William J. Caragol - Sep 6, 2021 Form 4 Insider Report for Worksport Ltd (WKSP)

Role
Director
Signature
/s/ William J. Caragol
Stock symbol
WKSP
Transactions as of
Sep 6, 2021
Transactions value $
$82,502
Form type
4
Date filed
11/2/2021, 03:20 PM
Previous filing
Aug 17, 2021
Next filing
Sep 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WKSP Common Stock Award $82.5K +15K $5.50 15K Aug 6, 2021 Direct F1

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 WKSP Non-Qualified Stock Options Award $1.50 +15K $0.00* 15K Aug 6, 2021 Common Stock 15K $5.50 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU priced at the stock's price on the date the agreement was signed. The RSUs vest entirely on January 1st of 2022. Unless otherwise provided, on the vesting date, shares of Common Stock will automatically be sold to satisfy the Reporting Person's tax withholding obligations in a non-discretionary transaction.
F2 The Reporting Person was granted Non-Qualified Stock Options ("NQSOs") which represent a contingent right to receive one share of Common Stock for each NQSO at a price of $5.50. The NQSOs vest entirely on January 1st of 2022. These NQSOs expire on August 6th, 2026. The right of exercise shall be cumulative so that to the extent this Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares Subject to Option for which it is vested until the earlier of the date on which this Option is fully exercised and the Expiration Date.