Workhorse grants 1.5M warrants at $10 to creditor
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.
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Form Type
4
Rhea-AI Filing Summary
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.
Insider Trade Summary
Other: 1,500,000 shares
Other
1 txn
Insider
Motive GM Holdings II LLC, GMIT Lending Company, LLC, MAGNESS GARY D
Role
10% Owner | 10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Warrants (right to buy) F1, F2 | 1,500,000 | $0.00 | $0.00 |
Holdings After Transaction:
Warrants (right to buy) — 1,500,000 contracts (Direct)
Footnotes (2)
- F1. The warrants were issued as consideration for Motive GM Holdings II LLC ("MGMH") entering into amendments to certain credit agreements between the Issuer and MGMH.
- F2. Mr. Magness serves as the manager of MGMH and, in such capacity, exercises voting and dispositive power over the securities held directly by MGMH; Mr. Magness also holds a direct membership in MGMH, and, by virtue of the foregoing, may be deemed to beneficially own the securities reported herein. GMIT Lending Company, LLC, for which Mr. Magness also serves as manager, is the majority member of MGMH and may be deemed to beneficially own the securities reported herein by virtue of its membership interest. Each Reporting Person disclaims beneficial ownership of the securities reported except to the extent of its or his pecuniary interest therein. The inclusion of the securities reported herein shall not be deemed an admission of beneficial ownership by any Reporting Person for Section 16 or any other purpose.
Key Figures
Warrants acquired: 1,500,000 warrants
Underlying common shares: 1,500,000 shares
Exercise price: $10.00 per share
+3 more
6 metrics
Warrants acquired
1,500,000 warrants
Warrants issued to Motive GM Holdings II LLC on August 25, 2026
Underlying common shares
1,500,000 shares
Common Stock, $0.001 par value per share underlying the warrants
Exercise price
$10.00 per share
Conversion or exercise price of the warrants
Warrant grant date
August 25, 2026
Transaction and exercise date of the warrants
Warrant expiration date
August 25, 2031
Expiration date of the warrants held by Motive GM Holdings II LLC
Shares following transaction
1,500,000 warrants
Total derivative securities held following the reported transaction
Key Terms
Warrants, beneficially own, dispositive power, pecuniary interest
4 terms
Warrants financial
"The warrants were issued as consideration for Motive GM Holdings II LLC"
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
beneficially own financial
"may be deemed to beneficially own the securities reported herein"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
dispositive power financial
"exercises voting and dispositive power over the securities held directly"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
pecuniary interest financial
"disclaims beneficial ownership of the securities reported except to the extent of its or his pecuniary interest"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What derivative securities were reported in this Form 4 for WKHS?
The filing reports warrants to purchase 1,500,000 shares of Workhorse Group Inc. common stock held by Motive GM Holdings II LLC, with an exercise price of $10.00 per share and an expiration date of August 25, 2031.
Who holds the 1,500,000 Workhorse Group (WKHS) warrants reported here?
The 1,500,000 warrants are held directly by 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, subject to disclaimers of beneficial ownership.
What was the consideration for issuing the 1,500,000 WKHS warrants?
The warrants were issued as consideration for Motive GM Holdings II LLC entering into amendments to certain credit agreements between Workhorse Group Inc. and Motive GM Holdings II LLC, according to the filing footnote.
What are the key terms of the Workhorse Group (WKHS) warrants disclosed?
The warrants cover 1,500,000 underlying common shares of Workhorse Group Inc., have an exercise price of $10.00 per share, were dated August 25, 2026, and have an expiration date of August 25, 2031.
How do the reporting persons describe their beneficial ownership of the WKHS warrants?
GMIT Lending Company, LLC and Gary D. Magness may be deemed to beneficially own the securities through their interests in Motive GM Holdings II LLC, but each reporting person disclaims beneficial ownership of the securities reported except to the extent of its or his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
