07/15/2025 | Press release | Distributed by Public on 07/15/2025 18:31
FORM 4
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN 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. | |||
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. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: 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 | ||||||||
Option (Right to buy)(1) | $3.8 | 07/12/2025 | A | 10,000 | (1) | 07/12/2035 | Common Stock | 10,000 | $ 0 (1) | 50,000(2) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Rossi Lorenzo 2500 N AMERICA DR. WEST SENECA, NY 14224 |
X |
/s/ Lorenzo Rossi | 07/15/2025 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Effective July 12, 2025, the Board of Directors ("Board") of Worksport Ltd. (the "Company"), at the recommendation of the Compensation Committee of the Board, approved a non-plan stock option grant to Mr. Rossi in the amount of 10,000 stock options to purchase shares of the Company's common stock. The 10,000 stock options are subject to vesting in two (2) equal annual installments with the first installment vesting on July 12, 2026. |
(2) | The beneficial ownership set forth in Column 5 includes the 10,000 stock options contained in the grant described above and includes 30,000 non-qualified stock option grants and 10,000 stock options previously issued to Mr. Rossi, even though they are not all expected to settle or vest within 60 days of this Form 4. |