Worksport director granted 25,002 stock options
Worksport Ltd director Ned L. Siegel received a new stock option grant.
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 25,002 shares
Grant/Award
1 txn
Insider
SIEGEL NED L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 25,002 | $1.66 | $42K |
Holdings After Transaction:
Stock Options (Right to Buy) — 61,752 contracts (Direct)
Footnotes (1)
- F1. 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.