Workhorse director granted 30,484 RSU award

Chess Raymond Joseph reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Chess Raymond Joseph reported acquisition or exercise transactions in this Form 4 filing.

Workhorse Group Inc. director Raymond Joseph Chess received a grant of 30,484 restricted stock units (RSUs) on July 17, 2026. Each RSU represents a contingent right to receive one share of common stock. Of this award, 25,000 RSUs vest in one installment on the earlier of June 29, 2027 and the date of the 2027 annual stockholder's meeting, while 5,484 RSUs vested immediately as of the grant date. Following the grant, his total direct holdings were 30,699.

Insider Trade Summary

Grant/Award: 30,484 shares

Grant/Award 1 txn

Insider Chess Raymond Joseph

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock, $0.001 par value per share F1	30,484	$0.00	$0.00

Holdings After Transaction: Common Stock, $0.001 par value per share — 30,699 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. Of the RSUs reported, 25,000 will vest in one installment on the earlier of June 29, 2027 and the date of the Issuer's 2027 annual stockholder's meeting. The remaining 5,484 RSUs fully vested as of the date of grant.

Key Figures

RSUs granted: 30,484 units RSUs vesting in future installment: 25,000 units RSUs vested immediately: 5,484 units +2 more

5 metrics

RSUs granted 30,484 units Award to director Raymond Joseph Chess on July 17, 2026

RSUs vesting in future installment 25,000 units Vest in one installment on the earlier of June 29, 2027 and the 2027 annual stockholder's meeting

RSUs vested immediately 5,484 units Fully vested as of the grant date

Holdings after award 30,699 shares Total direct holdings following the reported transaction

Reported transaction price per share $0.0000 Grant of RSUs recorded with zero cash price per share

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

"Of the RSUs reported, 25,000 will vest in one installment on the earlier of June 29, 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 WKHS report for director Raymond Joseph Chess?

Workhorse Group reported that director Raymond Joseph Chess received 30,484 restricted stock units (RSUs) on July 17, 2026. Each RSU represents a contingent right to receive one share of Workhorse common stock, bringing his total direct holdings to 30,699 after the grant.

How do the 30,484 RSUs granted to the WKHS director vest?

Of the 30,484 RSUs granted to Raymond Joseph Chess, 25,000 vest in one installment on the earlier of June 29, 2027 and Workhorse’s 2027 annual stockholder's meeting. The remaining 5,484 RSUs fully vested as of the grant date.

How many Workhorse Group (WKHS) RSUs vested immediately for Raymond Joseph Chess?

Out of the 30,484 RSUs granted to Raymond Joseph Chess, 5,484 RSUs were fully vested as of the grant date. The balance of 25,000 RSUs remains unvested and is scheduled to vest in a single future installment, subject to the stated timing.

What are Raymond Joseph Chess’s direct holdings in WKHS after this RSU grant?

Following the grant of 30,484 RSUs, Raymond Joseph Chess directly held a total of 30,699 Workhorse equity interests reported as common stock. This figure reflects his position immediately after the July 17, 2026 award, as disclosed in the ownership table.

Was the WKHS director’s Form 4 transaction a market purchase?

No. The transaction for Raymond Joseph Chess was a grant of RSUs, not a market purchase. It was reported with transaction code “A” for a grant or award, and the transaction price per share was disclosed as $0.0000, indicating a compensation award.

What does each RSU granted to the WKHS director represent?

Each RSU granted to Raymond Joseph Chess represents a contingent right to receive one share of Workhorse Group common stock. This means the shares will be delivered only upon vesting, following the schedule defined for the 25,000 unvested and 5,484 vested units.

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

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Accepted by SEC EDGAR 07/20/2026 - 05:58 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^*

Chess Raymond Joseph

(Last) (First) (Middle)

C/O WORKHORSE GROUP INC.

48443 ALPHA DRIVE, #190

(Street)

WIXOM MICHIGAN 48393

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/17/2026

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	07/17/2026		A		30,484(1)	A	$0	30,699	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. Of the RSUs reported, 25,000 will vest in one installment on the earlier of June 29, 2027 and the date of the Issuer's 2027 annual stockholder's meeting. The remaining 5,484 RSUs fully vested as of the date of grant.

Remarks:

	/s/ Raymond J. Chess	07/20/2026
	** 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)