HUGHES DUANE (CEO and President) sold 12.9% of their position (50K shares) of WORKHORSE GROUP INC. on the open market

Open‑market sale worth $1.29M — a moderate reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

HUGHES DUANE

Filed: 9/18/2020ACC: 0001628280-20-013750

InsiderHUGHES DUANECIK 1685081

→

IssuerWORKHORSE GROUP INC.CIK 1425287

DirectorOfficer· CEO and President

Since Feb 2019

-50K

Net shares

Net seller

$1.29M

Total sold

Open market trades

0B · 1S

Total transactions

41.01K acquired · 91.01K disposed

Non-Derivative Transactions3

Common Stock, $0.001 par value per share

Direct

S · Sale

−50K

Price / share

$25.78

Trade value

$1.29M

% of position

12.9%

9/17/2020

388.60K→338.60K

Common Stock, $0.001 par value per share

Direct

M · Option Exercise

+19.01K

Price / share

$4.99

Trade value

$94.86K

% of position

5.1%

9/17/2020

369.59K→388.60K

Common Stock, $0.001 par value per share

Direct

M · Option Exercise

+22K

Price / share

$7.21

Trade value

$158.62K

% of position

6.3%

9/17/2020

347.59K→369.59K

Total

Net shares

−8.99K

Net value

-$1.04M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, $0.001 par value per share Direct	9/17/2020	S · Sale	−50K	$25.78	$1.29M	12.9%	388.60K	338.60K
Common Stock, $0.001 par value per share Direct	9/17/2020	M · Option Exercise	+19.01K	$4.99	$94.86K	5.1%	369.59K	388.60K
Common Stock, $0.001 par value per share Direct	9/17/2020	M · Option Exercise	+22K	$7.21	$158.62K	6.3%	347.59K	369.59K
Total			−8.99K		-$1.04M

Derivative Transactions2

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock, $0.001 par value per share

19.01K shares

−19.01K

Strike price

4.99

Held after

5.99K

Exercisable

—

9/17/2020

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock, $0.001 par value per share

22K shares

−22K

Strike price

7.21

Held after

0.00

Exercisable

—

9/17/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Options Direct	Common Stock, $0.001 par value per share19.01K shares	9/17/2020	M · Option Exercise	−19.01K	4.99	—	5.99K
Stock Options Direct	Common Stock, $0.001 par value per share22K shares	9/17/2020	M · Option Exercise	−22K	7.21	—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)3

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

—

Total

Underlying

1.45M

Owned

1.45M

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
Total					1.45M	1.45M