Worksport (WKSP) director Ned Siegel awarded 25,002 stock options at $1.66

Rhea-AI Filing Summary

Worksport Ltd director Ned L. Siegel received a new stock option grant. On 02/09/2026, he was awarded 25,002 stock options with an exercise price of $1.66 per share, granted under Worksport’s 2022 Equity Incentive Plan.

The options vest in three equal annual installments of 8,334 options, beginning on the first anniversary of the grant date, and will expire according to the plan and award agreement terms. Following this award, Siegel directly holds 61,752 derivative securities in the form of stock options.

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

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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^*

SIEGEL NED L

(Last) (First) (Middle)

2500 N AMERICA DR.

(Street)

WEST SENECA NY 14224

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Worksport Ltd [ WKSP ]

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)
02/09/2026

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
Stock Options (Right to Buy)(1)	$1.66	02/09/2026		A		25,002		(1)	(1)	Common Stock	25,002	$1.66(1)	61,752	D

Explanation of Responses:

1. Granted pursuant to the Issuer's 2022 Equity Incentive Plan, the options vest in three (3) equal annual installments of 8,334 options beginning on the first anniversary of the grant date and expire in accordance with the terms of the 2022 Equity Incentive Plan and the applicable award agreement.

	/s/ Ned L. Siegel	02/09/2026
	** 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.

FAQ

What did Worksport (WKSP) director Ned L. Siegel report on this Form 4?

He reported receiving 25,002 stock options to buy Worksport common stock at $1.66 per share. The grant was made under the 2022 Equity Incentive Plan and is structured to vest over time, increasing his potential future equity stake if exercised.

What are the key terms of Ned L. Siegel’s new Worksport (WKSP) stock options?

The options cover 25,002 shares of Worksport common stock at an exercise price of $1.66 per share. They were granted on February 9, 2026, under the 2022 Equity Incentive Plan and are subject to multi-year vesting and expiration provisions in the plan and award agreement.

How do the Worksport (WKSP) options granted to Ned L. Siegel vest over time?

They vest in three equal annual installments of 8,334 options starting on the first anniversary of the February 9, 2026 grant date. This means his right to exercise the full 25,002 options is spread over three years, contingent on continued service and plan terms.

How many Worksport (WKSP) derivative securities does Ned L. Siegel own after this grant?

After the reported transaction, he directly beneficially owns 61,752 derivative securities in the form of stock options. This total includes the newly granted 25,002 options and reflects his aggregate option-based exposure to Worksport common stock as of the transaction date.

Under what plan were Ned L. Siegel’s Worksport (WKSP) options granted?

The options were granted under Worksport’s 2022 Equity Incentive Plan. This plan governs the vesting schedule, exercise mechanics, and expiration rules, as well as the terms set out in the specific award agreement tied to this 25,002-option grant.

Is this Worksport (WKSP) Form 4 transaction a purchase or an award of options?

It is an award of derivative securities coded as an acquisition of stock options. The Form 4 shows an "A" transaction code for 25,002 stock options, indicating a grant rather than an open-market purchase of existing Worksport common shares.