MARCH STANLEY RAYMOND

PrivateCIK: 1896024
Location

LOVELAND, OH

MARCH STANLEY RAYMOND (VP, Business Development) sold 74.3% of their position (284.00 shares) of WORKHORSE GROUP INC. on the open market

Open‑market sale worth $1.8K — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 3 sales
InsiderMARCH STANLEY RAYMONDCIK 1896024
IssuerWORKHORSE GROUP INC.CIK 1425287
Officer· VP, Business Development
Since Nov 2021
-284.00
Net shares
Net seller
$1.8K
Total sold
3
Open market trades
0B · 3S
9
Total transactions
284.00 acquired · 568.00 disposed
Non-Derivative Transactions6

Common Stock, $0.001 par value per share

Direct
M · Option Exercise

Shares

+106.00

Price / share

Trade value

% of position

108.2%
12/15/2025
98.00204.00

Common Stock, $0.001 par value per share

Direct
S · Sale

Shares

106.00

Price / share

$6.51

Trade value

$690.06

% of position

52.0%
12/15/2025
204.0098.00

Common Stock, $0.001 par value per share

Direct
M · Option Exercise

Shares

+20.00

Price / share

Trade value

% of position

20.4%
12/15/2025
98.00118.00

Common Stock, $0.001 par value per share

Direct
S · Sale

Shares

20.00

Price / share

$6.51

Trade value

$130.20

% of position

16.9%
12/15/2025
118.0098.00

Common Stock, $0.001 par value per share

Direct
M · Option Exercise

Shares

+158.00

Price / share

Trade value

% of position

161.2%
12/15/2025
98.00256.00

Common Stock, $0.001 par value per share

Direct
S · Sale

Shares

158.00

Price / share

$6.51

Trade value

$1.03K

% of position

61.7%
12/15/2025
256.0098.00
Total

Net shares

+0.00

Net value

-$1.85K

Derivative Transactions3

Restricted Stock Units

Direct
M · Option Exercise
Converts to

Common Stock, $0.001 par value per share

106.00 shares

Shares

106.00

Strike price

Held after

0.00

Exercisable

12/15/2025

Performance Share Units

Direct
M · Option Exercise
Converts to

Common Stock, $0.001 par value per share

20.00 shares

Shares

20.00

Strike price

Held after

0.00

Exercisable

12/15/2025

Performance Share Units

Direct
M · Option Exercise
Converts to

Common Stock, $0.001 par value per share

158.00 shares

Shares

158.00

Strike price

Held after

0.00

Exercisable

12/15/2025
Non-Derivative Holdings (Post-Transaction)1

Common Stock, $0.001 par value per share

Indirect
Shares owned23.00
Total
23.00 indirect23.00
Derivative Holdings (Post-Transaction)0
No derivative holdings reported
MARCH STANLEY RAYMOND — Insider Transaction (Form 4) Filed Dec 15, 2025 | Finecho