Robert M. Ginnan - 15 Dec 2025 Form 4 Insider Report for Workhorse Group Inc. (WKHS)

Reporting relationship: Chief Financial Officer
Issuer ticker: WKHS
Reported as of: 15 Dec 2025
Net transaction value: -$3,691
SEC form: 4
Accepted by SEC: 15 Dec 2025, 16:53:05 UTC
Prior SEC filing: 21 Apr 2025
Source filing: View source filing
Reporting owner signature: /s/ Arthur McMahon, attorney-in-fact for Robert M. Ginnan

Key filing fact

Robert M. Ginnan filed Form 4 for Workhorse Group Inc. (WKHS) on 15 Dec 2025.

Key facts

This page summarizes Robert M. Ginnan's Form 4 filing for Workhorse Group Inc. (WKHS).
9 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 15 Dec 2025, 16:53.

Change

Previous filing in this sequence was filed on 21 Apr 2025.
Current net transaction value: -$3,691.

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

Reporting Owners (1)

CIK 0001189872 Primary reporting owner

GINNAN ROBERT M

Relationship: Chief Financial Officer
Address: C/O WORKHORSE GROUP INC., 3600 PARK 42 DRIVE, SUITE 160E, SHARONVILLE
Signature: /s/ Arthur McMahon, attorney-in-fact for Robert M. Ginnan
Signature date: 15 Dec 2025

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: +211
Change %: +126%
Price: $0.000000
Shares after: 379
Date: 15 Dec 2025
Ownership: Direct
Footnotes: F1, F2, F3

WKHS transaction

Common Stock, $0.001 par value per share

Sale

Transaction value: $1,374
Shares: -211
Change %: -56%
Price: $6.51^*
Shares after: 168
Date: 15 Dec 2025
Ownership: Direct
Footnotes: F1, F2, F3

WKHS transaction

Common Stock, $0.001 par value per share

Options Exercise

Transaction value: $0
Shares: +40
Change %: +24%
Price: $0.000000
Shares after: 208
Date: 15 Dec 2025
Ownership: Direct
Footnotes: F1, F2, F4

WKHS transaction

Common Stock, $0.001 par value per share

Sale

Transaction value: $260
Shares: -40
Change %: -19%
Price: $6.51^*
Shares after: 168
Date: 15 Dec 2025
Ownership: Direct
Footnotes: F1, F2, F4

WKHS transaction

Common Stock, $0.001 par value per share

Options Exercise

Transaction value: $0
Shares: +316
Change %: +188%
Price: $0.000000
Shares after: 484
Date: 15 Dec 2025
Ownership: Direct
Footnotes: F1, F2, F5

WKHS transaction

Common Stock, $0.001 par value per share

Sale

Transaction value: $2,057
Shares: -316
Change %: -65%
Price: $6.51^*
Shares after: 168
Date: 15 Dec 2025
Ownership: Direct
Footnotes: F1, F2, F5

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: -211
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 15 Dec 2025
Ownership: Direct
Underlying class: Common Stock, $0.001 par value per share
Underlying amount: 211
Exercise price
Footnotes: F1, F2, F3

WKHS transaction Derivative

Performance Share Units

Options Exercise

Transaction value: $0
Shares: -40
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 15 Dec 2025
Ownership: Direct
Underlying class: Common Stock, $0.001 par value per share
Underlying amount: 40
Exercise price
Footnotes: F1, F2, F4

WKHS transaction Derivative

Performance Share Units

Options Exercise

Transaction value: $0
Shares: -316
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 15 Dec 2025
Ownership: Direct
Underlying class: Common Stock, $0.001 par value per share
Underlying amount: 316
Exercise price
Footnotes: F1, F2, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

On June 17, 2024, Workhorse Group Inc. (the "Company") effected a 1-for-20 reverse split of the Company's common stock. On March 17, 2025, the Company effected a 1-for-12.5 reverse split of the Company's common stock. On December 8, 2025, the Company effected a 1-for-12 reverse split of the Company's common stock. The reverse stock splits resulted in a reduction in the number of shares held by the reporting person and proportional adjustments to the Company's outstanding equity awards. Accordingly, all amounts of securities reported in this Form 4 have been adjusted to reflect the foregoing reverse stock splits.

Footnote F2

Pursuant to an Agreement and Plan of Merger (the "Merger Agreement"), dated August 15, 2025, by and among the Company, Omaha Intermediate 2, Inc., Omaha Intermediate, Inc., Omaha Merger Subsidiary, Inc., and Motiv Power Systems, Inc., all of the Company's outstanding equity awards vested immediately prior to the effective time of the merger, with (to the extent applicable) performance deemed achieved at target.

Footnote F3

Represents Restricted Stock Units ("RSUs") granted by the Company to the reporting person on February 21, 2024. In accordance with the Merger Agreement, each RSU vested and settled in cash at the effective time of the merger based on the fair market value of the Company's common stock.

Footnote F4

Represents Performance Share Units ("PSUs") granted by the Company to the reporting person on May 2, 2023. In accordance with the Merger Agreement, each PSU vested and settled in cash at the effective time of the merger based on the fair market value of the Company's common stock.

Footnote F5

Represents Performance Share Units ("PSUs") granted by the Company to the reporting person on February 21, 2024. In accordance with the Merger Agreement, each PSU vested and settled in cash at the effective time of the merger based on the fair market value of the Company's common stock.