4//SEC Filing
SIEGEL NED L 4
Accession 0001493152-21-026967
CIK 0001096275other
Filed
Nov 1, 8:00 PM ET
Accepted
Nov 2, 3:18 PM ET
Size
8.4 KB
Accession
0001493152-21-026967
Insider Transaction Report
Form 4
Worksport LtdWKSP
SIEGEL NED L
Director
Transactions
- Award
Common Stock
2021-08-06$5.50/sh+15,000$82,500→ 15,000 total(indirect: See Footnote) - Award
Non-Qualified Stock Options
2021-08-06$0.00/sh+15,000$2→ 15,000 totalExercise: $5.50From: 2022-01-01Exp: 2026-08-06→ Common Stock (15,000 underlying)
Footnotes (3)
- [F1]Shares to be held by The Siegel Group, Inc., which is controlled by Ned L. Siegel.
- [F2]The Reporting Person was granted restricted stock units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU priced at the stock's price on the date the agreement was signed. The RSUs vest entirely on January 1st of 2022. Unless otherwise provided, on the vesting date, shares of Common Stock will automatically be sold to satisfy the Reporting Person's tax withholding obligations in a non-discretionary transaction.
- [F3]The Reporting Person was granted Non-Qualified Stock Options ("NQSOs") which represent a contingent right to receive one share of Common Stock for each NQSO at a price of $5.50. The NQSOs vest entirely on January 1st of 2022. These NQSOs expire on August 6th, 2026. The right of exercise shall be cumulative so that to the extent this Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares Subject to Option for which it is vested until the earlier of the date on which this Option is fully exercised and the Expiration Date.
Documents
Issuer
Worksport Ltd
CIK 0001096275
Entity typeother
Related Parties
1- filerCIK 0001288179
Filing Metadata
- Form type
- 4
- Filed
- Nov 1, 8:00 PM ET
- Accepted
- Nov 2, 3:18 PM ET
- Size
- 8.4 KB