GINNAN ROBERT M 4

Accession 0001189872-25-000003

CIK 0001425287other

View on SEC.gov Company Profile

Filed

Dec 14, 7:00 PM ET

Accepted

Dec 15, 4:53 PM ET

Size

20.9 KB

Accession

0001189872-25-000003

Insider Transaction Report

Form 4

Period: 2025-12-15

Workhorse Group Inc.WKHS

GINNAN ROBERT M

Chief Financial Officer

Transactions

Exercise/Conversion
Common Stock, $0.001 par value per share
2025-12-15+211→ 379 total
Sale
Common Stock, $0.001 par value per share
2025-12-15$6.51/sh−211$1,374→ 168 total
Exercise/Conversion
Common Stock, $0.001 par value per share
2025-12-15+40→ 208 total
Sale
Common Stock, $0.001 par value per share
2025-12-15$6.51/sh−40$260→ 168 total
Exercise/Conversion
Common Stock, $0.001 par value per share
2025-12-15+316→ 484 total
Sale
Common Stock, $0.001 par value per share
2025-12-15$6.51/sh−316$2,057→ 168 total
Exercise/Conversion
Restricted Stock Units
2025-12-15−211→ 0 total
From: 2027-02-21Exp: 2027-02-21→ Common Stock, $0.001 par value per share (211 underlying)
Exercise/Conversion
Performance Share Units
2025-12-15−40→ 0 total
From: 2025-12-31Exp: 2025-12-31→ Common Stock, $0.001 par value per share (40 underlying)
Exercise/Conversion
Performance Share Units
2025-12-15−316→ 0 total
From: 2026-12-31Exp: 2026-12-31→ Common Stock, $0.001 par value per share (316 underlying)

Footnotes (5)

[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 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.
[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.

Documents

1 file

4
wk-form4_1765835582.xmlPrimary
FORM 4

Issuer

Workhorse Group Inc.

CIK 0001425287

→

Entity typeother

Related Parties

filerCIK 0001189872

Filing Metadata

Form type: 4
Filed: Dec 14, 7:00 PM ET
Accepted: Dec 15, 4:53 PM ET
Size: 20.9 KB

View on SEC.gov