Stanley R. March - Feb 21, 2024 Form 4 Insider Report for Workhorse Group Inc. (WKHS)

Role: VP, Corporate Development
Signature: Arthur McMahon III, attorney-in-fact for Stanley R. March
Stock symbol: WKHS
Transactions as of: Feb 21, 2024
Transactions value $: $150,000
Form type: 4
Date filed: 2/23/2024, 04:41 PM
Previous filing: Jan 3, 2024
Next filing: Apr 23, 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	+473K	+236.68%	$0.32	673K	Feb 21, 2024	Direct	F1
holding	WKHS	Common Stock, $0.001 par value per share						67K	Feb 21, 2024	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 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.

Content

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.