05/01/2026 | Press release | Distributed by Public on 05/01/2026 15:15
|
FORM 3
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
|
||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | SEC 1473 (7-02) | ||
| 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 control number. | |||
|
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security |
5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
||
| Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
| Option (right to buy) | (2) | 01/05/2036 | Common Stock | 100,000 | $2.21 | D | |
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
|
Kartychak Jennifer Anne 2500 N AMERICA DR. WEST SENECA, NY 14224 |
Chief Financial Officer | |||
| /s/ Jennifer A. Kartychak | 05/01/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 5(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). |
| (1) | Shares held by Arend Advisory Group LLC, an entity owned by the Reporting Person. |
| (2) | Non-qualified stock option granted to the Reporting Person on January 5, 2026 under the Worksport Ltd. 2022 Equity Incentive Plan pursuant to the Reporting Person's Executive Employment Agreement, dated January 1, 2026. Of the 100,000 shares underlying the option, (i) 75,000 shares vest in three equal annual installments of 25,000 shares each on the first, second and third anniversaries of the grant date, and (ii) 25,000 shares become exercisable in two installments of 12,500 shares each upon (A) Board approval of a three-year financial roadmap and (B) achievement of cash flow breakeven, in each case subject to the Reporting Person's continued employment. |