Worksport CFO reports initial share holdings
Worksport Ltd Chief Financial Officer Jennifer Anne Kartychak reported her initial beneficial ownership of company securities.
Rhea-AI Filing Summary
Worksport Ltd Chief Financial Officer Jennifer Anne Kartychak reported her initial beneficial ownership of company securities. She indirectly holds 19,768 shares of common stock through Arend Advisory Group LLC, an entity she owns. She also holds a non-qualified option for 100,000 common shares at an exercise price of $2.21 per share, expiring on January 5, 2036. According to the grant terms, 75,000 underlying shares vest in three equal annual installments, while 25,000 vest upon specified Board and cash flow breakeven milestones, in each case contingent on her continued employment.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kartychak Jennifer Anne
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Option (right to buy) | -- | -- | -- |
| holding | Common Stock, par value $0.001 per share | -- | -- | -- |
Holdings After Transaction:
Option (right to buy) — 100,000 contracts (Direct);
Common Stock, par value $0.001 per share — 19,768 shares (Indirect, By LLC)
Footnotes (2)
- F1. Shares held by Arend Advisory Group LLC, an entity owned by the Reporting Person.
- F2. Non-qualified stock option granted to the Reporting Person on January 5, 2026 under the Worksport Ltd. 2022 Equity Incentive Plan pursuant to the Reporting Person's Executive Employment Agreement, dated January 1, 2026. Of the 100,000 shares underlying the option, (i) 75,000 shares vest in three equal annual installments of 25,000 shares each on the first, second and third anniversaries of the grant date, and (ii) 25,000 shares become exercisable in two installments of 12,500 shares each upon (A) Board approval of a three-year financial roadmap and (B) achievement of cash flow breakeven, in each case subject to the Reporting Person's continued employment.
Key Figures
Indirect common shares: 19,768 shares
Option underlying shares: 100,000 shares
Option exercise price: $2.21 per share
+3 more
6 metrics
Indirect common shares
19,768 shares
Indirectly held through Arend Advisory Group LLC
Option underlying shares
100,000 shares
Non-qualified stock option held by CFO
Option exercise price
$2.21 per share
Exercise price for non-qualified stock option
Option expiration
January 5, 2036
Expiration date of stock option
Time-based vesting portion
75,000 shares
Vest in three annual installments of 25,000
Performance-based portion
25,000 shares
Vest upon roadmap approval and cash flow breakeven
Key Terms
Non-qualified stock option, 2022 Equity Incentive Plan, cash flow breakeven, beneficial ownership
4 terms
Non-qualified stock option financial
"Non-qualified stock option granted to the Reporting Person on January 5, 2026"
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
2022 Equity Incentive Plan financial
"under the Worksport Ltd. 2022 Equity Incentive Plan pursuant to the Reporting Person's Executive Employment Agreement"
cash flow breakeven financial
"25,000 shares become exercisable in two installments ... upon ... achievement of cash flow breakeven"
The point at which a company’s incoming cash from operations equals its outgoing cash for running the business, so the company is neither drawing down nor adding to its cash reserves; it focuses on actual cash movements rather than accounting profits. Investors care because it shows when a business can sustain itself from its own cash flow—like a household whose paychecks cover its bills—indicating shorter cash runway and lower dependence on outside funding.
beneficial ownership financial
"Shares held by Arend Advisory Group LLC, an entity owned by the Reporting Person."
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
What did Worksport (WKSP) CFO Jennifer Anne Kartychak report on this Form 3?
She reported her initial beneficial ownership in Worksport securities, including indirect common stock holdings through an LLC and a non-qualified stock option for 100,000 common shares with performance and time-based vesting conditions tied to her employment.
What are the key terms of the CFO’s 100,000 Worksport (WKSP) stock options?
She holds a non-qualified option over 100,000 common shares at an exercise price of $2.21 per share, expiring on January 5, 2036, granted under the 2022 Equity Incentive Plan and her Executive Employment Agreement.
How do the Worksport (WKSP) CFO’s stock options vest?
Of the 100,000 underlying shares, 75,000 vest in three equal annual installments of 25,000 shares. The remaining 25,000 vest in two 12,500-share tranches upon Board approval of a three-year roadmap and achievement of cash flow breakeven.
Does this Worksport (WKSP) Form 3 show any insider buying or selling?
No buy or sell transactions are reported. The Form 3 serves as an initial statement of beneficial ownership, listing existing indirect common stock holdings and the previously granted non-qualified stock option position held by the company’s Chief Financial Officer.
AI-generated analysis. How Rhea-AI works. Not financial advice.
