Mader Pamela S. 4

What Happened Pamela S. Mader, a director of Workhorse Group Inc. (WKHS), received an award of 30,484 restricted stock units (RSUs) on July 17, 2026. The RSUs were granted with a $0 acquisition price (typical for compensation awards); 5,484 of the RSUs fully vested as of the grant date, while 25,000 remain subject to future vesting. This is an equity compensation grant (an award), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-17; Form 4 filed 2026-07-20 (timely filing).
• Transaction type/code: Award/Grant (A); price per RSU reported as $0.00.
• Shares/units granted: 30,484 RSUs total — 5,484 vested immediately; 25,000 vest in one installment on the earlier of June 29, 2027 or the date of the 2027 annual meeting.
• Shares owned after transaction: not disclosed in the provided filing.
• Footnote: Each RSU represents a contingent right to receive one share of common stock upon settlement.

Context RSUs are a form of compensation that convert to actual shares only upon vesting/settlement; the immediate vesting of 5,484 RSUs means those units are no longer time‑conditioned, while the 25,000 remaining units are scheduled to vest in a single future installment. Awards like this are routine board/director compensation and do not, by themselves, indicate the director bought or sold shares in the open market.