Workhorse Group Inc. — Director's Dealing 2020

Jul 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Workhorse Group Inc. (WKHS)
CIK: 0001425287
Period of Report: 2018-04-30

Reporting Person: LUKENS JOSEPH THEODORE JR (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-04-30	Common Stock	P	36765	$2.82	Acquired	7007048	Indirect
2018-06-14	Common Stock	M	410155	$0.00	Acquired	7417203	Indirect
2019-07-16	Common Stock	S	267356	$3.60	Disposed	7149847	Indirect
2019-07-22	Common Stock	S	109000	$3.48	Disposed	7040847	Indirect
2020-02-18	Common Stock	S	83644	$3.36	Disposed	6957203	Indirect
2020-02-21	Common Stock	S	4946	$3.90	Disposed	6952257	Indirect
2020-02-25	Common Stock	S	200	$3.70	Disposed	6952057	Indirect
2020-02-26	Common Stock	S	61700	$3.62	Disposed	6890357	Indirect
2020-03-03	Common Stock	S	100000	$2.99	Disposed	6790357	Indirect
2020-03-11	Common Stock	S	15000	$2.36	Disposed	6775357	Indirect
2020-04-05	Common Stock	S	18154	$3.24	Disposed	6757203	Indirect
2020-05-20	Common Stock	J	654781	$0.00	Disposed	6102422	Indirect
2020-06-30	Common Stock	S	500000	$18.40	Disposed	5602422	Indirect
2020-07-01	Common Stock	S	100000	$20.00	Disposed	5502422	Indirect
2020-07-07	Common Stock	J	1500000	$0.00	Disposed	4002422	Indirect
2020-07-07	Common Stock	J	1500000	$0.00	Acquired	1500000	Direct
2019-09-03	Common Stock	G	77436	$0.00	Disposed	77435	Indirect
2019-12-23	Common Stock	G	77435	$0.00	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-06-14	Common Stock Purchase Warrant	$3.80	M	585936	Disposed	2022-09-18	Common Stock (585936)	Indirect

Footnotes

F1: Held by New Era Capital Fund L.P. of which New Era Capital LLC is the General Partner, of which the reporting person is the managing member. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

F2: New Era Capital Fund L.P. exchanged warrants to purchase 585,936 shares of common stock of the issuer for 410,155 shares of common stock of the issuer.

F3: In-kind distribution by New Era Capital Fund L.P. of the issuer's common stock to New Era Capital Fund L.P.'s partners.