Duane Hughes - 01 Jul 2021 Form 4 Insider Report for Workhorse Group Inc. (WKHS)

Role: CEO and President, Director
Signature: /s/ Duane Hughes
Issuer symbol: WKHS
Transactions as of: 01 Jul 2021
Net transactions value: -$282,568
Form type: 4
Filing time: 06 Jul 2021, 17:07:12 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WKHS	Common Stock, $0.001 par value per share	Tax liability	$282,568	-18,067	-4.8%	$15.64^*	361,502	01 Jul 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
holding	WKHS	Stock Options						900,000	01 Jul 2021	Common Stock, $0.001 par value per share	900,000	$0.9700	Direct
holding	WKHS	Stock Options						50,000	01 Jul 2021	Common Stock, $0.001 par value per share	50,000	$0.9700	Direct
holding	WKHS	Stock Options						50,000	01 Jul 2021	Common Stock, $0.001 par value per share	50,000	$5.28	Direct

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

Explanation of Responses:

Id	Content
F1	Represents shares of common stock relinquished to the Company by the reporting person out of, and to cover estimated tax withholding for, restricted shares previously granted subject to vesting. The stock price reflected in Table I Column 4 was determined based on fair market value as the closing trading price of the Company's common stock on July 1, 2021.