4//SEC Filing
Declet Brandon Torres 4
Accession 0001425287-24-000092
CIK 0001425287other
Filed
May 15, 8:00 PM ET
Accepted
May 16, 7:32 PM ET
Size
9.6 KB
Accession
0001425287-24-000092
Insider Transaction Report
Form 4
Declet Brandon Torres
Director
Transactions
- Exercise/Conversion
Common Stock, $0.001 par value per share
2024-05-14+157,728→ 269,710 total - Disposition to Issuer
Common Stock, $0.001 par value per share
2024-05-14$0.21/sh−157,728$33,123→ 111,982 total - Exercise/Conversion
Restricted Stock Units
2024-05-14−157,728→ 0 total→ Common Stock, $0.001 par value per share (157,728 underlying)
Footnotes (3)
- [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.
- [F2]Pursuant to the terms of the Award Agreement, all of the RSUs that vested were settled in cash.
- [F3]Reflects the removal of 315,457 RSUs that were originally reported as common stock and were subsequently reported as derivatives by amendment.
Documents
Issuer
Workhorse Group Inc.
CIK 0001425287
Entity typeother
Related Parties
1- filerCIK 0001856287
Filing Metadata
- Form type
- 4
- Filed
- May 15, 8:00 PM ET
- Accepted
- May 16, 7:32 PM ET
- Size
- 9.6 KB