PIPE, MCMF LP entered into a Lead Investor Agreement (the "Lead Investor Agreement") with the Issuer and another investor in the PIPE, pursuant to which the Issuer agreed to issue MCMF LP an aggregate number of warrants to purchase 4,458,796 of shares of the Common Stock (the "Lead Investor Warrants") equal to 5% of the securities issued in the PIPE. Also, in connection with the PIPE, the Issuer and the PIPE Investors entered into a Registration Rights Agreement, dated September 6, 2025 (the "Registration Rights Agreement").

F8 · kind: (Cont'd from 7) The Lead Investor Warrants carry an exercise price of one penny ($0.01) per share and shall be exercisable as follows: (1) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 150% of the cash Per Share Purchase Price (as defined in the Securities Purchase Agreement) for 20 out of 30 trading days following the effectiveness of the resale registration statement filed pursuant to the Registration Rights Agreement (the "Resale Registration Statement"); (2) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 200% of the cash Per Share Purchase Price for 20 out of 30 trading days following the effectiveness of the Resale Registration Statement;

F9 · kind: (Cont'd from 8) and (3) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 250% of the cash Per Share Purchase Price for 20 out of 30 trading days following the effectiveness of the Resale Registration Statement. The Lead Investor Warrants include an exercise limitation that prohibits the holder from exercising the Lead Investor Warrants in an amount in excess of the specified ownership threshold of 9.99% of the issued and outstanding shares of Common Stock (the "Blocker").

F7 · shares: In connection with the PIPE, MCMF LP entered into a Lead Investor Agreement (the "Lead Investor Agreement") with the Issuer and another investor in the PIPE, pursuant to which the Issuer agreed to issue MCMF LP an aggregate number of warrants to purchase 4,458,796 of shares of the Common Stock (the "Lead Investor Warrants") equal to 5% of the securities issued in the PIPE. Also, in connection with the PIPE, the Issuer and the PIPE Investors entered into a Registration Rights Agreement, dated September 6, 2025 (the "Registration Rights Agreement").

F8 · shares: (Cont'd from 7) The Lead Investor Warrants carry an exercise price of one penny ($0.01) per share and shall be exercisable as follows: (1) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 150% of the cash Per Share Purchase Price (as defined in the Securities Purchase Agreement) for 20 out of 30 trading days following the effectiveness of the resale registration statement filed pursuant to the Registration Rights Agreement (the "Resale Registration Statement"); (2) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 200% of the cash Per Share Purchase Price for 20 out of 30 trading days following the effectiveness of the Resale Registration Statement;

F9 · shares: (Cont'd from 8) and (3) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 250% of the cash Per Share Purchase Price for 20 out of 30 trading days following the effectiveness of the Resale Registration Statement. The Lead Investor Warrants include an exercise limitation that prohibits the holder from exercising the Lead Investor Warrants in an amount in excess of the specified ownership threshold of 9.99% of the issued and outstanding shares of Common Stock (the "Blocker").

F7 · derivative.exercise_date: In connection with the PIPE, MCMF LP entered into a Lead Investor Agreement (the "Lead Investor Agreement") with the Issuer and another investor in the PIPE, pursuant to which the Issuer agreed to issue MCMF LP an aggregate number of warrants to purchase 4,458,796 of shares of the Common Stock (the "Lead Investor Warrants") equal to 5% of the securities issued in the PIPE. Also, in connection with the PIPE, the Issuer and the PIPE Investors entered into a Registration Rights Agreement, dated September 6, 2025 (the "Registration Rights Agreement").

F8 · derivative.exercise_date: (Cont'd from 7) The Lead Investor Warrants carry an exercise price of one penny ($0.01) per share and shall be exercisable as follows: (1) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 150% of the cash Per Share Purchase Price (as defined in the Securities Purchase Agreement) for 20 out of 30 trading days following the effectiveness of the resale registration statement filed pursuant to the Registration Rights Agreement (the "Resale Registration Statement"); (2) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 200% of the cash Per Share Purchase Price for 20 out of 30 trading days following the effectiveness of the Resale Registration Statement;

F9 · derivative.exercise_date: (Cont'd from 8) and (3) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 250% of the cash Per Share Purchase Price for 20 out of 30 trading days following the effectiveness of the Resale Registration Statement. The Lead Investor Warrants include an exercise limitation that prohibits the holder from exercising the Lead Investor Warrants in an amount in excess of the specified ownership threshold of 9.99% of the issued and outstanding shares of Common Stock (the "Blocker").

F10 · derivative.exercise_date: As a result of the Blocker, as of the date hereof, any attempted exercise of the Lead Investor Warrants beneficially owned by Reporting Persons will not be effected by the Company. Upon 61 days' prior notice to the Issuer, each holder of Lead Investors Warrant may increase or decrease the Blocker, provided that the Blocker in no event exceeds 19.99% of the issued and outstanding shares of Common Stock.

F11 · derivative.expiration_date: The Lead Investor Warrants do not expire.

F3 · ownership.nature: In addition to Multicoin Capital Management, LLC, a Texas limited liability company ("MCM LLC") this Form 4 is being filed jointly by Multicoin Capital Master Fund, LP, a Cayman Islands limited partnership ("MCMF LP"), Pyahm Samani, a citizen of the United States of America ("Mr. Samani"), and Tushar Jain, a citizen of the United States of America ("Mr. Jain") (collectively, the "Reporting Persons").

