Form 4: Workhorse Group Inc. Executive Reports Stock Transactions After Reverse Stock Splits

James Peters, VP of Supply Chain Management at Workhorse Group Inc., reports transactions involving common stock and restricted stock units following two reverse stock splits.

Summary

• James Peters, VP of Supply Chain Management at Workhorse Group Inc., filed a Form 4 detailing changes in beneficial ownership.
• The filing reflects transactions made on February 22, 2025, involving common stock and restricted stock units (RSUs).
• These transactions occurred after Workhorse Group Inc. implemented a 1-for-20 reverse stock split on June 17, 2024, and a 1-for-12.5 reverse stock split on March 17, 2025, resulting in a cumulative 1-for-250 reverse split.
• Peters acquired 547 shares of common stock and disposed of 186 shares to cover estimated tax withholding for previously granted RSUs.
• The price of the disposed shares was $6.09.
• Following these transactions, Peters directly owns 831 shares of common stock and 1,094 restricted stock units.
• The RSUs vest in equal one-third increments over three years beginning on February 22, 2025, and can be settled in cash or common stock at the company's discretion.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.

Future Outlook

The RSUs vest in equal one-third increments over three years beginning on February 22, 2025, and can be settled in cash or common stock at the company's discretion.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Reverse stock splits are often undertaken by companies to increase their stock price and maintain listing requirements.

Stakeholder Impact

• The reverse stock splits impacted the number of shares held by the reporting person and proportionally adjusted the company's outstanding equity awards, affecting shareholders.

Key Dates

Keywords

Form 4, Workhorse Group Inc., James Peters, Reverse Stock Split, Restricted Stock Units, Beneficial Ownership, Equity, Transactions