SAMUELS H. BENJAMIN sold 42.9% of their position (500K shares) of WORKHORSE GROUP INC. on the open market

Open‑market sale worth $8.30M — a major position exit. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 3 sales

SAMUELS H. BENJAMIN

Filed: 8/20/2020ACC: 0001628280-20-012938

InsiderSAMUELS H. BENJAMINCIK 1661669

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IssuerWORKHORSE GROUP INC.CIK 1425287

Director

Since Feb 2019

-500K

Net shares

Net seller

$8.30M

Total sold

Open market trades

0B · 3S

Total transactions

380.32K acquired · 880.33K disposed

Non-Derivative Transactions5

Common Stock, $0.001 par value per share

Indirect

S · Sale

−300K

Price / share

$16.54

Trade value

$4.96M

% of position

53.1%

8/18/2020

565.09K→265.09K

Common Stock, $0.001 par value per share

Indirect

S · Sale

−100K

Price / share

$16.62

Trade value

$1.66M

% of position

15.0%

8/18/2020

665.09K→565.09K

Common Stock, $0.001 par value per share

Indirect

S · Sale

−100K

Price / share

$16.80

Trade value

$1.68M

% of position

13.1%

8/18/2020

765.09K→665.09K

Common Stock, $0.001 par value per share

Indirect

X · X

+95.25K

Price / share

$5.28

Trade value

$502.94K

% of position

17.3%

8/20/2020

550.16K→645.42K

Common Stock, $0.001 par value per share

Indirect

X · X

+285.07K

Price / share

$5.28

Trade value

$1.51M

% of position

107.5%

8/20/2020

265.09K→550.16K

Total

Net shares

−119.67K

Net value

-$6.30M

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock, $0.001 par value per share Indirect	8/18/2020	S · Sale	−300K	$16.54	$4.96M	53.1%	565.09K	265.09K
Common Stock, $0.001 par value per share Indirect	8/18/2020	S · Sale	−100K	$16.62	$1.66M	15.0%	665.09K	565.09K
Common Stock, $0.001 par value per share Indirect	8/18/2020	S · Sale	−100K	$16.80	$1.68M	13.1%	765.09K	665.09K
Common Stock, $0.001 par value per share Indirect	8/20/2020	X · X	+95.25K	$5.28	$502.94K	17.3%	550.16K	645.42K
Common Stock, $0.001 par value per share Indirect	8/20/2020	X · X	+285.07K	$5.28	$1.51M	107.5%	265.09K	550.16K
Total			−119.67K		-$6.30M

Derivative Transactions2

Common Stock Purchase Warrant

Indirect

X · X

Converts to

Common Stock, $0.001 par value per share

95.25K shares

−95.25K

Strike price

5.28

Held after

0.00

Exercisable

—

8/20/2020

Common Stock Purchase Warrant

Indirect

X · X

Converts to

Common Stock, $0.001 par value per share

285.07K shares

−285.07K

Strike price

5.28

Held after

0.00

Exercisable

—

8/20/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Common Stock Purchase Warrant Indirect	Common Stock, $0.001 par value per share95.25K shares	8/20/2020	X · X	−95.25K	5.28	—	0.00
Common Stock Purchase Warrant Indirect	Common Stock, $0.001 par value per share285.07K shares	8/20/2020	X · X	−285.07K	5.28	—	0.00

Non-Derivative Holdings (Post-Transaction)2

Common Stock, $0.001 par value per share

Indirect

Shares owned420.96K

Common Stock, $0.001 par value per share

Direct

Shares owned533.70K

Total

533.70K direct·420.96K indirect954.66K

Security Title	Shares Owned	Ownership Type
Common Stock, $0.001 par value per share	420.96K	Indirect
Common Stock, $0.001 par value per share	533.70K	Direct
Total	954.66K	533.70K direct·420.96K indirect

Derivative Holdings (Post-Transaction)2

Stock Options

Direct

Underlying security

Common Stock, $0.001 par value per share

Underlying shares

50K

Shares owned

50K

Exercise price

7.01

Expiration

—

Exercise window

—

Stock Options

Direct

Underlying security

Common Stock, $0.001 par value per share

Underlying shares

10K

Shares owned

10K

Exercise price

7.21

Expiration

—

Exercise window

—

Total

Underlying

60K

Owned

60K

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Options Direct	Common Stock, $0.001 par value per share	7.01	—	—	50K	50K
Stock Options Direct	Common Stock, $0.001 par value per share	7.21	—	—	10K	10K
Total					60K	60K