F4 · ownership.nature: MCM LLC, as the investment adviser to MCMF LP, may be deemed to be the beneficial owner of the MCM Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. By virtue of Mr. Samani's and Mr. Jain's positions as ultimately controlling MCM LLC and MCMF LP, Mr. Samani and Mr. Jain may be deemed to be the beneficial owners of the MCM Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the MCM Securities, except to the extent of any pecuniary interest therein.

F5 · ownership.nature: Pursuant to the Lead Investor Agreement (as defined below), Mr. Samani was appointed as a Multicoin designee to the board of directors of the Issuer, and as a result, each of the other Reporting Persons may be deemed directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934.

Read SEC document
September 10, 2025 Filed Sep 12, 2025 22:50 UTC
Multicoin Capital Management, LLC10% owner · Director by deputization
GrantCommon Stock, par value $0.01 per share 1,351,352 $18.50 $25,000,012.00
Disclosure

SEC source: 0001104659-25-089653 · tm2525975-2_4seq1.xml · nonDerivative · entry 2

Multicoin Capital Management, LLC · CIK 0002017172 · 10% owner · Director by deputization

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 1,351,352

F1 · kind: On September 6, 2025, the Issuer entered into a Securities Purchase Agreement with certain investors (the "PIPE Investors") in a private investment in public equity investment (the "PIPE"), pursuant to which the PIPE Investors agreed to purchase shares of the Issuer's common stock, par value $0.01 per share ("Common Stock") for $18.50 per share.

F6 · shares: Mr. Samani acquired 1,351,352 shares of Common Stock on September 10, 2025, for an aggregate purchase price of $25,000,000 (the "Samani Securities"). Mr. Samani is the sole beneficial owner and has sole voting power of the Samani Securities. Each of Mr. Jain, MCM LLC, and MCMF LP do not have any pecuniary interest in, and disclaim any beneficial ownership of, the Samani Securities.

F3 · ownership.nature: In addition to Multicoin Capital Management, LLC, a Texas limited liability company ("MCM LLC") this Form 4 is being filed jointly by Multicoin Capital Master Fund, LP, a Cayman Islands limited partnership ("MCMF LP"), Pyahm Samani, a citizen of the United States of America ("Mr. Samani"), and Tushar Jain, a citizen of the United States of America ("Mr. Jain") (collectively, the "Reporting Persons").

F4 · ownership.nature: MCM LLC, as the investment adviser to MCMF LP, may be deemed to be the beneficial owner of the MCM Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. By virtue of Mr. Samani's and Mr. Jain's positions as ultimately controlling MCM LLC and MCMF LP, Mr. Samani and Mr. Jain may be deemed to be the beneficial owners of the MCM Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the MCM Securities, except to the extent of any pecuniary interest therein.

F5 · ownership.nature: Pursuant to the Lead Investor Agreement (as defined below), Mr. Samani was appointed as a Multicoin designee to the board of directors of the Issuer, and as a result, each of the other Reporting Persons may be deemed directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934.

Read SEC document
September 10, 2025 Filed Sep 12, 2025 22:50 UTC
Multicoin Capital Management, LLC10% owner · Director by deputization
GrantCommon Stock, par value $0.01 per share 7,947,843 $18.50 $147,035,095.50
Disclosure

SEC source: 0001104659-25-089653 · tm2525975-2_4seq1.xml · nonDerivative · entry 1

Multicoin Capital Management, LLC · CIK 0002017172 · 10% owner · Director by deputization

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 7,947,843

F1 · kind: On September 6, 2025, the Issuer entered into a Securities Purchase Agreement with certain investors (the "PIPE Investors") in a private investment in public equity investment (the "PIPE"), pursuant to which the PIPE Investors agreed to purchase shares of the Issuer's common stock, par value $0.01 per share ("Common Stock") for $18.50 per share.

F2 · shares: MCMF LP (defined below) acquired 7,947,843 shares of Common Stock on September 10, 2025, for an aggregate purchase price of $114,040,000 (the "MCM Securities").

F3 · ownership.nature: In addition to Multicoin Capital Management, LLC, a Texas limited liability company ("MCM LLC") this Form 4 is being filed jointly by Multicoin Capital Master Fund, LP, a Cayman Islands limited partnership ("MCMF LP"), Pyahm Samani, a citizen of the United States of America ("Mr. Samani"), and Tushar Jain, a citizen of the United States of America ("Mr. Jain") (collectively, the "Reporting Persons").

F4 · ownership.nature: MCM LLC, as the investment adviser to MCMF LP, may be deemed to be the beneficial owner of the MCM Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. By virtue of Mr. Samani's and Mr. Jain's positions as ultimately controlling MCM LLC and MCMF LP, Mr. Samani and Mr. Jain may be deemed to be the beneficial owners of the MCM Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the MCM Securities, except to the extent of any pecuniary interest therein.

F5 · ownership.nature: Pursuant to the Lead Investor Agreement (as defined below), Mr. Samani was appointed as a Multicoin designee to the board of directors of the Issuer, and as a result, each of the other Reporting Persons may be deemed directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934.

