HUGHES DUANE (CEO and President) sold 14.2% of their position (55.99K shares) of WORKHORSE GROUP INC. on the open market

Open‑market sale worth $1.21M — a moderate reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

HUGHES DUANE

Filed: 12/16/2020ACC: 0001628280-20-017561

InsiderHUGHES DUANECIK 1685081

→

IssuerWORKHORSE GROUP INC.CIK 1425287

DirectorOfficer· CEO and President

Since Feb 2019

-55.99K

Net shares

Net seller

$1.21M

Total sold

Open market trades

0B · 1S

Total transactions

55.99K acquired · 111.98K disposed

Non-Derivative Transactions3

Common Stock, $0.001 par value per share

Direct

S · Sale

−55.99K

Price / share

$21.61

Trade value

$1.21M

% of position

14.2%

12/15/2020

394.59K→338.60K

Common Stock, $0.001 par value per share

Direct

M · Option Exercise

+50K

Price / share

$0.97

Trade value

$48.50K

% of position

14.5%

12/15/2020

344.59K→394.59K

Common Stock, $0.001 par value per share

Direct

M · Option Exercise

+5.99K

Price / share

$4.99

Trade value

$29.89K

% of position

1.8%

12/15/2020

338.60K→344.59K

Total

Net shares

+0.00

Net value

-$1.13M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, $0.001 par value per share Direct	12/15/2020	S · Sale	−55.99K	$21.61	$1.21M	14.2%	394.59K	338.60K
Common Stock, $0.001 par value per share Direct	12/15/2020	M · Option Exercise	+50K	$0.97	$48.50K	14.5%	344.59K	394.59K
Common Stock, $0.001 par value per share Direct	12/15/2020	M · Option Exercise	+5.99K	$4.99	$29.89K	1.8%	338.60K	344.59K
Total			+0.00		-$1.13M

Derivative Transactions2

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock, $0.001 par value per share

50K shares

−50K

Strike price

0.97

Held after

950K

Exercisable

—

12/15/2020

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock, $0.001 par value per share

5.99K shares

−5.99K

Strike price

4.99

Held after

0.00

Exercisable

—

12/15/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Options Direct	Common Stock, $0.001 par value per share50K shares	12/15/2020	M · Option Exercise	−50K	0.97	—	950K
Stock Options Direct	Common Stock, $0.001 par value per share5.99K shares	12/15/2020	M · Option Exercise	−5.99K	4.99	—	0.00

Non-Derivative Holdings (Post-Transaction)0

No non-derivative holdings reported

Derivative Holdings (Post-Transaction)2

Stock Options

Direct

Underlying security

Common Stock, $0.001 par value per share

Underlying shares

350K

Shares owned

350K

Exercise price

5.28

Expiration

—

Exercise window

—

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

—

Total

Underlying

400K

Owned

400K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Options Direct	Common Stock, $0.001 par value per share	5.28	—	—	350K	350K
Stock Options Direct	Common Stock, $0.001 par value per share	0.97	—	—	50K	50K
Total					400K	400K