Worksport (WKSP) CEO granted $50K in common stock bonus
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 79,618 shares ($50,000)
Net Buy
1 txn
Insider
Rossi Steven F.
Role
Chairman, CEO and President
Bought
79,618 shs ($50K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 79,618 | $0.628 | $50K |
Holdings After Transaction:
Common Stock — 2,693,703 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Compensation shares issued: 79,618 shares
Per-share valuation: $0.628 per share
Aggregate bonus value: $50,000.10
+1 more
4 metrics
Compensation shares issued
79,618 shares
Stock bonus satisfaction on June 5, 2026
Per-share valuation
$0.628 per share
Closing price of common stock on June 5, 2026
Aggregate bonus value
$50,000.10
Value of 79,618 shares used to satisfy bonus
Post-transaction holdings
2,693,703 shares
Rossi’s direct Worksport common stock after transaction
Key Terms
accrued and unpaid bonus compensation, aggregate value, closing price
3 terms
accrued and unpaid bonus compensation financial
"were issued in satisfaction of previously accrued and unpaid bonus compensation"
aggregate value financial
"for an aggregate value of $50,000.10"
closing price financial
"valued at $0.6280 per share, the closing price of the issuer's common stock"
FAQ
What insider transaction did Worksport (WKSP) report on this Form 4?
Worksport reported that CEO Steven F. Rossi received 79,618 common shares as bonus compensation. The shares were valued at $0.628 each, for a total reported value of $50,000.10, and increased his direct holdings to 2,693,703 shares.
Was the Worksport (WKSP) CEO’s Form 4 transaction an open-market stock purchase?
The transaction was recorded under a purchase code but described as stock compensation. A footnote explains the 79,618 shares were issued to satisfy accrued and unpaid bonus compensation, using $0.628, the June 5, 2026 closing price, as the valuation reference.
What was the total reported value of the Worksport (WKSP) CEO’s stock bonus?
The stock bonus was reported at an aggregate value of $50,000.10. This figure comes from valuing 79,618 common shares at $0.628, equal to the closing price of Worksport’s common stock on June 5, 2026, the transaction date.