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Workhorse (WKHS) director receives 60,607 RSUs; possible cash settlement noted

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Jean Botti, a director of Workhorse Group Inc. (WKHS), reported receipt of 60,607 restricted stock units (RSUs). The Form 4 discloses a grant dated 08/18/2025 with the RSUs vesting on 02/18/2026 and each RSU representing a contingent right to one share of common stock. The report shows 60,607 shares beneficially owned following the transaction, held directly.

The filing notes that upon vesting the RSUs may be settled in cash at the discretion of the company's Board of Directors. The Form 4 was signed by an attorney-in-fact on behalf of Jean Botti on 08/20/2025 and was filed by one reporting person.

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Insights

TL;DR: Director received 60,607 RSUs vesting Feb 18, 2026; holdings reported as direct and may be cash-settled by the board.

The grant increases the director's potential equity stake by 60,607 shares pending vesting. Because the RSUs are contingent rights to one share each and may be cash-settled, the economic outcome depends on the Board's settlement choice at vesting. Reporting is routine for director compensation and the Form 4 shows a single non-derivative award rather than exercises or open-market trades.

TL;DR: Standard director compensation disclosed as RSUs; settlement discretion noted, and ownership recorded as direct post-grant.

The disclosure is consistent with typical equity-based director compensation practices: a grant date, vesting schedule, and explicit statement about possible cash settlement. The direct ownership classification simplifies beneficial-ownership reporting. No amendments or multiple filers are indicated, and the filing was signed by an attorney-in-fact, which is an acceptable execution method.

Insider Botti Jean
Role Director
Type Security Shares Price Value
Grant/Award Restricted Stock Units 60,607 $0.00 --
Holdings After Transaction: Restricted Stock Units — 60,607 shares (Direct)
Footnotes (1)
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Form 4 Insider Transactions: What Each Field Means →
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*
Botti Jean
(Last) (First) (Middle)
C/O WORKHORSE GROUP INC.
3600 PARK 42 DRIVE, SUITE 160E
(Street)
SHARONVILLE OH 45241
(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
08/18/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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
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
Restricted Stock Units (1) 08/18/2025 A 60,607 02/18/2026(1) 02/18/2026(1) Common Stock, $0.001 par value per share 60,607 $0 60,607 D
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 Workhorse Group Inc. (the "Company"), vesting on February 18, 2026. Upon vesting, the RSUs may be settled in cash at the discretion of the Company's Board of Directors.
Remarks:
/s/ Arthur McMahon, attorney-in-fact for Jean Botti 08/20/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Jean Botti report on the Form 4 for WKHS?

The Form 4 reports a grant of 60,607 restricted stock units (RSUs) to Jean Botti, a director, with a transaction date of 08/18/2025.

When do the RSUs granted to Jean Botti vest?

The RSUs vest on 02/18/2026 according to the Form 4.

How many shares does Jean Botti beneficially own after the reported transaction?

The filing reports 60,607 shares beneficially owned following the transaction, held directly.

Can the RSUs be settled in cash instead of shares?

Yes. The Form 4 explicitly states the RSUs may be settled in cash at the Board's discretion upon vesting.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by Arthur McMahon, attorney-in-fact for Jean Botti and dated 08/20/2025.