James D. Harrington - 17 Apr 2025 Form 4 Insider Report for Workhorse Group Inc. (WKHS)

Role
General Counsel
Signature
/s/ Arthur McMahon III, attorney-in-fact for James D. Harrington
Issuer symbol
WKHS
Transactions as of
17 Apr 2025
Net transactions value
-$483
Form type
4
Filing time
21 Apr 2025, 20:43:48 UTC
Previous filing
25 Feb 2025
Next filing
15 Dec 2025
SEC
View on sec.gov

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 Options Exercise $0 +145 +12% $0.000000 1,389 17 Apr 2025 Direct F1, F2
transaction WKHS Common Stock, $0.001 par value per share Sale $190 -145 -10% $1.31 1,244 17 Apr 2025 Direct F1, F2
transaction WKHS Common Stock, $0.001 par value per share Options Exercise $0 +224 +18% $0.000000 1,468 17 Apr 2025 Direct F2, F3
transaction WKHS Common Stock, $0.001 par value per share Sale $293 -224 -15% $1.31 1,244 17 Apr 2025 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction WKHS Performance Share Units Options Exercise $0 -145 -100% $0.000000 0 17 Apr 2025 Common Stock, $0.001 par value per share 145 Direct F1, F2
transaction WKHS Performance Share Units Options Exercise $0 -224 -100% $0.000000 0 17 Apr 2025 Common Stock, $0.001 par value per share 224 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Performance Share Units ("PSUs") granted by Workhorse Group Inc. (the "Company") to the reporting person on December 27, 2021. On April 17, 2025, the PSUs vested upon the achievement of certain performance incentives and settled in cash based on the fair market value of the Company's common stock.
F2 On June 17, 2024, the Company effected a 1-for-20 reverse split of the Company's common stock. On March 17, 2025, the Company effected a 1-for-12.5 reverse split of the Company's common stock. The reverse stock splits resulted in a reduction in the number of shares held by the reporting person and proportional adjustments to the Company's outstanding equity awards. Accordingly, all amounts of securities reported in this Form 4 have been adjusted to reflect the cumulative 1-for-250 reverse split.
F3 Represents PSUs granted by the Company to the reporting person on February 23, 2022. On April 17, 2025, the PSUs vested upon the achievement of certain performance incentives and settled in cash based on the fair market value of the Company's common stock.