Stephen M. Fleming - May 21, 2021 Form 4 Insider Report for Workhorse Group Inc. (WKHS)

Role: Vice President/General Counsel
Signature: /s/ Stephen M. Fleming
Stock symbol: WKHS
Transactions as of: May 21, 2021
Transactions value $: -$867,206
Form type: 4
Date filed: 7/6/2021, 05:12 PM
Next filing: Oct 6, 2021

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	-$815K	-52.1K	-13.71%	$15.64^*	328K	Jul 1, 2021	Direct	F1
transaction	WKHS	Common Stock, $0.001 par value per share	Tax liability	-$52.2K	-6.17K	-1.6%	$8.46^*	380K	May 21, 2021	Direct	F2

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						65.6K	May 21, 2021	Common Stock, $0.001 par value per share	65.6K	$1.19	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.
F2	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 May 21, 2021.