Workhorse Group, Inc. filings document the reporting obligations of a Nasdaq-listed Nevada corporation that designs, manufactures, sells and supports all-electric commercial vehicles. The record includes Current Reports on Form 8-K and amendments covering material agreements, credit facilities, direct financial obligations, Regulation FD presentations, litigation-related disclosures, executive compensation and audit-report exhibits.
Annual, quarterly and proxy filings referenced by the company address operating results, risk factors, shareholder voting matters, governance and capital-structure matters tied to its electric truck, step van, shuttle and bus business.
Workhorse Group Inc. former officer Robert M. Ginnan reported a proposed sale of 168 common shares, with Fidelity Brokerage Services LLC listed as broker and an approximate sale date of October 9, 2026. The notice states an aggregate market value of $490.56. Jennifer Ruchti signed as Fidelity’s duly authorized representative and attorney-in-fact for Ginnan.
Workhorse Group Inc. adopted its Value Creation Incentive Plan and approved target performance awards of $15 million for Chief Executive Officer Scott Griffith and $6.5 million for Chief Financial Officer Jody Davis. The performance period runs from October 1, 2026, through September 30, 2031.
The four independently assessed milestones allocate 15% to annualized GAAP revenue of at least $75 million for two consecutive fiscal quarters, 20% to positive GAAP gross margin for two consecutive quarters, 25% to positive operating cash flow for two consecutive quarters, and 40% to average market capitalization of at least $500 million over any consecutive 45-trading-day period. Each milestone can earn only its allocated portion; exceeding one goal does not create above-target payment or affect another goal. Amounts earned may be paid in cash or, at the Committee’s election, in common stock. Workhorse stated that the targets are not predictions, projections or guidance.
Workhorse Group Inc. (WKHS) reported that Motive GM Holdings II LLC received warrants to purchase 1,500,000 shares of common stock on August 25, 2026. The warrants have an exercise price of $10.00 per share and expire on August 25, 2031, and were issued as consideration for amendments to certain credit agreements with Motive GM Holdings II LLC. GMIT Lending Company, LLC and Gary D. Magness may be deemed to beneficially own these securities through their interests in Motive GM Holdings II LLC, but each reporting person disclaims beneficial ownership except to the extent of its or his pecuniary interest.
Workhorse Group Inc. (WKHS) is the subject of an amended Schedule 13D in which Motive GM Holdings II LLC, GMIT Lending Company, LLC and Gary Magness update their beneficial ownership. The reporting group now reports beneficial ownership of 8,129,800 shares of common stock, representing 65.4% of the class, calculated on a base of 10,928,585 outstanding shares plus 1,500,000 shares issuable upon exercise of warrants.
The amendment reflects issuance to Motive GM Holdings II LLC of warrants for 1,500,000 shares of Workhorse common stock, each with an exercise price of $10.00 per share, exercisable immediately and expiring five years from issuance. These warrants were issued as consideration under Omnibus Amendment No. 2 and Amendment No. 3 to the company’s credit agreements, which, among other changes, increased availability under a revolving cash flow credit facility from $10 million to $40 million and reduced a revolving customer order facility from $40 million to $20 million.
Workhorse Group Inc. (WKHS) reported six-month 2026 sales of $7.9 million, versus $1.9 million in 2025, while net loss was $40.1 million versus $25.5 million. It used $40.6 million of cash in operating activities, compared with $21.7 million. The 2025 comparative periods reflect Motiv's historical results before the December 2025 merger; 2026 includes the combined company's activity.
At June 30, 2026, cash and cash equivalents were $9.6 million and restricted cash was $0.7 million. Borrowings were $18.3 million under the Customer Order Credit Agreement and $30.0 million under the Cash Flow Credit Agreement. An August 11, 2026 amendment raised the latter agreement's borrowing capacity from $30.0 million to $40.0 million; Workhorse borrowed an additional $10.0 million after the amendment, bringing borrowings to $40.0 million as of the filing date.
Management said recurring losses, projected capital needs, delays in bringing vehicles to market and lower-than-expected demand raised substantial doubt about its ability to continue as a going concern for at least one year after issuance. Operating revenue was unlikely to meet liquidity needs over the following 12 months, and continued operations depend on external financing; a potential equity or equity-linked financing was not probable as of issuance.
