Joshua J. Anderson - 05 Nov 2021 Form 4 Insider Report for Workhorse Group Inc. (WKHS)

Role: Chief Technology Officer
Signature: Arthur McMahon, III, attorney-in-fact for Joshua J. Anderson
Issuer symbol: WKHS
Transactions as of: 05 Nov 2021
Net transactions value: +$722,000
Form type: 4
Filing time: 09 Nov 2021, 17:52:33 UTC
Previous filing: 06 Oct 2021
Next filing: 25 Feb 2022
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	Award	$722,000	+100,000		$7.22^*	100,000	05 Nov 2021	Direct	F1

* 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 granted by Workhorse Group Inc. (the "Company") under a Restricted Stock Award Agreement vesting in equal amounts over a three year period in six month intervals beginning on April 20, 2022, less shares 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 November 4, 2021.

Content

Represents shares of common stock granted by Workhorse Group Inc. (the "Company") under a Restricted Stock Award Agreement vesting in equal amounts over a three year period in six month intervals beginning on April 20, 2022, less shares 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 November 4, 2021.