Read SEC document
September 10, 2025 Filed Sep 18, 2025 20:10 UTC Amendment
Multicoin Capital Management, LLC10% owner · Director by deputization
Multicoin Capital Master Fund, LP10% owner · Director by deputization
Samani PyahmDirector · 10% owner
Jain Tushar10% owner · Director by deputization
GrantPre-Funded Warrants · Derivative 4,458,796 $18.50 Strike: $0.01 $82,487,726.00
Disclosure

SEC source: 0001104659-25-091243 · tm2526460-2_4aseq1.xml · derivative · entry 3

Multicoin Capital Management, LLC · CIK 0002017172 · 10% owner · Director by deputization

Multicoin Capital Master Fund, LP · CIK 0002086559 · 10% owner · Director by deputization

Samani Pyahm · CIK 0001868197 · Director · 10% owner

Jain Tushar · CIK 0001868193 · 10% owner · Director by deputization

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 4,458,796

Underlying: Common Stock · 4,458,796 shares

Expires not disclosed

F7 · kind: In connection with the PIPE, MCMF LP entered into a Lead Investor Agreement (the "Lead Investor Agreement") with the Issuer and another investor in the PIPE, pursuant to which the Issuer agreed to issue MCMF LP an aggregate number of warrants to purchase 4,458,796 of shares of the Common Stock (the "Lead Investor Warrants") equal to 5% of the securities issued in the PIPE. Also, in connection with the PIPE, the Issuer and the PIPE Investors entered into a Registration Rights Agreement, dated September 6, 2025 (the "Registration Rights Agreement").

F8 · kind: (Cont'd from 7) The Lead Investor Warrants carry an exercise price of one penny ($0.01) per share and shall be exercisable as follows: (1) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 150% of the cash Per Share Purchase Price (as defined in the Securities Purchase Agreement) for 20 out of 30 trading days following the effectiveness of the resale registration statement filed pursuant to the Registration Rights Agreement (the "Resale Registration Statement"); (2) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 200% of the cash Per Share Purchase Price for 20 out of 30 trading days following the effectiveness of the Resale Registration Statement;

F9 · kind: (Cont'd from 8) and (3) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 250% of the cash Per Share Purchase Price for 20 out of 30 trading days following the effectiveness of the Resale Registration Statement. The Lead Investor Warrants include an exercise limitation that prohibits the holder from exercising the Lead Investor Warrants in an amount in excess of the specified ownership threshold of 9.99% of the issued and outstanding shares of Common Stock (the "Blocker").

F7 · shares: In connection with the PIPE, MCMF LP entered into a Lead Investor Agreement (the "Lead Investor Agreement") with the Issuer and another investor in the PIPE, pursuant to which the Issuer agreed to issue MCMF LP an aggregate number of warrants to purchase 4,458,796 of shares of the Common Stock (the "Lead Investor Warrants") equal to 5% of the securities issued in the PIPE. Also, in connection with the PIPE, the Issuer and the PIPE Investors entered into a Registration Rights Agreement, dated September 6, 2025 (the "Registration Rights Agreement").

F8 · shares: (Cont'd from 7) The Lead Investor Warrants carry an exercise price of one penny ($0.01) per share and shall be exercisable as follows: (1) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 150% of the cash Per Share Purchase Price (as defined in the Securities Purchase Agreement) for 20 out of 30 trading days following the effectiveness of the resale registration statement filed pursuant to the Registration Rights Agreement (the "Resale Registration Statement"); (2) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 200% of the cash Per Share Purchase Price for 20 out of 30 trading days following the effectiveness of the Resale Registration Statement;

F9 · shares: (Cont'd from 8) and (3) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 250% of the cash Per Share Purchase Price for 20 out of 30 trading days following the effectiveness of the Resale Registration Statement. The Lead Investor Warrants include an exercise limitation that prohibits the holder from exercising the Lead Investor Warrants in an amount in excess of the specified ownership threshold of 9.99% of the issued and outstanding shares of Common Stock (the "Blocker").

F7 · derivative.exercise_date: In connection with the PIPE, MCMF LP entered into a Lead Investor Agreement (the "Lead Investor Agreement") with the Issuer and another investor in the PIPE, pursuant to which the Issuer agreed to issue MCMF LP an aggregate number of warrants to purchase 4,458,796 of shares of the Common Stock (the "Lead Investor Warrants") equal to 5% of the securities issued in the PIPE. Also, in connection with the PIPE, the Issuer and the PIPE Investors entered into a Registration Rights Agreement, dated September 6, 2025 (the "Registration Rights Agreement").

F8 · derivative.exercise_date: (Cont'd from 7) The Lead Investor Warrants carry an exercise price of one penny ($0.01) per share and shall be exercisable as follows: (1) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 150% of the cash Per Share Purchase Price (as defined in the Securities Purchase Agreement) for 20 out of 30 trading days following the effectiveness of the resale registration statement filed pursuant to the Registration Rights Agreement (the "Resale Registration Statement"); (2) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 200% of the cash Per Share Purchase Price for 20 out of 30 trading days following the effectiveness of the Resale Registration Statement;

F9 · derivative.exercise_date: (Cont'd from 8) and (3) one-third (1/3) of the Lead Investor Warrants shall be exercisable on and after the first date on which the closing trading price of the Issuer's Common Stock on its principal stock exchange is equal to or greater than 250% of the cash Per Share Purchase Price for 20 out of 30 trading days following the effectiveness of the Resale Registration Statement. The Lead Investor Warrants include an exercise limitation that prohibits the holder from exercising the Lead Investor Warrants in an amount in excess of the specified ownership threshold of 9.99% of the issued and outstanding shares of Common Stock (the "Blocker").

