4//SEC Filing
SIEGEL NED L 4
Accession 0001493152-21-032887
CIK 0001096275other
Filed
Dec 29, 7:00 PM ET
Accepted
Dec 30, 5:13 PM ET
Size
7.2 KB
Accession
0001493152-21-032887
Insider Transaction Report
Form 4
Worksport LtdWKSP
SIEGEL NED L
Director
Transactions
- Award
Non-Qualified Stock Options
2021-12-29$0.00/sh+30,000$3→ 45,000 total(indirect: See Footnote)Exercise: $2.51From: 2022-12-29Exp: 2026-12-29→ Common Stock (30,000 underlying)
Holdings
- 15,000(indirect: See Footnote)
Common Stock
Footnotes (2)
- [F1]Shares to be held by The Siegel Group, Inc., which is controlled by Ned L. Siegel.
- [F2]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.
Documents
Issuer
Worksport Ltd
CIK 0001096275
Entity typeother
Related Parties
1- filerCIK 0001288179
Filing Metadata
- Form type
- 4
- Filed
- Dec 29, 7:00 PM ET
- Accepted
- Dec 30, 5:13 PM ET
- Size
- 7.2 KB