DAUCH RICHARD F 4

Accession 0001077696-25-000003

CIK 0001425287other

View on SEC.gov Company Profile

Filed

Dec 14, 7:00 PM ET

Accepted

Dec 15, 4:52 PM ET

Size

26.7 KB

Accession

0001077696-25-000003

Insider Transaction Report

Form 4

Period: 2025-12-15

Workhorse Group Inc.WKHS

DAUCH RICHARD F

DirectorChief Executive Officer

Transactions

Exercise/Conversion
Common Stock, $0.001 par value per share
2025-12-15+1,273→ 2,583 total
Sale
Common Stock, $0.001 par value per share
2025-12-15$6.51/sh−1,273$8,287→ 1,310 total
Exercise/Conversion
Common Stock, $0.001 par value per share
2025-12-15+5,051→ 6,361 total
Sale
Common Stock, $0.001 par value per share
2025-12-15$6.51/sh−5,051$32,882→ 1,310 total
Exercise/Conversion
Common Stock, $0.001 par value per share
2025-12-15+331→ 1,641 total
Sale
Common Stock, $0.001 par value per share
2025-12-15$6.51/sh−331$2,155→ 1,310 total
Exercise/Conversion
Common Stock, $0.001 par value per share
2025-12-15+1,909→ 3,219 total
Sale
Common Stock, $0.001 par value per share
2025-12-15$6.51/sh−1,909$12,428→ 1,310 total
Exercise/Conversion
Restricted Stock Units
2025-12-15−1,273→ 0 total
From: 2027-02-21Exp: 2027-02-21→ Common Stock, $0.001 par value per share (1,273 underlying)
Exercise/Conversion
Restricted Stock Units
2025-12-15−5,051→ 0 total
From: 2026-02-18Exp: 2026-02-18→ Common Stock, $0.001 par value per share (5,051 underlying)
Exercise/Conversion
Performance Share Units
2025-12-15−331→ 0 total
From: 2025-12-31Exp: 2025-12-31→ Common Stock, $0.001 par value per share (331 underlying)
Exercise/Conversion
Performance Share Units
2025-12-15−1,909→ 0 total
From: 2026-12-31Exp: 2026-12-31→ Common Stock, $0.001 par value per share (1,909 underlying)

Footnotes (6)

[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.
[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.
[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.
[F4]Represents Restricted Stock Units ("RSUs") granted by the Company to the reporting person on August 18, 2025. 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.
[F5]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.
[F6]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.

Documents

1 file

4
wk-form4_1765835569.xmlPrimary
FORM 4

Issuer

Workhorse Group Inc.

CIK 0001425287

→

Entity typeother

IncorporatedDE

Related Parties

filerCIK 0001077696

Filing Metadata

Form type: 4
Filed: Dec 14, 7:00 PM ET
Accepted: Dec 15, 4:52 PM ET
Size: 26.7 KB

View on SEC.gov