Robert M. Ginnan - Jul 4, 2024 Form 4 Insider Report for Workhorse Group Inc. (WKHS)

Role
Chief Financial Officer
Signature
/s/ Arthur McMahon, attorney-in-fact for Robert M. Ginnan
Stock symbol
WKHS
Transactions as of
Jul 4, 2024
Transactions value $
-$332
Form type
4
Date filed
7/8/2024, 04:26 PM
Previous 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 Tax liability -$332 -244 -0.38% $1.36* 64.2K Jul 4, 2024 Direct F1, 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 relinquished to Workhorse Group Inc. (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.
F2 On June 17, 2024, the Company effected a 1-for-20 reverse split of the Company's common stock, resulting in a reduction in the number of shares held by the reporting person. In addition, proportionate adjustments were made to the Company's outstanding equity awards. Accordingly, all amounts of securities reported in this Form 4 have been adjusted to reflect the 1-for-20 reverse split.