Workhorse Group Inc. reported second-quarter 2026 results reflecting rapid revenue growth but continuing heavy losses as it integrates its merger with Motiv and shifts toward a broader industrial technology strategy. Revenue for the quarter was $3.6 million, up from $0.8 million a year earlier, with 26 vehicles delivered versus 4 in the prior-year quarter. On a pro forma combined basis, first-half 2026 revenue of $7.9 million was roughly in line with $8.2 million in the first half of 2025.
The company posted a second-quarter gross loss of $7.5 million and an operating loss of $19.4 million, leading to a net loss of $20.2 million, or $1.86 per share, compared with a $12.8 million loss a year earlier. For the first half of 2026, net cash used in operating activities was $40.6 million. As of June 30, 2026, Workhorse held $9.6 million in cash and cash equivalents plus $0.7 million of restricted cash, against $103.0 million in total liabilities and $7.2 million of stockholders’ equity. The company drew $20.0 million under its Cash Flow Credit Agreement and $18.3 million under its Customer Order Credit Agreement in the first half, and later borrowed an additional $10 million.
Strategically, management highlighted merger integration progress, a targeted $20 million annualized cost synergy run rate exiting 2026, continued cost-reduction work on modular chassis and next-generation platforms, and plans to enter the containerized mobile AI data center market, targeting initial production and deliveries in 2027.
Workhorse Group Inc. entered into Amendment No. 3 to its Cash Flow Credit Agreement with Motive GM Holdings II LLC, increasing the lender’s Commitment from $30,000,000 to $40,000,000. The amendment defers interest payments on both the additional $10,000,000 loan made under Amendment No. 2 and the new $10,000,000 loan under Amendment No. 3 until the first interest payment date occurring after January 31, 2027, improving near‑term cash flow.
As additional consideration, Workhorse agreed to issue MGMH warrants for 1,500,000 shares of common stock at an exercise price of $10.00 per share, exercisable immediately upon issuance for five years, with 750,000 warrant shares tied to each $10,000,000 incremental borrowing. The warrants are unregistered, issued under Section 4(a)(2) and Rule 506, and will be restricted securities. Separately, Workhorse’s lessor, Mango Workhorse, LLC, agreed to further defer facility rent in Union City, Indiana, extending earlier rent deferrals and requiring a lump‑sum payment of all deferred amounts by January 31, 2027.
Workhorse Group Inc. plans to enter the mobile AI data center market with a new turnkey, compute-ready, containerized mobile AI data center product line aimed at localized infrastructure needs for distributed deployments. The product is in development and is intended to leverage existing engineering, software, testing and supply-chain capabilities and manufacturing at its Union City, Indiana plant.
The company targets 2027 for initial production and commercial deliveries and expects a partnership-based go-to-market model with data center developers. Management states that this new line is expected to provide additional revenue and cash flow and improve operating leverage alongside ongoing work on modular chassis and cab chassis products, also expected to enter production in late 2027. Disclosed risks include design and development challenges, securing commercial partnerships, developments in the mobile AI computing market and raising capital to fund operations.
Workhorse Group Inc. approved a new Short-Term Incentive Plan (STIP) on July 20, 2026, effective January 1, 2026, covering the principal executive officer, principal financial officer and other named executive officers. The plan is designed to make a portion of annual cash compensation dependent on achieving defined performance goals.
For 2026, performance for these officers will be measured 50% on adjusted EBITDA and 50% on revenue. The Chief Executive Officer, Chief Financial Officer and Executive Vice President, Operations each have a 50% of base salary target opportunity, with actual payouts ranging from 0% to 150% of target based on results. The compensation committee may adjust targets, formulas, or cancel bonuses before they are earned. Participants generally must be employed on the payment date, subject to provisions for death, disability, qualifying retirement and change in control, and all awards remain subject to any company forfeiture, recoupment or clawback policies.
Barnes Lindsay A reported acquisition or exercise transactions in this Form 4 filing.
Workhorse Group Inc. reported that Chief Accounting Officer Lindsay A. Barnes received a grant of 56,250 restricted stock units (RSUs) on 2026-07-20. Each RSU represents a contingent right to receive one share of common stock. The RSUs vest in three equal installments beginning on June 1, 2027 and annually thereafter, and 56,250 RSUs are reported as directly owned following this award.