Workhorse Group Inc. — Director's Dealing 2019

Dec 19, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Workhorse Group Inc. (WKHS)
CIK: 0001425287
Period of Report: 2019-12-17

Reporting Person: Chess Raymond Joseph (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-17	Common Stock	F	5147	$2.72	Disposed	149289	Direct
2019-12-17	Common Stock	M	10000	$1.40	Acquired	154436	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-17	Stock Options	$1.4	M	10000	Disposed	2019-12-19	Common Stock (10000.0)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$7.21	2021-08-16	Common Stock (10000.0)	10000	Direct
Stock Options	$4.99	2021-02-01	Common Stock (10000.0)	10000	Direct
Stock Options	$1.75	2020-08-11	Common Stock (10000.0)	10000	Direct

Footnotes

F1: This Form is being filed to report the exercise of a stock option pursuant to which the Reporting Person received an aggregate of 10,000 shares by means of a cashless exercise. A cashless exercise is a method of exercising a stock option in which the option holder pays the exercise price to the Company using shares of common stock the Reporting Person would have received pursuant to the option exercise. As a result of this cashless exercise, the Reporting Person, on a net basis, acquired ownership of a net amount of 4,853 shares of common stock.