March Stanley Raymond 4
4 · Workhorse Group Inc. · Filed Apr 21, 2025
Insider Transaction Report
Form 4
March Stanley Raymond
VP, Corporate Development
Transactions
- Exercise/Conversion
Common Stock, $0.001 par value per share
2025-04-17+80→ 836 total - Exercise/Conversion
Performance Share Units
2025-04-17−80→ 0 totalFrom: 2024-12-31Exp: 2024-12-31→ Common Stock, $0.001 par value per share (80 underlying) - Exercise/Conversion
Common Stock, $0.001 par value per share
2025-04-17+104→ 860 total - Sale
Common Stock, $0.001 par value per share
2025-04-17$1.31/sh−80$105→ 756 total - Sale
Common Stock, $0.001 par value per share
2025-04-17$1.31/sh−104$136→ 756 total - Exercise/Conversion
Performance Share Units
2025-04-17−104→ 29,599 totalFrom: 2024-12-31Exp: 2024-12-31→ Common Stock, $0.001 par value per share (104 underlying)
Holdings
- 268(indirect: By IRA)
Common Stock, $0.001 par value per share
Footnotes (3)
- [F1]Represents Performance Share Units ("PSUs") granted by Workhorse Group Inc. (the "Company") to the reporting person on December 17, 2021. On April 17, 2025, the PSUs vested upon the achievement of certain performance incentives and settled in cash based on the fair market value of the Company's common stock.
- [F2]On June 17, 2024, 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. 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 cumulative 1-for-250 reverse split.
- [F3]Represents PSUs granted by the Company to the reporting person on February 23, 2022. On April 17, 2025, the PSUs vested upon the achievement of certain performance incentives and settled in cash based on the fair market value of the Company's common stock.