Worksport (WKSP) director granted 15,000 options at $1.66 exercise price
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Worksport Ltd director receives stock options grant. Director Lorenzo Rossi was granted an option to buy 15,000 shares of Worksport Ltd common stock at an exercise price of $1.66 per share on 02/09/2026.
The grant was made under Worksport’s 2022 Equity Incentive Plan and vests in three equal annual installments of 5,000 options beginning on the first anniversary of the grant date. After this grant, Rossi beneficially owns 65,000 derivative securities in the form of stock options.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rossi Lorenzo
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Option (Right to buy) | 15,000 | $1.66 | $25K |
Holdings After Transaction:
Option (Right to buy) — 65,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Worksport Ltd (WKSP) report for Lorenzo Rossi?
Worksport reported that director Lorenzo Rossi received a grant of options to buy 15,000 shares of common stock. The options were awarded under the 2022 Equity Incentive Plan as part of his equity-based compensation package approved on February 9, 2026.
What is the exercise price of Lorenzo Rossi’s new Worksport (WKSP) stock options?
The newly granted options to director Lorenzo Rossi have an exercise price of $1.66 per share. This means he may purchase Worksport common stock at $1.66, subject to vesting conditions and the terms of the 2022 Equity Incentive Plan and award agreement.
How do Lorenzo Rossi’s Worksport (WKSP) options vest under this Form 4?
The options granted to Lorenzo Rossi vest in three equal annual installments. He receives 5,000 options on each anniversary of the February 9, 2026 grant date, as long as he satisfies the vesting conditions set in the 2022 Equity Incentive Plan and the award agreement.
How many Worksport (WKSP) derivative securities does Lorenzo Rossi own after this grant?
Following this transaction, director Lorenzo Rossi beneficially owns 65,000 derivative securities in Worksport. These are stock options reflecting his right to purchase common shares, reported as directly owned in the Form 4 after the 15,000-option grant.
Is Lorenzo Rossi’s Worksport (WKSP) option grant a purchase or an award?
The Form 4 shows an acquisition of derivative securities coded as “A,” indicating an award, not a market purchase. The 15,000 options were granted to Lorenzo Rossi under the 2022 Equity Incentive Plan as part of his director compensation.