Form 4 for WKHS Workhorse Group Inc.
Accepted 2021-11-09 00:00:00 ET · period of report 2021-11-05 · accession 0001628280-21-022631 · 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 | 2021-11-09 | 2021-11-05 | WKHS | DAUCH RICHARD F | CEO, Dir | A - Grant | $7.22 | +750.0K | 750.0K | New | +$5.42M |
| D | 2021-11-09 | 2021-11-05 | WKHS | DAUCH RICHARD F | CEO, Dir | A - Grant | $0.00 | +250.0K | 250.0K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | 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 | 2021-11-05 | A | A | 750,000 | $7.22 | 750,000 | D | — | — | (F1) Represents (i) 500,000 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 on March 1, 2022, 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 and (ii) 250,000 shares of common stock granted by the Company under a Restricted Stock Award Agreement vesting in equal amounts over a three year period in six month intervals beginning on April 30, 2022, 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 November 4, 2021. |
| 2 | Derivative | Performance Share Units | 2021-11-05 | A | A | 250,000 | $0.00 | 250,000 | D | — · — to 2024-12-31 | 250,000 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. |