Brandon Torres Declet - 14 May 2024 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
16 May 2024, 19:32:24 UTC
Prior SEC filing
23 Feb 2024
Next SEC filing
14 May 2026
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Arthur McMahon III, attorney-in-fact for Brandon Torres Declet

Key filing fact

Brandon Torres Declet filed Form 4 for Workhorse Group Inc. (WKHS) on 16 May 2024.

Key facts

  • This page summarizes Brandon Torres Declet's Form 4 filing for Workhorse Group Inc. (WKHS).
  • 3 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 16 May 2024, 19:32.

Change

  • Previous filing in this sequence was filed on 23 Feb 2024.
  • Current net transaction value: -$33,123.

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

Options Exercise

Transaction value
$0
Shares
+157,728
Change %
+141%
Price
$0.000000
Shares after
269,710
Date
14 May 2024
Ownership
Direct
Footnotes
F1
WKHS transaction

Common Stock, $0.001 par value per share

Disposed to Issuer

Transaction value
$33,123
Shares
-157,728
Change %
-58%
Price
$0.2100
Shares after
111,982
Date
14 May 2024
Ownership
Direct
Footnotes
F2, F3

Reported derivative securities

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

WKHS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-157,728
Change %
-100%
Price
$0.000000*
Shares after
0
Date
14 May 2024
Ownership
Direct
Underlying class
Common Stock, $0.001 par value per share
Underlying amount
157,728
Exercise price
Footnotes
F1
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Represents shares of restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of common stock of Workhorse Group Inc. (the "Company"), vesting on August 21, 2024. Upon vesting, the RSUs may be settled in cash at the discretion of the Company's Board of Directors or Compensation Committee. If the reporting person is no longer a director of the Company on August 21, 2024 by reason of death, disability, or not standing for re-election, the RSUs will vest pro rata based on the number of board meetings attended by the grantee in 2024, as compared to the total number of scheduled board meetings in 2024 between the grant date and the six-month anniversary thereof. 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 the grant date.

Footnote F2

Pursuant to the terms of the Award Agreement, all of the RSUs that vested were settled in cash.

Footnote F3

Reflects the removal of 315,457 RSUs that were originally reported as common stock and were subsequently reported as derivatives by amendment.

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. Manage preferences to update or revoke optional consent for future visits. For more information, see our Privacy Policy .