Welcome to our dedicated page for Worksport SEC filings (Ticker: WKSP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Worksport Ltd. filings document the company's public-company disclosures as a Nevada corporation with common stock listed on Nasdaq. Recent reports include Regulation FD 8-Ks that furnish press releases on earnings communications, product launches, distribution relationships, certification milestones, revenue guidance, and commercialization of tonneau cover and portable energy products.
The filing record also covers governance and capital-structure matters, including a chief financial officer transition, principal financial and accounting officer designations, and an unregistered issuance of common stock for accrued executive compensation. Annual-report references tie the disclosure record to operating results, margin commentary, manufacturing efficiency, dealer-network expansion, online sales, B2B channels, and risk and compliance reporting for Worksport's automotive accessory and clean-energy product lines.
Worksport Ltd. is soliciting shareholder votes for its 2026 annual meeting on September 3, 2026 at its West Seneca, NY headquarters. Holders of common stock and Series A Preferred Stock at the July 7, 2026 record date will vote on electing five directors, ratifying Lumsden & McCormick, LLP as auditor, an advisory proposal supporting consideration of special dividends when business units or material assets are sold, broad authority for the Board to implement one or more reverse stock splits between 1-for-2 and 1-for-250 or forward stock splits within two years, and a possible adjournment to solicit more proxies. The Board recommends voting FOR all proposals.
As of the record date there were 15,282,595 common shares and 100 Series A Preferred shares outstanding; the Series A class carries 51% of the company’s total voting power and is wholly owned by CEO Steven Rossi, who has indicated he intends to vote these shares in favor of the split authorization. Most proposals are non-routine, so uninstructed broker-held shares will generally be broker non-votes, which have differing effects by proposal.
The proxy includes detailed governance and compensation disclosures. Net sales were $1,529,632 in 2023, $8,484,379 in 2024 and $16,101,738 in 2025, with the company citing additional product offerings and expanded tonneau cover production as drivers of 2025 growth and reporting year-over-year sales increases of about 4,547% in 2024 and 90% in 2025. Over the same period, a $100 investment based on Total Shareholder Return declined to $24.33 in 2025, reflecting a share price move from $9.00 at the beginning of 2025 to $2.19 at year end. CEO Steven Rossi’s total reported compensation was $5,531,992 in 2023, $508,746 in 2024 and $1,297,465 in 2025, with “compensation actually paid” under SEC rules of $374,470, $348,246 and $452,715, respectively. The company states that his salary decreased by 13.0% between 2024 and 2025 and believes his 2024 and 2025 pay was below current industry standards. Extensive stock option grants, three equity incentive plans (with the 2022 Plan’s evergreen reserve increased to 18% of shares outstanding) and a newly adopted clawback policy are also described.
Worksport Ltd. is calling a 2026 annual shareholder meeting on September 3, 2026 in West Seneca, New York. Shareholders as of July 7, 2026 will vote on electing five directors, ratifying Lumsden & McCormick, LLP as auditor, an advisory proposal supporting potential special dividends tied to future asset or business sales, a wide authorization for the Board to implement one or more reverse stock splits between 1‑for‑2 and 1‑for‑250 or forward splits within two years, and a possible adjournment to solicit more proxies.
Voting power is concentrated through 100 shares of Series A Preferred Stock representing 51% of the company’s voting power, all beneficially owned by CEO Steven Rossi. Net sales were 16,101,738 in 2025, 8,484,379 in 2024 and 1,529,632 in 2023, while a fixed $100 investment in Worksport’s stock declined in value from 149.75 in 2023 to 60.40 in 2024 and 24.33 in 2025.
The proxy details Rossi’s compensation structure under a consulting agreement with a 300,000 annual base fee, 50% bonus opportunity and significant option grants, along with expansive equity incentive plans including a 2022 plan with an evergreen share reserve set at 18% of year‑end common shares outstanding.
Kartychak Jennifer Anne reported acquisition or exercise transactions in this Form 4 filing.
Worksport Ltd Chief Financial Officer Jennifer Anne Kartychak reported an indirect grant of 6,104 shares of common stock on April 20, 2026 at $1.15 per share. The shares are held by Arend Advisory Group LLC, an entity over which she has voting and dispositive control, bringing her reported indirect holdings to 25,872 shares. The Form 4 notes the report was filed late due to an administrative oversight regarding this award.
