Stanley R. March - Feb 22, 2023 Form 4 Insider Report for Workhorse Group Inc. (WKHS)

Signature
Arthur McMahon III, attorney-in-fact for Stanley R. March
Stock symbol
WKHS
Transactions as of
Feb 22, 2023
Transactions value $
$180,000
Form type
4
Date filed
3/17/2023, 05:11 PM
Previous filing
Dec 15, 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 $180K +89.1K +75.35% $2.02 207K Feb 22, 2023 Direct F1
holding WKHS Common Stock, $0.001 par value per share 67K Feb 22, 2023 By IRA
* 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 in equal amounts over a three year period in one year intervals beginning on February 22, 2024, 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 February 21, 2023.