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

Role: Chief Executive Officer, Director, 10%+ Owner
Signature: /s/ Steven Rossi
Stock symbol: WKSP
Transactions as of: Dec 29, 2021
Transactions value $: $1,004,000
Form type: 4
Date filed: 12/30/2021, 04:15 PM
Previous filing: Nov 2, 2021
Next filing: May 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WKSP	Common Stock	Award	$1M	+400K		$2.51	400K	Dec 29, 2021	Direct	F1
holding	WKSP	Common Stock						2.49M	Dec 29, 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						100K	Dec 29, 2021	Common Stock	100K	$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.