Form 4: Workhorse Group Executive Joshua Anderson Reports Stock Transactions
SEC Form 4 Filing
Workhorse Group's Chief Technology Officer, Joshua Anderson, reports the vesting and cash settlement of Performance Share Units (PSUs) and the disposal of shares.
Summary
- Joshua Anderson, Chief Technology Officer of Workhorse Group Inc., reported transactions involving the company's stock on April 17, 2025.
- These transactions involved the vesting and cash settlement of 120 Performance Share Units (PSUs) that were granted on February 23, 2022.
- The PSUs vested upon achievement of certain performance incentives and were settled in cash based on the fair market value of Workhorse's common stock.
- Anderson also disposed of 120 shares of common stock at a price of $1.31.
- All amounts of securities reported have been adjusted to reflect a cumulative 1-for-250 reverse stock split.
Sentiment
Score: 5
Explanation: This is a neutral filing reporting stock transactions by an officer. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't provide specific insights into Workhorse Group's competitive positioning or broader industry trends.
Key Dates
| Date | Description |
|---|---|
| February 23, 2022 | Date Performance Share Units (PSUs) were granted to Joshua Anderson. |
| June 17, 2024 | Date of the 1-for-20 reverse stock split. |
| December 31, 2024 | Expiration date of the Performance Share Units. |
| March 17, 2025 | Date of the 1-for-12.5 reverse stock split. |
| April 17, 2025 | Date of PSU vesting and stock disposal. |
| April 21, 2025 | Date of signature on the Form 4 filing. |
Keywords
Workhorse Group, Joshua Anderson, Form 4, SEC Filing, Stock Transactions, Performance Share Units, Reverse Stock Split, Officer Transactions
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