F10 · derivative.exercise_date: As a result of the Blocker, as of the date hereof, any attempted exercise of the Lead Investor Warrants beneficially owned by Reporting Persons will not be effected by the Company. Upon 61 days' prior notice to the Issuer, each holder of Lead Investors Warrant may increase or decrease the Blocker, provided that the Blocker in no event exceeds 19.99% of the issued and outstanding shares of Common Stock.

F11 · derivative.expiration_date: The Lead Investor Warrants do not expire.

F3 · ownership.nature: In addition to Multicoin Capital Management, LLC, a Texas limited liability company ("MCM LLC") this Form 4 is being filed jointly by Multicoin Capital Master Fund, LP, a Cayman Islands limited partnership ("MCMF LP"), Pyahm Samani, a citizen of the United States of America ("Mr. Samani"), and Tushar Jain, a citizen of the United States of America ("Mr. Jain") (collectively, the "Reporting Persons").

F4 · ownership.nature: MCM LLC, as the investment adviser to MCMF LP, may be deemed to be the beneficial owner of the MCM Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. By virtue of Mr. Samani's and Mr. Jain's positions as ultimately controlling MCM LLC and MCMF LP, Mr. Samani and Mr. Jain may be deemed to be the beneficial owners of the MCM Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the MCM Securities, except to the extent of any pecuniary interest therein.

F5 · ownership.nature: Pursuant to the Lead Investor Agreement (as defined below), Mr. Samani was appointed as a Multicoin designee to the board of directors of the Issuer, and as a result, each of the other Reporting Persons may be deemed directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934.

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September 10, 2025 Filed Sep 18, 2025 20:10 UTC Amendment
Multicoin Capital Management, LLC10% owner · Director by deputization
Multicoin Capital Master Fund, LP10% owner · Director by deputization
Samani PyahmDirector · 10% owner
Jain Tushar10% owner · Director by deputization
GrantCommon Stock, par value $0.01 per share 1,351,352 $18.50 $25,000,012.00
Disclosure

SEC source: 0001104659-25-091243 · tm2526460-2_4aseq1.xml · nonDerivative · entry 2

Multicoin Capital Management, LLC · CIK 0002017172 · 10% owner · Director by deputization

Multicoin Capital Master Fund, LP · CIK 0002086559 · 10% owner · Director by deputization

Samani Pyahm · CIK 0001868197 · Director · 10% owner

Jain Tushar · CIK 0001868193 · 10% owner · Director by deputization

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 1,351,352

F1 · kind: On September 6, 2025, the Issuer entered into a Securities Purchase Agreement with certain investors (the "PIPE Investors") in a private investment in public equity investment (the "PIPE"), pursuant to which the PIPE Investors agreed to purchase shares of the Issuer's common stock, par value $0.01 per share ("Common Stock") for $18.50 per share.

F6 · shares: Mr. Samani acquired 1,351,352 shares of Common Stock on September 10, 2025, for an aggregate purchase price of $25,000,000 (the "Samani Securities"). Mr. Samani is the sole beneficial owner and has sole voting power of the Samani Securities. Each of Mr. Jain, MCM LLC, and MCMF LP do not have any pecuniary interest in, and disclaim any beneficial ownership of, the Samani Securities.

F3 · ownership.nature: In addition to Multicoin Capital Management, LLC, a Texas limited liability company ("MCM LLC") this Form 4 is being filed jointly by Multicoin Capital Master Fund, LP, a Cayman Islands limited partnership ("MCMF LP"), Pyahm Samani, a citizen of the United States of America ("Mr. Samani"), and Tushar Jain, a citizen of the United States of America ("Mr. Jain") (collectively, the "Reporting Persons").

F4 · ownership.nature: MCM LLC, as the investment adviser to MCMF LP, may be deemed to be the beneficial owner of the MCM Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. By virtue of Mr. Samani's and Mr. Jain's positions as ultimately controlling MCM LLC and MCMF LP, Mr. Samani and Mr. Jain may be deemed to be the beneficial owners of the MCM Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the MCM Securities, except to the extent of any pecuniary interest therein.

F5 · ownership.nature: Pursuant to the Lead Investor Agreement (as defined below), Mr. Samani was appointed as a Multicoin designee to the board of directors of the Issuer, and as a result, each of the other Reporting Persons may be deemed directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934.

