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 $1.15M — a moderate reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

HUGHES DUANE

Filed: 10/20/2020ACC: 0001628280-20-014622

InsiderHUGHES DUANECIK 1685081

→

IssuerWORKHORSE GROUP INC.CIK 1425287

DirectorOfficer· CEO and President

Since Feb 2019

-50K

Net shares

Net seller

$1.15M

Total sold

Open market trades

0B · 1S

Total transactions

50K acquired · 100K disposed

Non-Derivative Transactions2

Common Stock, $0.001 par value per share

Direct

S · Sale

−50K

Price / share

$23.00

Trade value

$1.15M

% of position

12.9%

10/16/2020

388.60K→338.60K

Common Stock, $0.001 par value per share

Direct

M · Option Exercise

+50K

Price / share

$5.28

Trade value

$264K

% of position

14.8%

10/16/2020

338.60K→388.60K

Total

Net shares

+0.00

Net value

-$886K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, $0.001 par value per share Direct	10/16/2020	S · Sale	−50K	$23.00	$1.15M	12.9%	388.60K	338.60K
Common Stock, $0.001 par value per share Direct	10/16/2020	M · Option Exercise	+50K	$5.28	$264K	14.8%	338.60K	388.60K
Total			+0.00		-$886K

Derivative Transactions1

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock, $0.001 par value per share

50K shares

−50K

Strike price

5.28

Held after

350K

Exercisable

—

10/16/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Options Direct	Common Stock, $0.001 par value per share50K shares	10/16/2020	M · Option Exercise	−50K	5.28	—	350K

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

5.99K

Shares owned

5.99K

Exercise price

4.99

Expiration

—

Exercise window

—

Total

Underlying

1.06M

Owned

1.06M

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	4.99	—	—	5.99K	5.99K
Total					1.06M	1.06M