MICHAEL B. HODGE - 30 Oct 2024 Form 4 Insider Report for FORWARD AIR CORP (FWRD)

Role
Director
Signature
/s/ Michael L. Hance, Attorney-in-Fact
Issuer symbol
FWRD
Transactions as of
30 Oct 2024
Transactions value $
$0
Form type
4
Filing time
05 Nov 2024, 16:02:17 UTC
Previous filing
06 Aug 2024
Next filing
08 May 2025
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction FWRD Series B Preferred Units Other $0 -991,945 -100% $0 0 30 Oct 2024 Common Stock 991,945 $0 By LLC F1, F2
transaction FWRD Series B Preferred Units Other $0 +560,774 $0 560,774 30 Oct 2024 Common Stock 560,774 $0 Direct F2
transaction FWRD Class B Units Other $0 -991,945 -100% $0 0 30 Oct 2024 Common Stock 991,945 $0 By LLC F3, F4
transaction FWRD Class B Units Other $0 +560,774 $0 560,774 30 Oct 2024 Common Stock 560,774 $0 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 30, 2024, EVE Omni Investor, LLC (the "LLC"), made a distribution of 991,945 Series B Preferred Units to its members. In prior reports, the reporting person reported beneficial ownership of all 991,945 Series B Preferred Units held by the LLC as held indirectly by the reporting person.
F2 On October 30, 2024, the reporting person received 560,774 Series B Preferred Units as a distribution from the LLC. Series B Preferred Units are exchangeable at the option of the holder into shares of the Issuer's common stock. The Series B Preferred Units do not have an expiration date.
F3 On October 30, 2024, the LLC, made a distribution of 991,945 Opco Class B Units to its members. In prior reports, the reporting person reported beneficial ownership of all 991,945 Opco Class B Units held by the LLC as held indirectly by the reporting person.
F4 On October 30, 2024, the reporting person received 560,774 Opco Class B Units as a distribution from the LLC. Opco Class B Units are exchangeable at the option of the holder into shares of the Issuer's common stock. The Opco Class B Units do not have an expiration date.