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

Role
Director
Signature
/s/ Lorenzo Rossi
Stock symbol
WKSP
Transactions as of
Dec 29, 2021
Transactions value $
$753,000
Form type
4
Date filed
1/4/2022, 03:15 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WKSP Common Stock Award $753K +300K $2.51 300K Dec 29, 2021 Direct F1
* 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.