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September 10, 2025 Filed Sep 18, 2025 20:10 UTC Amendment
Multicoin Capital Management, LLC10% owner · Director by deputization
Multicoin Capital Master Fund, LP10% owner · Director by deputization
Samani PyahmDirector · 10% owner
Jain Tushar10% owner · Director by deputization
GrantCommon Stock, par value $0.01 per share 7,947,843 $18.50 $147,035,095.50
Disclosure

SEC source: 0001104659-25-091243 · tm2526460-2_4aseq1.xml · nonDerivative · entry 1

Multicoin Capital Management, LLC · CIK 0002017172 · 10% owner · Director by deputization

Multicoin Capital Master Fund, LP · CIK 0002086559 · 10% owner · Director by deputization

Samani Pyahm · CIK 0001868197 · Director · 10% owner

Jain Tushar · CIK 0001868193 · 10% owner · Director by deputization

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 7,947,843

F1 · kind: On September 6, 2025, the Issuer entered into a Securities Purchase Agreement with certain investors (the "PIPE Investors") in a private investment in public equity investment (the "PIPE"), pursuant to which the PIPE Investors agreed to purchase shares of the Issuer's common stock, par value $0.01 per share ("Common Stock") for $18.50 per share.

F2 · shares: MCMF LP (defined below) acquired 7,947,843 shares of Common Stock on September 10, 2025, for an aggregate purchase price of $114,040,000 (the "MCM Securities").

F3 · ownership.nature: In addition to Multicoin Capital Management, LLC, a Texas limited liability company ("MCM LLC") this Form 4 is being filed jointly by Multicoin Capital Master Fund, LP, a Cayman Islands limited partnership ("MCMF LP"), Pyahm Samani, a citizen of the United States of America ("Mr. Samani"), and Tushar Jain, a citizen of the United States of America ("Mr. Jain") (collectively, the "Reporting Persons").

F4 · ownership.nature: MCM LLC, as the investment adviser to MCMF LP, may be deemed to be the beneficial owner of the MCM Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. By virtue of Mr. Samani's and Mr. Jain's positions as ultimately controlling MCM LLC and MCMF LP, Mr. Samani and Mr. Jain may be deemed to be the beneficial owners of the MCM Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the MCM Securities, except to the extent of any pecuniary interest therein.

F5 · ownership.nature: Pursuant to the Lead Investor Agreement (as defined below), Mr. Samani was appointed as a Multicoin designee to the board of directors of the Issuer, and as a result, each of the other Reporting Persons may be deemed directors by deputization for purposes of Section 16 of the Securities Exchange Act of 1934.

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September 08, 2025 Filed Sep 11, 2025 20:00 UTC GrantStock Options (Right to Buy) · Derivative 45,000 Not disclosed Strike: $18.50 Not disclosed
Disclosure

SEC source: 0001683168-25-006865 · ownership.xml · derivative · entry 1

Hrynkow Sharon Hemond · CIK 0001745677 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 45,000

Underlying: Common Stock · 45,000 shares

Expires 2030-09-08

F2 · price: Not applicable.

F1 · derivative.exercise_date: The grant of the Issuer's stock options was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Board of Directors. The stock options are fully vested and granted under the Issuer's 2021 Equity Incentive Plan.

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September 08, 2025 Filed Sep 11, 2025 20:00 UTC
Shah SangitaDirector
GrantCommon Stock 50,000 $18.50 $925,000.00
Disclosure

SEC source: 0001683168-25-006866 · ownership.xml · nonDerivative · entry 1

Shah Sangita · CIK 0001634019 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 50,000

F1 · security: The grant of the Issuer's restricted common stock was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Board of Directors. The shares are fully vested and granted under the Issuer's 2021 Equity Incentive Plan.

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September 08, 2025 Filed Sep 11, 2025 20:00 UTC
Pruitt Michael DChief Executive Officer
GrantStock Options (Right to Buy) · Derivative 90,000 Not disclosed Strike: $18.50 Not disclosed
Disclosure

SEC source: 0001683168-25-006864 · ownership.xml · derivative · entry 1

Pruitt Michael D · CIK 0001124144 · Chief Executive Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 90,000

Underlying: Common Stock · 90,000 shares

Expires 2030-09-08

F2 · price: Not applicable.

F1 · derivative.exercise_date: The grant of the Issuer's stock options was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Board of Directors. The stock options are fully vested and granted under the Issuer's 2021 Equity Incentive Plan.

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September 08, 2025 Filed Sep 11, 2025 20:00 UTC
Weisberg KathleenChief Financial Officer
GrantStock Options (Right to Buy) · Derivative 45,000 Not disclosed Strike: $18.50 Not disclosed
Disclosure

SEC source: 0001683168-25-006863 · ownership.xml · derivative · entry 1

Weisberg Kathleen · CIK 0001980190 · Chief Financial Officer

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 45,000

Underlying: Common Stock · 45,000 shares

Expires 2030-09-08

F2 · price: Not applicable.

F1 · derivative.exercise_date: The grant of the Issuer's stock options was exempt from Section 16(b) of the Securities Exchange Act of 1934 by virtue of Rule 16b-3 promulgated thereunder, as it was approved by the Issuer's Board of Directors. The stock options are fully vested and granted under the Issuer's 2021 Equity Incentive Plan.

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June 01, 2025 Filed Jun 3, 2025 20:03 UTC
Shah SangitaDirector
GrantStock Options (Right to Buy) · Derivative 12,147 Not disclosed Strike: $6.37 Not disclosed
Disclosure

SEC source: 0001683168-25-004191 · ownership.xml · derivative · entry 1

Shah Sangita · CIK 0001634019 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,147

Underlying: Common Stock · 12,147 shares

Expires 2030-06-01

F2 · price: Not applicable.

