Workhorse Group grants 30,484 RSUs to director

Henricks Alan S. reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Henricks Alan S. reported acquisition or exercise transactions in this Form 4 filing.

Workhorse Group Inc. granted director Alan S. Henricks 30,484 restricted stock units (RSUs), each representing one share of common stock. Of these, 25,000 RSUs vest in one installment on the earlier of June 29, 2027 or the 2027 annual stockholder's meeting, with shares delivered July 17, 2028 or upon an earlier change in control, while 5,484 RSUs vested immediately on the grant date.

Insider Trade Summary

Grant/Award: 30,484 shares

Grant/Award 1 txn

Insider Henricks Alan S.

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 — 30,484 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, and the vested shares will be delivered to the Reporting Person on July 17, 2028 or in connection with any earlier change in control of the Issuer. The remaining 5,484 RSUs fully vested as of the date of grant.

Key Figures

RSUs granted: 30,484 units RSUs vesting 2027: 25,000 units Immediately vested RSUs: 5,484 units +3 more

6 metrics

RSUs granted 30,484 units Restricted stock units granted to director Alan S. Henricks

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

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

Share delivery date July 17, 2028 Delivery date for shares from 25,000 RSUs, absent earlier change in control

Transaction price per share $0.0000 Grant of RSUs with no cash price per share

Holdings after grant 30,484 units Total RSU-based common stock position reported after the transaction

Key Terms

restricted stock units, contingent right, change in control

3 terms

restricted stock units financial

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

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

contingent right financial

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

change in control financial

"delivered to the Reporting Person on July 17, 2028 or in connection with any earlier change in control"

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

FAQ

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

What did Alan S. Henricks receive in this WKHS insider transaction?

Alan S. Henricks received 30,484 restricted stock units (RSUs) from Workhorse Group Inc., each RSU representing a contingent right to receive one share of the company’s common stock, subject to the vesting and delivery schedule described in the award terms.

How many WKHS RSUs for Alan S. Henricks vest later and on what schedule?

25,000 RSUs for Alan S. Henricks will vest in a single installment on the earlier of June 29, 2027 and the date of Workhorse Group’s 2027 annual stockholder's meeting, with the related shares delivered on July 17, 2028 or upon an earlier change in control.

How many WKHS RSUs vested immediately for Alan S. Henricks?

Out of the total award, 5,484 RSUs granted to Alan S. Henricks fully vested as of the grant date. These already-vested units still represent rights to receive common shares, with actual share delivery governed by the terms of the award agreement.

When will Alan S. Henricks receive the WKHS shares from his vested RSUs?

For the 25,000 RSUs vesting in 2027, the underlying shares are scheduled to be delivered on July 17, 2028, or in connection with any earlier change in control of Workhorse Group, as specified in the award terms governing the restricted stock units.

What does each WKHS restricted stock unit (RSU) granted to Alan S. Henricks represent?

Each RSU granted to Alan S. Henricks represents a contingent right to receive one share of Workhorse Group common stock. Actual receipt of shares depends on the RSUs vesting and the specified delivery date or any earlier change in control event.

What is Alan S. Henricks’ total WKHS equity position from this RSU grant?

Following this award, Alan S. Henricks holds 30,484 RSUs, corresponding to rights to receive the same number of Workhorse Group common shares, combining both immediately vested units and those scheduled to vest in 2027 under the grant’s vesting provisions.

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

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Accepted by SEC EDGAR 07/20/2026 - 05:59 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^*

Henricks Alan S.

(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	30,484	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, and the vested shares will be delivered to the Reporting Person on July 17, 2028 or in connection with any earlier change in control of the Issuer. The remaining 5,484 RSUs fully vested as of the date of grant.

Remarks:

	/s/ Alan S. Henricks	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)