Steven F. Rossi - 29 Dec 2021 Form 4 Insider Report for Worksport Ltd (WKSP)

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Steven Rossi
Issuer symbol: WKSP
Transactions as of: 29 Dec 2021
Net transactions value: +$1,004,000
Form type: 4
Filing time: 30 Dec 2021, 16:15:56 UTC
Previous filing: 02 Nov 2021
Next filing: 03 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WKSP	Common Stock	Award	$1,004,000	+400,000		$2.51	400,000	29 Dec 2021	Direct	F1
holding	WKSP	Common Stock						2,492,538	29 Dec 2021	Direct

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
holding	WKSP	Non-Qualified Stock Options						100,000	29 Dec 2021	Common Stock	100,000	$5.50	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Performance Stock Units ("PSU"). The PSU will vest in 5% increments according to a schedule that correlates with the Company's stock price. The first 5% of the PSUs vest upon the Company's stock price closing at $3.00. 50% will have vested at a closing price of $16.50 and 100% will have vested at a closing price of $31.50.