Form 4 for WKHS Workhorse Group Inc.

Accepted 2021-12-28 00:00:00 ET · period of report 2021-12-27 · accession 0001425287-21-000008 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2021-12-28	2021-12-27	WKHS	Harrington James D.	Chief Administrative Off	A - Grant	$5.18	+36.2K	136.2K	+36%	+$187.5K
D	2021-12-28	2021-12-27	WKHS	Harrington James D.	Chief Administrative Off	A - Grant	$0.00	+36.2K	36.2K	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock, $0.001 par value per share	2021-12-27	A	A	36,197	$5.18	136,197	D	—	—	(F1) Represents 36,197 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 six months after the grant date, 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 December 23, 2021.
2	Derivative	Performance Share Units	2021-12-27	A	A	36,197	$0.00	36,197	D	— · — to 2024-12-31	36,197 Common Stock, $0.001 par value per share	(F2) Each Performance Share Unit represents a contingent right to receive one share of common stock of the Company. The 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.