F1 · derivative.exercise_date: The stock options shall vest on June 1, 2026, subject to continued service as a director on the vesting date.

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June 01, 2025 Filed Jun 3, 2025 20:03 UTC GrantStock Options (Right to Buy) · Derivative 12,147 Not disclosed Strike: $6.37 Not disclosed
Disclosure

SEC source: 0001683168-25-004190 · ownership.xml · derivative · entry 1

Johnson Keith J · CIK 0001484669 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,147

Underlying: Common Stock · 12,147 shares

Expires 2030-06-01

F2 · price: Not applicable.

F1 · derivative.exercise_date: The stock options shall vest on June 1, 2026, subject to continued service as a director on the vesting date.

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June 01, 2025 Filed Jun 3, 2025 20:03 UTC GrantStock Options (Right to Buy) · Derivative 12,147 Not disclosed Strike: $6.37 Not disclosed
Disclosure

SEC source: 0001683168-25-004189 · ownership.xml · derivative · entry 1

Hrynkow Sharon Hemond · CIK 0001745677 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 12,147

Underlying: Common Stock · 12,147 shares

Expires 2030-06-01

F2 · price: Not applicable.

F1 · derivative.exercise_date: The stock options shall vest on June 1, 2026, subject to continued service as a director on the vesting date.

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March 18, 2025 Filed Apr 8, 2026 21:04 UTC Amendment
Jain Tushar10% owner
Disposition to issuerCommon Stock, par value $0.01 per share 6,164,324 $4.44 $27,369,598.56
Disclosure

SEC source: 0001104659-26-041000 · tm2611419-1_4aseq1.xml · nonDerivative · entry 1

Multicoin Capital Management, LLC · CIK 0002017172 · 10% owner

Multicoin Capital Master Fund, LP · CIK 0002086559 · 10% owner

Jain Tushar · CIK 0001868193 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 1,783,519

F1 · kind: On March 18, 2026, Multicoin Capital Master Fund, LP, a Cayman Islands limited partnership ("MCMF LP") entered into a Securities Repurchase Agreement (the "Repurchase Agreement") with the Issuer, pursuant to which the Issuer repurchased 6,164,324 shares of the Issuer's common stock, par value $0.01 per share ("Common Stock") from MCMF LP (the "Repurchased Shares") for an aggregate purchase price of $27,369,598.56.

F1 · shares: On March 18, 2026, Multicoin Capital Master Fund, LP, a Cayman Islands limited partnership ("MCMF LP") entered into a Securities Repurchase Agreement (the "Repurchase Agreement") with the Issuer, pursuant to which the Issuer repurchased 6,164,324 shares of the Issuer's common stock, par value $0.01 per share ("Common Stock") from MCMF LP (the "Repurchased Shares") for an aggregate purchase price of $27,369,598.56.

F2 · balance_after: As a result of the Repurchase Agreement, the Reporting Persons (as defined below) may be deemed to be the beneficial owners of 1,783,519 shares of Common Stock (the "MCM Securities").

F3 · ownership.nature: In addition to Multicoin Capital Management, LLC, a Texas limited liability company ("MCM LLC") this Form 4 is being filed jointly by MCMF LP and Tushar Jain, a citizen of the United States of America ("Mr. Jain") (collectively, the "Reporting Persons").

F4 · ownership.nature: MCM LLC, as the investment adviser to MCMF LP, may be deemed to be the beneficial owner of the MCM Securities for purposes of Rule 16a-1(a) under the Securities Exchange Act of 1934. By virtue of Mr. Jain's position as ultimately controlling MCM LLC and MCMF LP, Mr. Jain may be deemed to be the beneficial owner of the MCM Securities for purposes of Rule 16a-1(a). Each of the Reporting Persons disclaims any beneficial ownership of any of the MCM Securties, except to the extent of any pecuniary interest therein.

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February 01, 2025 Filed Feb 3, 2025 21:24 UTC GrantStock Options (Right to Buy) · Derivative 13,779 Not disclosed Strike: $6.01 Not disclosed
Disclosure

SEC source: 0001683168-25-000654 · ownership.xml · derivative · entry 1

Pruitt Michael D · CIK 0001124144 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 13,779

Underlying: Common Stock · 13,779 shares

Expires 2030-02-01

F2 · price: Not applicable.

F1 · derivative.exercise_date: The stock options shall vest on February 1, 2026, subject to continued service as a director on the vesting date.

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October 01, 2024 Filed Oct 2, 2024 20:03 UTC
Shah SangitaDirector
GrantStock Options (Right to Buy) · Derivative 24,010 Not disclosed Strike: $3.73 Not disclosed
Disclosure

SEC source: 0001683168-24-006840 · ownership.xml · derivative · entry 1

Shah Sangita · CIK 0001634019 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,010

Underlying: Common Stock · 24,010 shares

Expires 2029-10-01

F2 · price: Not applicable.

F1 · derivative.exercise_date: The stock options shall vest on October 1, 2025, subject to continued service as a director on the vesting date.

Read SEC document
October 01, 2024 Filed Oct 2, 2024 20:03 UTC GrantStock Options (Right to Buy) · Derivative 24,010 Not disclosed Strike: $3.73 Not disclosed
Disclosure

SEC source: 0001683168-24-006839 · ownership.xml · derivative · entry 1

Hrynkow Sharon Hemond · CIK 0001745677 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 24,010

Underlying: Common Stock · 24,010 shares

Expires 2029-10-01

F2 · price: Not applicable.

