Workhorse CEO awarded 562,500 RSUs

Griffith Scott W. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Griffith Scott W. reported acquisition or exercise transactions in this Form 4 filing.

Workhorse Group Inc. reported that Chief Executive Officer Scott W. Griffith received a grant of 562,500 restricted stock units (RSUs) of common stock on July 20, 2026. Each RSU represents a contingent right to one share and will vest in three equal installments beginning on June 1, 2027 and annually thereafter. Following this award, Griffith holds 562,500 shares/RSUs directly, subject to vesting, with no purchase price paid for the grant.

Insider Trade Summary

Grant/Award: 562,500 shares

Grant/Award 1 txn

Insider Griffith Scott W.

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $0.001 par value per share F1	562,500	$0.00	$0.00

Holdings After Transaction: Common Stock, $0.001 par value per share — 562,500 shares (Direct)

Footnotes (1)

1. F1. Represents restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of common stock of the Issuer. The RSUs will vest in three equal installments beginning on June 1, 2027 and annually thereafter.

Key Figures

RSUs granted: 562,500 units Grant price: $0.0000 per share Shares following grant: 562,500 shares +2 more

5 metrics

RSUs granted 562,500 units Restricted stock units granted to CEO Scott W. Griffith on July 20, 2026

Grant price $0.0000 per share Per-share price for the RSU grant as reported in the Form 4

Shares following grant 562,500 shares Total direct holdings reported for Scott W. Griffith after the RSU grant

Vesting installments 3 installments RSUs vest in three equal installments beginning June 1, 2027 and annually thereafter

Vesting start date June 1, 2027 First vesting date for the granted RSUs

Key Terms

restricted stock units ("RSUs"), contingent right, vest

3 terms

restricted stock units ("RSUs") financial

"Represents restricted stock units ("RSUs") granted to the Reporting Person."

Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.

contingent right financial

"Each RSU represents a contingent right to receive one share of common stock"

vest financial

"The RSUs will vest in three equal installments beginning on June 1, 2027"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Workhorse Group (WKHS) report for CEO Scott W. Griffith?

Workhorse Group reported that CEO Scott W. Griffith received a grant of 562,500 restricted stock units (RSUs). These RSUs are equity compensation, not an open-market purchase, and each RSU represents a contingent right to receive one share of common stock.

How many shares are covered by the RSU grant to the Workhorse (WKHS) CEO?

The RSU grant to the CEO covers 562,500 units, each representing one share of Workhorse common stock. After this grant, Griffith’s directly held position reported in the filing is 562,500 shares/RSUs, all subject to the disclosed vesting conditions.

What is the vesting schedule for the 562,500 RSUs at Workhorse Group (WKHS)?

The 562,500 RSUs will vest in three equal installments. Vesting begins on June 1, 2027 and continues with additional equal installments annually thereafter, meaning the award is spread over three years of service-based vesting.

Did the Workhorse (WKHS) CEO pay a purchase price for the 562,500 RSUs?

No cash purchase price was paid; the Form 4 lists a per-share price of $0.0000 for the RSU grant. This reflects that the award is part of executive compensation rather than a market transaction in Workhorse common stock.

Is the Workhorse (WKHS) CEO’s RSU grant under a Rule 10b5-1 trading plan?

The filing’s Rule 10b5-1 checkbox is not marked as an affirmed plan. The transaction is reported as a compensation grant, and there is no indication in the footnotes that it was executed under a pre-arranged Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/21/2026 - 05:28 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Griffith Scott W.

(Last) (First) (Middle)

C/O WORKHORSE GROUP INC.

3600 PARK 42 DRIVE, SUITE 160E

(Street)

SHARONVILLE OHIO 45241

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Workhorse Group Inc. [ WKHS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.001 par value per share	07/20/2026		A		562,500(1)	A	$0	562,500	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents restricted stock units ("RSUs") granted to the Reporting Person. Each RSU represents a contingent right to receive one share of common stock of the Issuer. The RSUs will vest in three equal installments beginning on June 1, 2027 and annually thereafter.

Remarks:

	/s/ Scott W. Griffith	07/21/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)