Worksport (WKSP) CEO Steven Rossi awarded 240,000 stock options at $1.66
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Worksport Ltd. reported that Chief Executive Officer and director Steven F. Rossi received a grant of 240,000 stock options on February 9, 2026. The options have an exercise price of $1.66 per share and were issued under the company’s 2022 Equity Incentive Plan.
The options vest in three equal annual installments of 80,000 options, starting on the first anniversary of the grant date. Following this grant, Rossi beneficially owns 850,000 stock options directly, aligning his compensation further with the company’s long-term performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Rossi Steven F.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to buy) | 240,000 | $1.66 | $398K |
Holdings After Transaction:
Stock Options (Right to buy) — 850,000 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What did Worksport (WKSP) disclose about CEO Steven Rossi’s new equity grant?
Worksport disclosed that CEO Steven Rossi received 240,000 stock options on February 9, 2026 at an exercise price of $1.66 per share, granted under the company’s 2022 Equity Incentive Plan as part of his equity-based compensation.
How do Steven Rossi’s new Worksport (WKSP) stock options vest?
The new Worksport stock options granted to Steven Rossi vest in three equal annual installments of 80,000 options each. Vesting begins on the first anniversary of the February 9, 2026 grant date and follows the terms of the 2022 Equity Incentive Plan and award agreement.
What is the exercise price and structure of the new Worksport (WKSP) options?
The granted stock options have an exercise price of $1.66 per share. They are standard stock options (right to buy) issued under Worksport’s 2022 Equity Incentive Plan, with time-based vesting over three years starting one year after the grant date.
How many Worksport (WKSP) options does Steven Rossi hold after this transaction?
After the February 9, 2026 grant, Steven Rossi beneficially owns 850,000 stock options in Worksport. These options are reported as held directly, reflecting cumulative derivative holdings following the newly awarded 240,000 options under the 2022 Equity Incentive Plan.
Is the February 9, 2026 Worksport (WKSP) Form 4 a purchase or an award?
The Form 4 reflects an award of stock options, coded as an acquisition (“A”) of 240,000 derivative securities. These options were granted to CEO Steven Rossi under the 2022 Equity Incentive Plan rather than bought on the open market.