F1 · derivative.exercise_date: The stock options shall vest on October 1, 2025, subject to continued service as a director on the vesting date.

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July 05, 2024 Filed Jul 9, 2024 20:05 UTC
Terence Bernard WiseDirector · Chief Executive Officer · 10% owner
GrantSeries A-1 Convertible Preferred Stock · Derivative 1,700 Not disclosed Strike: $7.50 Not disclosed
Disclosure

SEC source: 0001683168-24-004719 · ownership.xml · derivative · entry 1

Terence Bernard Wise · CIK 0001536431 · Director · Chief Executive Officer · 10% owner

10b5-1 filing: No plan indicated

Ownership: Indirect · See footnote

Disclosed balance after: 1,700

Underlying: Common Stock · Not disclosed shares

Expires not disclosed

F1 · price: The shares of Series A-1 Convertible Preferred Stock (the "PS") are convertible into shares of common stock at $7.50 per share or 226,667 shares (product of stated value of $1,000 and 1,700 shares). The shares of PS have a 19.9% conversion blocker. The PS is perpetual and therefore has no expiration date. The reporting person acquired the shares of PS in consideration for $1.7 million of forgiven payables due to Forward Industries (Asia-Pacific) Corporation.

F1 · derivative.exercise_date: The shares of Series A-1 Convertible Preferred Stock (the "PS") are convertible into shares of common stock at $7.50 per share or 226,667 shares (product of stated value of $1,000 and 1,700 shares). The shares of PS have a 19.9% conversion blocker. The PS is perpetual and therefore has no expiration date. The reporting person acquired the shares of PS in consideration for $1.7 million of forgiven payables due to Forward Industries (Asia-Pacific) Corporation.

F1 · derivative.expiration_date: The shares of Series A-1 Convertible Preferred Stock (the "PS") are convertible into shares of common stock at $7.50 per share or 226,667 shares (product of stated value of $1,000 and 1,700 shares). The shares of PS have a 19.9% conversion blocker. The PS is perpetual and therefore has no expiration date. The reporting person acquired the shares of PS in consideration for $1.7 million of forgiven payables due to Forward Industries (Asia-Pacific) Corporation.

F1 · derivative.underlying_shares: The shares of Series A-1 Convertible Preferred Stock (the "PS") are convertible into shares of common stock at $7.50 per share or 226,667 shares (product of stated value of $1,000 and 1,700 shares). The shares of PS have a 19.9% conversion blocker. The PS is perpetual and therefore has no expiration date. The reporting person acquired the shares of PS in consideration for $1.7 million of forgiven payables due to Forward Industries (Asia-Pacific) Corporation.

F2 · ownership.nature: The shares of PS and the underlying shares of common stock are indirectly owned by the reporting person through Forward Industries (Asia-Pacific) Corporation.

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October 01, 2023 Filed Oct 3, 2023 20:02 UTC
Shah SangitaDirector
GrantStock Options (Right to Buy) · Derivative 110,803 Not disclosed Strike: $0.76 Not disclosed
Disclosure

SEC source: 0001683168-23-006932 · ownership.xml · derivative · entry 1

Shah Sangita · CIK 0001634019 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 110,803

Underlying: Common Stock · 110,803 shares

Expires 2028-10-01

F2 · price: Not applicable.

F1 · derivative.exercise_date: The stock options vest on October 1, 2024, subject to continued service as a director on the vesting date.

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October 01, 2023 Filed Oct 3, 2023 20:02 UTC GrantStock Options (Right to Buy) · Derivative 110,803 Not disclosed Strike: $0.76 Not disclosed
Disclosure

SEC source: 0001683168-23-006931 · ownership.xml · derivative · entry 1

Hrynkow Sharon Hemond · CIK 0001745677 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 110,803

Underlying: Common Stock · 110,803 shares

Expires 2028-10-01

F2 · price: Not applicable.

F1 · derivative.exercise_date: The stock options vest on October 1, 2024, subject to continued service as a director on the vesting date.

Read SEC document
October 01, 2023 Filed Oct 3, 2023 20:02 UTC GrantStock Options (Right to Buy) · Derivative 110,803 Not disclosed Strike: $0.76 Not disclosed
Disclosure

SEC source: 0001683168-23-006929 · ownership.xml · derivative · entry 1

ZIGLAR JAMES W · CIK 0001273598 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 110,803

Underlying: Common Stock · 110,803 shares

Expires 2028-10-01

F2 · price: Not applicable.

F1 · derivative.exercise_date: The stock options vest on October 1, 2024, subject to continued service as a director on the vesting date.

Read SEC document
May 31, 2023 Filed Jun 2, 2023 20:02 UTC GrantStock Options (Right to Buy) · Derivative 41,580 Not disclosed Strike: $1.03 Not disclosed
Disclosure

SEC source: 0001683168-23-003857 · ownership.xml · derivative · entry 1

ZIGLAR JAMES W · CIK 0001273598 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,580

Underlying: Common Stock · 41,580 shares

Expires 2028-05-31

F2 · price: Not applicable.

