HUGHES DUANE (CEO and President) sold 32.3% of their position (200K shares) of WORKHORSE GROUP INC. on the open market

Open‑market sale worth $5.80M — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 2 sales

HUGHES DUANE

Filed: 1/28/2021ACC: 0001628280-21-001020

InsiderHUGHES DUANECIK 1685081

→

IssuerWORKHORSE GROUP INC.CIK 1425287

DirectorOfficer· CEO and President

Since Feb 2019

-200K

Net shares

Net seller

$5.80M

Total sold

Open market trades

0B · 2S

Total transactions

200K acquired · 400K disposed

Non-Derivative Transactions3

Common Stock, $0.001 par value per share

Direct

S · Sale

−100K

Price / share

$28.00

Trade value

$2.80M

% of position

23.8%

1/26/2021

420.08K→320.08K

Common Stock, $0.001 par value per share

Direct

S · Sale

−100K

Price / share

$30.00

Trade value

$3M

% of position

19.2%

1/26/2021

520.09K→420.08K

Common Stock, $0.001 par value per share

Direct

M · Option Exercise

+200K

Price / share

$5.28

Trade value

$1.06M

% of position

62.5%

1/26/2021

320.08K→520.09K

Total

Net shares

+0.00

Net value

-$4.74M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, $0.001 par value per share Direct	1/26/2021	S · Sale	−100K	$28.00	$2.80M	23.8%	420.08K	320.08K
Common Stock, $0.001 par value per share Direct	1/26/2021	S · Sale	−100K	$30.00	$3M	19.2%	520.09K	420.08K
Common Stock, $0.001 par value per share Direct	1/26/2021	M · Option Exercise	+200K	$5.28	$1.06M	62.5%	320.08K	520.09K
Total			+0.00		-$4.74M

Derivative Transactions1

Stock Options

Direct

M · Option Exercise

Converts to

Common Stock, $0.001 par value per share

200K shares

−200K

Strike price

5.28

Held after

50K

Exercisable

—

1/26/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Options Direct	Common Stock, $0.001 par value per share200K shares	1/26/2021	M · Option Exercise	−200K	5.28	—	50K

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