Gregory T. Ackerson - Dec 27, 2021 Form 4 Insider Report for Workhorse Group Inc. (WKHS)

Role: Controller
Signature: /s/ Arthur McMahon, attorney-in-fact for Gregory T. Ackerson
Stock symbol: WKHS
Transactions as of: Dec 27, 2021
Transactions value $: $45,325
Form type: 4
Date filed: 12/28/2021, 04:01 PM
Previous filing: Sep 22, 2021
Next filing: Jan 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WKHS	Common Stock, $0.001 par value per share	Award	$45.3K	+8.75K	+8.59%	$5.18^*	111K	Dec 27, 2021	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents 8,750 shares of common stock granted by Workhorse Group Inc. (the "Company") under a Restricted Stock Award Agreement vesting in equal amounts over a three year period in six month intervals beginning six months after the grant date, less shares relinquished to the Company by the reporting person out of, and to cover estimated tax withholding for, restricted shares previously granted subject to vesting. 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 December 23, 2021.

Content

Represents 8,750 shares of common stock granted by Workhorse Group Inc. (the "Company") under a Restricted Stock Award Agreement vesting in equal amounts over a three year period in six month intervals beginning six months after the grant date, less shares relinquished to the Company by the reporting person out of, and to cover estimated tax withholding for, restricted shares previously granted subject to vesting. 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 December 23, 2021.