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Workhorse Group Inc. — Director's Dealing 2024
May 16, 2024
34980_dirs_2024-05-16_2a7304bf-7bbb-43dd-add6-964489d112ad.zip
Director's Dealing
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SEC Form 4/A — Form 4/A
Issuer: Workhorse Group Inc. (WKHS)
CIK: 0001425287
Period of Report: 2024-02-21
Reporting Person: Declet Brandon Torres (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-02-21 | Restricted Stock Units | $ | A | 315457 | Acquired | Common Stock, $0.001 par value per share (315457) | Direct |
Footnotes
F1: Represents shares of restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of common stock of Workhorse Group Inc. (the "Company"), vesting on August 21, 2024. Upon vesting, the RSUs may be settled in cash at the discretion of the Company's Board of Directors or Compensation Committee. If the reporting person is no longer a director of the Company on August 21, 2024 by reason of death, disability, or not standing for re-election, the RSUs will vest pro rata based on the number of board meetings attended by the grantee in 2024, as compared to the total number of scheduled board meetings in 2024 between the grant date and the six-month anniversary thereof. The stock price reflected in Table I Column 4 was determined based on fair market value as the closing trading price of the Company's common stock on the grant date.