Gerald B. Budde - Feb 22, 2023 Form 4 Insider Report for Workhorse Group Inc. (WKHS)

Role
Director
Signature
/s/ Arthur McMahon, attorney-in-fact for Gerald B. Budde
Stock symbol
WKHS
Transactions as of
Feb 22, 2023
Transactions value $
$100,000
Form type
4
Date filed
2/24/2023, 05:56 PM
Previous filing
Mar 29, 2022
Next filing
May 4, 2023

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 $100K +49.5K +37.7% $2.02 181K Feb 22, 2023 Direct F1
holding WKHS Common Stock, $0.001 par value per share 120K Feb 22, 2023 See Footnote F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock granted by Workhorse Group Inc. (the "Company") under a Restricted Stock Award Agreement, vesting on August 22, 2023; provided, if the reporting person is no longer a director of the Company on August 23, 2023 by reason of death, disability, or not standing for re-election, will vest pro rata based on the number of board meetings attended by the grantee in 2023 as compared to the total number of scheduled board meetings in 2023 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 trading day immediately prior to the grant date.
F2 Securities held by the Gerald B. Budde Living Trust dated September 8, 2004. Gerald Budde is the trustee of such trust.