Form 4: Workhorse Group CEO Richard Dauch Reports Stock Transactions to Cover Tax Withholding
SEC Form 4 Filing
Workhorse Group's CEO, Richard Dauch, reported the relinquishment of common stock to cover estimated tax withholding for previously granted restricted shares.
Summary
- Richard F. Dauch, CEO of Workhorse Group Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 22, 2025, Dauch relinquished 1,459 shares of common stock at a price of $0.4868 per share to cover estimated tax withholding.
- Following this transaction, Dauch directly owned 135,330 shares.
- On February 23, 2025, Dauch relinquished 5,783 shares of common stock at a price of $0.4868 per share to cover estimated tax withholding.
- Following this transaction, Dauch directly owned 129,547 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's stock transactions related to tax obligations, which is a common occurrence.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they involve the relinquishment of shares to cover tax obligations, not a sale on the open market.
Key Dates
| Date | Description |
|---|---|
| 02/22/2025 | Richard Dauch relinquished 1,459 shares of common stock to cover estimated tax withholding. |
| 02/23/2025 | Richard Dauch relinquished 5,783 shares of common stock to cover estimated tax withholding. |
| 02/25/2025 | Date of signature for the Form 4 filing. |
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