Worksport Ltd. announced that its stock closed above $1.00 on June 24, 2026, which it believes restores full compliance with Nasdaq’s minimum bid price requirement after a 75% rise over five trading days. The company is using this milestone to highlight recent operational progress and outline next steps.
Management reports a preliminary 35% gross margin for May, described as a new record, and points to a $36M+ annualized revenue opportunity supported by a new partnership with Meyer Distributing and growing demand for its NEXUS tonneau cover. Worksport plans an investor town hall on June 30, 2026, where CEO Steven Rossi will discuss revenue trajectory, margin expansion, distributor onboarding, clean-energy products such as SOLIS and COR, and the goal of achieving initial operational cash-flow positivity within 2026.
Worksport Ltd. completed two registered direct offerings with a single institutional investor, issuing 208,333 common shares at $1.20 per unit (each with one warrant) for gross proceeds of $250,000 and 675,529 common shares at $0.70 per share for approximately $472,870 in gross proceeds.
The first deal included warrants to purchase up to 208,333 shares at $1.50 per share, or up to 291,667 shares via cashless exercise, subject to a 4.99% (or 9.99% upon election) ownership cap. Placement fees were 7% on the first offering and 5% on the second.
The press release highlights Q1 2026 net sales of $3.3 million, up 47.9% year over year, gross profit of about $854,000, up 115.5%, and a 26% gross margin. Worksport reiterates a 2026 goal of initial operational cash-flow positivity, targeting $9 million in quarterly revenue with 35% gross margins.
Worksport Ltd. reported a sharp improvement in profitability metrics and outlined a larger sales pipeline. The company achieved approximately 35% gross margin in May 2026, up from 28.4% in Q1 2026 and about 11% in December 2024, based on preliminary unaudited internal results.
Management highlighted a new national distribution relationship with Meyer Distributing, alongside existing partners such as Tri-State Enterprises and Patriot Auto, to expand B2B reach. B2C sales are tracking near $1 million per month and B2B near $0.7 million per month, supporting a targeted $36 million+ 12‑month revenue opportunity. At roughly 35% gross margin, management estimates Worksport would need about $9 million in quarterly revenue to reach operational cash-flow positivity, which it continues to target within 2026.
Worksport Ltd. is offering 675,529 shares of Common Stock at $0.70 per share. The prospectus supplement states the offering price is $0.70 and the Placement Agent will receive a 5.0% cash fee. Net proceeds are estimated at $449,226, to be used for working capital and general corporate purposes.
The filing lists 14,037,000 shares outstanding before the offering and 14,712,529 shares outstanding after the offering, and notes certain outstanding instruments including options, warrants, RSUs and convertible preferred that are issuable on conversion or exercise.
Worksport Ltd. is offering 208,333 shares of Common Stock together with Common Warrants. The units are being sold at $1.20 per unit, producing aggregate gross proceeds of $250,000 and estimated net proceeds to the company of approximately $232,500. Each Common Warrant has an exercise price of $1.50, is immediately exercisable and expires five years after issuance; the warrants may be exercised on a cashless basis at a fixed Cashless Exercise Ratio of 1.4, permitting up to 291,667 shares on cashless exercise. This prospectus supplement states there were 13,537,000 shares of Common Stock outstanding as of June 17, 2026, and the offering is being conducted through D. Boral Capital as placement agent.
Worksport Ltd Chairman, CEO and President Steven F. Rossi reported receiving 79,618 shares of common stock valued at $0.628 per share on June 5, 2026. The shares were issued in satisfaction of previously accrued and unpaid bonus compensation, giving them an aggregate reported value of $50,000.10.
After this compensation-related share issuance, Rossi directly holds 2,693,703 Worksport common shares. The filing reflects a non‑cash bonus paid in stock rather than an open‑market purchase, representing a relatively small addition compared with his existing holdings.
Worksport Ltd. disclosed that on June 5, 2026 it issued 79,618 shares of common stock to its Chief Executive Officer, Steven Rossi, at $0.6280 per share, for an aggregate value of $50,000.10, in lieu of previously accrued cash bonus compensation. The transaction, completed under a Stock Purchase Agreement and approved by the Board, relied on a private-offering exemption under Section 4(a)(2) of the Securities Act. A June 9, 2026 press release highlighted that this is Rossi’s second such election and noted revenue growth from approximately $1.5 million in 2023 to $8.5 million in 2024 and $16.1 million in 2025, alongside initiatives aimed at achieving operational cash-flow positivity.