HUGHES DUANE (CEO and President) sold 13.5% of their position (62.51K shares) of WORKHORSE GROUP INC. on the open market

Open‑market sale worth $1.03M — a moderate reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 3 sales

HUGHES DUANE

Filed: 7/15/2020ACC: 0001213900-20-017575

InsiderHUGHES DUANECIK 1685081

→

IssuerWORKHORSE GROUP INC.CIK 1425287

DirectorOfficer· CEO and President

Since Feb 2019

-30K

Net shares

Net seller

$1.16M

Total sold

Open market trades

0B · 3S

Total transactions

40K acquired · 70K disposed

Non-Derivative Transactions5

Common Stock, $0.001 par value per share

Direct

S · Sale

−11.45K

Price / share

$17.16

Trade value

$196.50K

% of position

3.2%

7/13/2020

359.04K→347.59K

Common Stock, $0.001 par value per share

Direct

S · Sale

−40.52K

Price / share

$16.56

Trade value

$670.94K

% of position

10.1%

7/13/2020

399.56K→359.04K

Common Stock, $0.001 par value per share

Direct

S · Sale

−10.55K

Price / share

$15.67

Trade value

$165.26K

% of position

2.6%

7/13/2020

410.10K→399.56K

Common Stock, $0.001 par value per share

Direct

F · Tax Withholding

−7.49K

Price / share

$16.48

Trade value

$123.39K

% of position

1.8%

7/13/2020

417.59K→410.10K

Common Stock, $0.001 par value per share

Direct

M · Option Exercise

+20K

Price / share

$1.75

Trade value

$35K

% of position

5.0%

7/13/2020

397.59K→417.59K

Total

Net shares

−50K

Net value

-$1.12M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, $0.001 par value per share Direct	7/13/2020	S · Sale	−11.45K	$17.16	$196.50K	3.2%	359.04K	347.59K
Common Stock, $0.001 par value per share Direct	7/13/2020	S · Sale	−40.52K	$16.56	$670.94K	10.1%	399.56K	359.04K
Common Stock, $0.001 par value per share Direct	7/13/2020	S · Sale	−10.55K	$15.67	$165.26K	2.6%	410.10K	399.56K
Common Stock, $0.001 par value per share Direct	7/13/2020	F · Tax Withholding	−7.49K	$16.48	$123.39K	1.8%	417.59K	410.10K
Common Stock, $0.001 par value per share Direct	7/13/2020	M · Option Exercise	+20K	$1.75	$35K	5.0%	397.59K	417.59K
Total			−50K		-$1.12M

Derivative Transactions1

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock, $0.001 par value per share

20K shares

+20K

Strike price

1.75

Held after

0.00

Exercisable

—

7/13/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Options Direct	Common Stock, $0.001 par value per share20K shares	7/13/2020	M · Option Exercise	+20K	1.75	—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)5

Stock Options

Direct

Underlying security

Common Stock, $0.001 par value per share

Underlying shares

50K

Shares owned

50K

Exercise price

0.97

Expiration

—

Exercise window

—

Stock Options

Direct

Underlying security

Common Stock, $0.001 par value per share

Underlying shares

Shares owned

Exercise price

0.97

Expiration

—

Exercise window

—

Stock Options

Direct

Underlying security

Common Stock, $0.001 par value per share

Underlying shares

400K

Shares owned

400K

Exercise price

5.28

Expiration

—

Exercise window

—

Stock Options

Direct

Underlying security

Common Stock, $0.001 par value per share

Underlying shares

25K

Shares owned

25K

Exercise price

4.99

Expiration

—

Exercise window

—

Stock Options

Direct

Underlying security

Common Stock, $0.001 par value per share

Underlying shares

22K

Shares owned

22K

Exercise price

7.21

Expiration

—

Exercise window

—

Total

Underlying

1.50M

Owned

1.50M

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Options Direct	Common Stock, $0.001 par value per share	0.97	—	—	50K	50K
Stock Options Direct	Common Stock, $0.001 par value per share	0.97	—	—	1M	1M
Stock Options Direct	Common Stock, $0.001 par value per share	5.28	—	—	400K	400K
Stock Options Direct	Common Stock, $0.001 par value per share	4.99	—	—	25K	25K
Stock Options Direct	Common Stock, $0.001 par value per share	7.21	—	—	22K	22K
Total					1.50M	1.50M