Anthony Daly Furey - 23 Feb 2022 Form 4 Insider Report for Workhorse Group Inc. (WKHS)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
25 Feb 2022, 16:48:49 UTC
Prior SEC filing
04 Jan 2022
Next SEC filing
01 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Arthur McMahon, attorney-in-fact for Anthony Furey

Key filing fact

Anthony Daly Furey filed Form 4 for Workhorse Group Inc. (WKHS) on 25 Feb 2022.

Key facts

  • This page summarizes Anthony Daly Furey's Form 4 filing for Workhorse Group Inc. (WKHS).
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 25 Feb 2022, 16:48.

Change

  • Previous filing in this sequence was filed on 04 Jan 2022.
  • Current net transaction value: +$157,499.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

WKHS transaction

Common Stock, $0.001 par value per share

Award

Transaction value
$157,499
Shares
+51,980
Change %
+31%
Price
$3.03
Shares after
220,476
Date
23 Feb 2022
Ownership
Direct
Footnotes
F1
WKHS holding

Common Stock, $0.001 par value per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
38,199
Date
23 Feb 2022
Ownership
Shares held by Fastnet Advisors, LLC. Mr. Furey is the owner and manager of Fastnet Advisors, LLC.

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

WKHS transaction Derivative

Performance Share Units

Award

Transaction value
$0
Shares
+11,138
Change %
Price
$0.000000
Shares after
11,138
Date
23 Feb 2022
Ownership
Direct
Underlying class
Common Stock, $0.001 par value per share
Underlying amount
11,138
Exercise price
Footnotes
F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote 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 one year intervals beginning on February 23, 2023, 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 February 22, 2022.

Footnote F2

Each Performance Share Unit represents a contingent right to receive either one share of common stock of the Company or an equivalent cash value. Between 0% to 200% of the reported shares will vest based on the Company's performance compared to certain peer issuers, measured by the total return to shareholders over a performance period ending on December 31, 2024.

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