LUKENS JOSEPH THEODORE JR made both purchases and sales at WORKHORSE GROUP INC.

Purchased 0.5% of their position (36.77K shares) and sold 18.6% of their position (1.26M shares) — review individual transaction dates and prices for directional context.

P · 1S · 11

LUKENS JOSEPH THEODORE JR

Filed: 7/10/2020ACC: 0001213900-20-017160

InsiderLUKENS JOSEPH THEODORE JRCIK 1607972

→

IssuerWORKHORSE GROUP INC.CIK 1425287

10% Owner

Since Apr 2018

-2.21M

Net shares

Net seller

$13.46M

Total sold

Open market trades

1B · 11S

Total transactions

1.95M acquired · 4.16M disposed

Non-Derivative Transactions18

Common Stock

Indirect

P · Purchase

+36.77K

Price / share

$2.82

Trade value

$103.68K

% of position

0.5%

4/30/2018

6.97M→7.01M

Common Stock

Indirect

M · Option Exercise

+410.15K

Price / share

—

Trade value

—

% of position

5.9%

6/14/2018

7.01M→7.42M

Common Stock

Indirect

S · Sale

−267.36K

Price / share

$3.60

Trade value

$962.48K

% of position

3.6%

7/16/2019

7.42M→7.15M

Common Stock

Indirect

S · Sale

−109K

Price / share

$3.48

Trade value

$379.32K

% of position

1.5%

7/22/2019

7.15M→7.04M

Common Stock

Indirect

G · Gift

−77.44K

Price / share

—

Trade value

—

% of position

50.0%

9/3/2019

154.87K→77.44K

Common Stock

Indirect

G · Gift

−77.44K

Price / share

—

Trade value

—

% of position

New position

12/23/2019

77.44K→0.00

Common Stock

Indirect

S · Sale

−83.64K

Price / share

$3.36

Trade value

$281.04K

% of position

1.2%

2/18/2020

7.04M→6.96M

Common Stock

Indirect

S · Sale

−4.95K

Price / share

$3.90

Trade value

$19.29K

% of position

0.1%

2/21/2020

6.96M→6.95M

Common Stock

Indirect

S · Sale

−200.00

Price / share

$3.70

Trade value

$740.00

% of position

0.0%

2/25/2020

6.95M→6.95M

Common Stock

Indirect

S · Sale

−61.70K

Price / share

$3.62

Trade value

$223.35K

% of position

0.9%

2/26/2020

6.95M→6.89M

Common Stock

Indirect

S · Sale

−100K

Price / share

$2.99

Trade value

$299K

% of position

1.5%

3/3/2020

6.89M→6.79M

Common Stock

Indirect

S · Sale

−15K

Price / share

$2.36

Trade value

$35.40K

% of position

0.2%

3/11/2020

6.79M→6.78M

Common Stock

Indirect

S · Sale

−18.15K

Price / share

$3.24

Trade value

$58.82K

% of position

0.3%

4/5/2020

6.78M→6.76M

Common Stock

Indirect

J · J

−654.78K

Price / share

—

Trade value

—

% of position

9.7%

5/20/2020

6.76M→6.10M

Common Stock

Indirect

S · Sale

−500K

Price / share

$18.40

Trade value

$9.20M

% of position

8.2%

6/30/2020

6.10M→5.60M

Common Stock

Indirect

S · Sale

−100K

Price / share

$20.00

Trade value

$2M

% of position

1.8%

7/1/2020

5.60M→5.50M

Common Stock

Indirect

J · J

−1.50M

Price / share

—

Trade value

—

% of position

27.3%

7/7/2020

5.50M→4M

Common Stock

Direct

J · J

+1.50M

Price / share

—

Trade value

—

% of position

New position

7/7/2020

0.00→1.50M

Total

Net shares

−1.62M

Net value

-$13.36M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Indirect	4/30/2018	P · Purchase	+36.77K	$2.82	$103.68K	0.5%	6.97M	7.01M
Common Stock Indirect	6/14/2018	M · Option Exercise	+410.15K	—	—	5.9%	7.01M	7.42M
Common Stock Indirect	7/16/2019	S · Sale	−267.36K	$3.60	$962.48K	3.6%	7.42M	7.15M
Common Stock Indirect	7/22/2019	S · Sale	−109K	$3.48	$379.32K	1.5%	7.15M	7.04M
Common Stock Indirect	9/3/2019	G · Gift	−77.44K	—	—	50.0%	154.87K	77.44K
Common Stock Indirect	12/23/2019	G · Gift	−77.44K	—	—	New position	77.44K	0.00
Common Stock Indirect	2/18/2020	S · Sale	−83.64K	$3.36	$281.04K	1.2%	7.04M	6.96M
Common Stock Indirect	2/21/2020	S · Sale	−4.95K	$3.90	$19.29K	0.1%	6.96M	6.95M
Common Stock Indirect	2/25/2020	S · Sale	−200.00	$3.70	$740.00	0.0%	6.95M	6.95M
Common Stock Indirect	2/26/2020	S · Sale	−61.70K	$3.62	$223.35K	0.9%	6.95M	6.89M
Common Stock Indirect	3/3/2020	S · Sale	−100K	$2.99	$299K	1.5%	6.89M	6.79M
Common Stock Indirect	3/11/2020	S · Sale	−15K	$2.36	$35.40K	0.2%	6.79M	6.78M
Common Stock Indirect	4/5/2020	S · Sale	−18.15K	$3.24	$58.82K	0.3%	6.78M	6.76M
Common Stock Indirect	5/20/2020	J · J	−654.78K	—	—	9.7%	6.76M	6.10M
Common Stock Indirect	6/30/2020	S · Sale	−500K	$18.40	$9.20M	8.2%	6.10M	5.60M
Common Stock Indirect	7/1/2020	S · Sale	−100K	$20.00	$2M	1.8%	5.60M	5.50M
Common Stock Indirect	7/7/2020	J · J	−1.50M	—	—	27.3%	5.50M	4M
Common Stock Direct	7/7/2020	J · J	+1.50M	—	—	New position	0.00	1.50M
Total			−1.62M		-$13.36M

Derivative Transactions1

Common Stock Purchase Warrant

Indirect

M · Option Exercise

Converts to

Common Stock

585.94K shares

−585.94K

Strike price

3.80

Held after

0.00

Exercisable

—

6/14/2018

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Common Stock Purchase Warrant Indirect	Common Stock585.94K shares	6/14/2018	M · Option Exercise	−585.94K	3.80	—	0.00