Forward Air Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NasdaqGS:FWRD Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
25 Aug 23	BuyUS$99,992	Chris Ruble	Individual	1,433.17	US$69.77
25 Aug 23	BuyUS$75,013	Kyle Mitchin	Individual	1,093	US$68.63
22 Aug 23	BuyUS$20,365	Nancee Ronning	Individual	315	US$64.65
18 Aug 23	BuyUS$103,744	R. Carlock	Individual	1,600	US$64.84
18 Aug 23	BuyUS$25,499	Kyle Mitchin	Individual	397.68	US$64.12
18 Aug 23	BuyUS$321,650	C. Campbell	Individual	5,000	US$64.33
18 Aug 23	BuyUS$32,000	George Mayes	Individual	500	US$64.00
18 Aug 23	BuyUS$31,640	George Lynch	Individual	500	US$63.28
18 Aug 23	BuyUS$64,590	Javier Polit	Individual	1,000	US$64.59
17 Aug 23	BuyUS$1,006,335	Thomas Schmitt	Individual	16,050	US$62.70
17 Aug 23	BuyUS$102,016	Chitra Nayak	Individual	1,600	US$63.76
17 Aug 23	BuyUS$128,120	Ronald Allen	Individual	2,000	US$64.06
17 Aug 23	BuyUS$244,920	Laurie Tucker	Individual	4,000	US$61.23
17 Aug 23	BuyUS$24,929	Michael Hance	Individual	411	US$60.66

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of FWRD?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	4,919	0.014%
State or Government	15,401	0.0438%
Individual Insiders	437,483	1.24%
VC/PE Firms	5,559,589	15.8%
Institutions	29,136,717	82.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 106.71% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
17.7%	BlackRock, Inc.	4,684,978	US$97.8m	14.3%	no data
13.8%	Clearlake Capital Group, L.P.	3,649,876	US$76.2m	239%	6.11%
12.9%	The Vanguard Group, Inc.	3,407,797	US$71.2m	14.3%	no data
8.05%	Pacer Advisors, Inc.	2,129,200	US$44.5m	230%	0.11%
7.22%	Ridgemont Partners Management, LLC	1,909,713	US$39.9m	173%	15.68%
6.39%	Cetus Capital, LLC, Asset Management Arm	1,690,599	US$35.3m	0%	no data
4.78%	Morgan Stanley, Investment Banking and Brokerage Investments	1,263,665	US$26.4m	35.1%	no data
4.74%	State Street Global Advisors, Inc.	1,253,626	US$26.2m	16.5%	no data
3.77%	Private Management Group Inc	996,705	US$20.8m	0%	0.82%
2.62%	Deutsche Asset & Wealth Management	691,883	US$14.4m	361%	0.01%
2.6%	Norges Bank Investment Management	688,425	US$14.4m	0%	no data
2.6%	Dimensional Fund Advisors LP	686,260	US$14.3m	-14.6%	no data
2.58%	Geode Capital Management, LLC	682,294	US$14.2m	12%	no data
2.5%	Invesco Ltd.	660,348	US$13.8m	2,090%	no data
2.01%	Millennium Management LLC	531,525	US$11.1m	15.7%	0.01%
1.93%	Paralel Advisors LLC	510,000	US$10.6m	0%	0.5%
1.68%	Charles Schwab Investment Management, Inc.	443,433	US$9.3m	24.2%	no data
1.49%	Numeric Investors LLC	394,924	US$8.2m	356%	0.03%
1.23%	ClearBridge Investments, LLC	324,008	US$6.8m	-52.1%	no data
1.22%	BNY Asset Management	322,451	US$6.7m	16.9%	no data
1.11%	Northern Trust Global Investments	293,154	US$6.1m	-29.3%	no data
0.96%	Teachers Insurance and Annuity Association-College Retirement Equities Fund	253,541	US$5.3m	-28.8%	no data
0.94%	Citadel Advisors LLC	248,735	US$5.2m	180%	0.01%
0.94%	Voloridge Investment Management, LLC	248,144	US$5.2m	131%	0.02%
0.94%	Eaton Vance Management	248,108	US$5.2m	-58.6%	no data