F1 · derivative.exercise_date: The stock options vest six months from the Transaction Date, subject to continued service as a director on the vesting date.

Read SEC document
May 31, 2023 Filed Jun 2, 2023 20:02 UTC GrantStock Options (Right to Buy) · Derivative 41,580 Not disclosed Strike: $1.03 Not disclosed
Disclosure

SEC source: 0001683168-23-003859 · ownership.xml · derivative · entry 1

Hrynkow Sharon Hemond · CIK 0001745677 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,580

Underlying: Common Stock · 41,580 shares

Expires 2028-05-31

F2 · price: Not applicable.

F1 · derivative.exercise_date: The stock options vest six months from the Transaction Date, subject to continued service as a director on the vesting date.

Read SEC document
May 31, 2023 Filed Jun 2, 2023 20:02 UTC
Shah SangitaDirector
GrantStock Options (Right to Buy) · Derivative 41,580 Not disclosed Strike: $1.03 Not disclosed
Disclosure

SEC source: 0001683168-23-003856 · ownership.xml · derivative · entry 1

Shah Sangita · CIK 0001634019 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 41,580

Underlying: Common Stock · 41,580 shares

Expires 2028-05-31

F2 · price: Not applicable.

F1 · derivative.exercise_date: The stock options vest six months from the Transaction Date, subject to continued service as a director on the vesting date.

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May 25, 2023 Filed May 31, 2023 20:01 UTC
Shah SangitaDirector
PurchaseCommon Stock 3,000 $1.03 $3,083.70
Disclosure

SEC source: 0001683168-23-003777 · ownership.xml · nonDerivative · entry 2

Shah Sangita · CIK 0001634019 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote

Disclosed balance after: 111,123

F1 · ownership.direct: The shares are held by Odyssean Enterprises Ltd., an entity the Reporting Person controls with her husband.

F1 · ownership.nature: The shares are held by Odyssean Enterprises Ltd., an entity the Reporting Person controls with her husband.

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May 24, 2023 Filed May 31, 2023 20:01 UTC
Shah SangitaDirector
PurchaseCommon Stock 400 $1.02 $408.00
Disclosure

SEC source: 0001683168-23-003777 · ownership.xml · nonDerivative · entry 1

Shah Sangita · CIK 0001634019 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · See Foonote

Disclosed balance after: 108,123

F1 · ownership.direct: The shares are held by Odyssean Enterprises Ltd., an entity the Reporting Person controls with her husband.

F1 · ownership.nature: The shares are held by Odyssean Enterprises Ltd., an entity the Reporting Person controls with her husband.

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May 23, 2023 Filed May 25, 2023 20:03 UTC
Shah SangitaDirector
PurchaseCommon Stock 2,723 $1.01 $2,758.13
Disclosure

SEC source: 0001683168-23-003701 · ownership.xml · nonDerivative · entry 1

Shah Sangita · CIK 0001634019 · Director

10b5-1 filing: No plan indicated

Ownership: Indirect · See Footnote 1

Disclosed balance after: 107,723

F1 · ownership.direct: The shares are held by Odyssean Enterprises Ltd., an entity the Reporting Person controls with her husband.

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December 20, 2022 Filed Dec 21, 2022 21:03 UTC PurchaseCommon Stock 4,855 $1.16 $5,631.80
Disclosure

SEC source: 0001683168-22-008580 · ownership.xml · nonDerivative · entry 2

Hrynkow Sharon Hemond · CIK 0001745677 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,855

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December 20, 2022 Filed Dec 21, 2022 21:03 UTC PurchaseCommon Stock 5,000 $1.13 $5,650.00
Disclosure

SEC source: 0001683168-22-008580 · ownership.xml · nonDerivative · entry 1

Hrynkow Sharon Hemond · CIK 0001745677 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,000

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December 19, 2022 Filed Dec 21, 2022 21:02 UTC PurchaseCommon Stock 10,000 $1.13 $11,327.00
Disclosure

SEC source: 0001683168-22-008579 · ownership.xml · nonDerivative · entry 1

ZIGLAR JAMES W · CIK 0001273598 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 20,000

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July 01, 2022 Filed Jul 15, 2022 21:09 UTC
Shah SangitaDirector
GrantStock Options (Right to Buy) · Derivative 13,605 Not disclosed Strike: $1.47 Not disclosed
Disclosure

SEC source: 0001683168-22-004993 · ownership.xml · derivative · entry 2

Shah Sangita · CIK 0001634019 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,605

Underlying: Common Stock · 13,605 shares

Expires 2027-07-01

F2 · price: Not applicable.

F3 · derivative.exercise_date: The stock options vest one year from the Transaction Date, subject to continued service as a director on the vesting date.

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July 01, 2022 Filed Jul 15, 2022 21:09 UTC
Shah SangitaDirector
GrantStock Options (Right to Buy) · Derivative 14,451 Not disclosed Strike: $1.47 Not disclosed
Disclosure

SEC source: 0001683168-22-004993 · ownership.xml · derivative · entry 1

Shah Sangita · CIK 0001634019 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,451

Underlying: Common Stock · 14,451 shares

Expires 2027-07-01

F2 · price: Not applicable.

F1 · derivative.exercise_date: Fully vested.

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Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.