SIEGEL NED L 4
4 · Worksport Ltd · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
Worksport (WKSP) Director Ned L. Siegel Receives 25,002-Share Award
What Happened
Ned L. Siegel, a director of Worksport Ltd (WKSP), was granted a derivative award of 25,002 shares/options on February 9, 2026. The award carries an exercise price of $1.66 per share, corresponding to an initial grant value of about $41,503. This was an equity grant (transaction code A) under Worksport’s 2022 Equity Incentive Plan, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-09; grant price/exercise price: $1.66 per share; total value reported: $41,503.
- Award type: Derivative grant (options) under the 2022 Equity Incentive Plan.
- Vesting: Options vest in three equal annual installments of 8,334 options beginning on the first anniversary of the grant date (per footnote). Expiration per plan/award agreement.
- Shares owned after transaction: Not specified in the provided filing.
- Filing: Reported effective 2026-02-09 (same date as the grant) — appears timely.
Context
This was a compensation-related equity grant (options), not an outright purchase of shares. Such grants are common for aligning directors with shareholder interests but are not the same signaling as an insider buying stock with personal funds. Because vesting is spread over three years, the award does not convert to fully exercisable shares immediately.
Insider Transaction Report
- Award
Stock Options (Right to Buy)
[F1]2026-02-09$1.66/sh+25,002$41,503→ 61,752 totalExercise: $1.66→ Common Stock (25,002 underlying)
Footnotes (1)
- [F1]Granted pursuant to the Issuer's 2022 Equity Incentive Plan, the options vest in three (3) equal annual installments of 8,334 options beginning on the first anniversary of the grant date and expire in accordance with the terms of the 2022 Equity Incentive Plan and the applicable award agreement.