Kerry Roraff - Feb 21, 2024 Form 4 Insider Report for Workhorse Group Inc. (WKHS)

Signature
Arthur McMahon, III, attorney-in-fact for Kerry Roraff
Stock symbol
WKHS
Transactions as of
Feb 21, 2024
Transactions value $
$149,604
Form type
4
Date filed
2/23/2024, 04:40 PM
Previous filing
Aug 23, 2023
Next filing
Feb 26, 2024

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 $150K +475K +252.51% $0.32 663K Feb 21, 2024 Direct F1
transaction WKHS Common Stock, $0.001 par value per share Tax liability -$896 -2.83K -0.43% $0.32 660K Feb 21, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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"). The RSUs vest in equal one-third increments over three years beginning on February 21, 2025, less shares relinquished to the Company by the reporting person out of, and to cover estimated tax withholding for, RSUs 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 the grant date.
F2 Represents shares of common stock 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 of the closing trading price of the Company's common stock on the vesting date.