HUGHES DUANE (CEO and President) sold 22.8% of their position (100K shares) of WORKHORSE GROUP INC. on the open market

Open‑market sale worth $2.50M — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale

HUGHES DUANE

Filed: 1/11/2021ACC: 0001628280-21-000360

InsiderHUGHES DUANECIK 1685081

→

IssuerWORKHORSE GROUP INC.CIK 1425287

DirectorOfficer· CEO and President

Since Feb 2019

-118.52K

Net shares

Net seller

$2.86M

Total sold

Open market trades

0B · 1S

Total transactions

100K acquired · 218.51K disposed

Non-Derivative Transactions3

Common Stock, $0.001 par value per share

Direct

S · Sale

−100K

Price / share

$25.00

Trade value

$2.50M

% of position

22.8%

1/7/2021

438.60K→338.60K

Common Stock, $0.001 par value per share

Direct

M · Option Exercise

+100K

Price / share

$5.28

Trade value

$528K

% of position

29.5%

1/7/2021

338.60K→438.60K

Common Stock, $0.001 par value per share

Direct

F · Tax Withholding

−18.52K

Price / share

$19.18

Trade value

$355.12K

% of position

5.5%

1/8/2021

338.60K→320.08K

Total

Net shares

−18.52K

Net value

-$2.33M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, $0.001 par value per share Direct	1/7/2021	S · Sale	−100K	$25.00	$2.50M	22.8%	438.60K	338.60K
Common Stock, $0.001 par value per share Direct	1/7/2021	M · Option Exercise	+100K	$5.28	$528K	29.5%	338.60K	438.60K
Common Stock, $0.001 par value per share Direct	1/8/2021	F · Tax Withholding	−18.52K	$19.18	$355.12K	5.5%	338.60K	320.08K
Total			−18.52K		-$2.33M

Derivative Transactions1

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock, $0.001 par value per share

100K shares

−100K

Strike price

5.28

Held after

250K

Exercisable

—

1/7/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Options Direct	Common Stock, $0.001 par value per share100K shares	1/7/2021	M · Option Exercise	−100K	5.28	—	250K

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

925K

Shares owned

925K

Exercise price

0.97

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

975K

Owned

975K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Options Direct	Common Stock, $0.001 par value per share	0.97	—	—	925K	925K
Stock Options Direct	Common Stock, $0.001 par value per share	0.97	—	—	50K	50K
Total					975K	975K