Rossi Lorenzo 4
Research Summary
AI-generated summary
Worksport (WKSP) Director Lorenzo Rossi Receives 15,000-Option Award
What Happened
- Lorenzo Rossi, a director of Worksport Ltd (WKSP), was granted a derivative award of 15,000 options on 2026-02-09. The filing reports a per-share amount of $1.66, for a total reported value of $24,900.
- This was a grant (award) of options, not an open-market purchase or sale, so no shares were sold. Grants are compensation-related and do not necessarily signal immediate buying or selling of stock.
Key Details
- Transaction date and reported value: 2026-02-09; 15,000 options @ $1.66 each; total $24,900.
- Vesting: Options vest in three equal annual installments of 5,000 options, beginning on the first anniversary of the grant date (per footnote).
- Plan: Granted under the Issuer's 2022 Equity Incentive Plan.
- Shares owned after transaction: Not specified in the filing.
- Timeliness: Report filed for the same period date (2026-02-09); no late-filing indication.
Context
- This is a derivative grant (an award of options). It gives the holder the right to acquire shares in the future according to the award terms; it is not an immediate acquisition of common stock.
- Because these are restricted by vesting, they represent future potential ownership rather than an immediate market transaction.