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

Role
Director
Signature
/s/ Lorenzo Rossi
Issuer symbol
WKSP
Transactions as of
29 Dec 2021
Net transactions value
+$753,000
Form type
4
Filing time
04 Jan 2022, 15:15:52 UTC
Next filing
11 Mar 2025
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 $753,000 +300,000 $2.51 300,000 29 Dec 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.