Loverock Craig William 4
4 · Worksport Ltd · Filed Dec 30, 2021
Insider Transaction Report
Form 4
Worksport LtdWKSP
Loverock Craig William
Director
Transactions
- Award
Non-Qualified Stock Options
2021-12-29$0.00/sh+30,000$3→ 45,000 totalExercise: $2.51From: 2022-12-29Exp: 2026-12-29→ Common Stock (30,000 underlying)
Holdings
- 15,000
Common Stock
Footnotes (1)
- [F1]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 $2.51. The NQSOs vest 1/3 on December 29, 2022, 1/3 December 29, 2023 and 1/3 December 29, 2024. These NQSOs expire on December 29, 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.