Gerald B. Budde - May 2, 2023 Form 4 Insider Report for Workhorse Group Inc. (WKHS)

Role
Director
Signature
/s/ Arthur McMahon, attorney-in-fact for Gerald B. Budde
Stock symbol
WKHS
Transactions as of
May 2, 2023
Transactions value $
$0
Form type
4
Date filed
5/4/2023, 04:12 PM
Previous filing
Feb 24, 2023

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 Disposed to Issuer $0 -24.8K -13.69% $0.00 156K May 2, 2023 Direct F1
holding WKHS Common Stock, $0.001 par value per share 120K May 2, 2023 See Footnote F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 22, 2023, Workhorse Group Inc. (the "Company") granted to the reporting person 49,505 shares of restricted stock under an Award Agreement, which were scheduled to vest based in part based on the reporting person's continued service as a director of the Company, or pro rata in the event that the reporting person ceased being a director of the Company by reason of death, disability or not standing for re-election. The reporting person's service as a director ended on May 2, 2023, and pursuant to the Award Agreement, the reporting person forfeited half of the awarded shares to the Company.
F2 Securities held by the Gerald B. Budde Living Trust dated September 8, 2004. Gerald Budde is the trustee of such trust.