Stanley R. March - Feb 21, 2024 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 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.