0001493152-23-015345.txt : 20230503 0001493152-23-015345.hdr.sgml : 20230503 20230503212346 ACCESSION NUMBER: 0001493152-23-015345 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230501 FILED AS OF DATE: 20230503 DATE AS OF CHANGE: 20230503 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Rossi Steven F. CENTRAL INDEX KEY: 0001626032 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-40681 FILM NUMBER: 23886100 MAIL ADDRESS: STREET 1: 1895 CLEMENTS ROAD CITY: PICKERING STATE: A6 ZIP: M1P 4Y9 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Worksport Ltd CENTRAL INDEX KEY: 0001096275 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 650782227 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 7299 E. DANBRO CRES CITY: MISSISSAUGA STATE: A6 ZIP: L5N 6P8 BUSINESS PHONE: 1-888-554-8789 MAIL ADDRESS: STREET 1: 7299 E. DANBRO CRES CITY: MISSISSAUGA STATE: A6 ZIP: L5N 6P8 FORMER COMPANY: FORMER CONFORMED NAME: Worksport, Ltd DATE OF NAME CHANGE: 20200702 FORMER COMPANY: FORMER CONFORMED NAME: Franchise Holdings International, Inc. DATE OF NAME CHANGE: 20090512 FORMER COMPANY: FORMER CONFORMED NAME: TMANGLOBAL COM INC DATE OF NAME CHANGE: 19991005 4 1 ownership.xml X0407 4 2023-05-01 0 0001096275 Worksport Ltd WKSP 0001626032 Rossi Steven F. 7299 E DANBRO CRESCENT MISSISSAUGA A6 L5N 6P8 ONTARIO, CANADA 1 1 1 0 CEO, President and Secretary 0 Performance Stock Unit ("PSU") 2023-05-01 4 J 0 400000 0 D Common Stock 400000 0 D Restricted Stock Unit ("RSU") 2023-05-01 4 J 0 1600000 0 D Common Stock 1600000 0 D Non-Qualified Stock Option (Right to Buy) ("'NSO") 1.74 2023-05-01 4 A 0 2000000 0 A 2033-05-01 Common Stock 2000000 2000000 D Each PSU represented the right to receive, upon vesting, one share of common stock of WKSP. On November 11, 2022, 400,000 PSUs granted to Steven Rossi on December 29, 2021 were modified. The PSUs were to vest in 5% increments according to a schedule that correlates with the stock price of WKSP. The first 5% of the PSUs were to vest upon the stock price of WKSP closing at $2.25. 50% were to have vested at a closing price of $5.31 and 100% were to have vested at a closing price of $13.76. The PSUs were cancelled on May 1, 2023. As of the date of cancellation of the PSUs, none of the PSUs had vested. Each RSU represented the right to receive, upon vesting, one share of common stock of WKSP. On November 11, 2022, WKSP granted Steven Rossi 1,600,000 RSUs that were to vest in equal installments of 200,000 pursuant to the completion of eight milestones. The RSUs were cancelled on May 1, 2023. As of the date of cancellation of the RSUs, none of the RSUs had vested. On May 1, 2023, WKSP granted Steven Rossi 2,000,000 NSOs. The NSOs vest in 10% (200,000 shares) increments upon the achievement of milestones. Vesting is based upon the achievement of certain values regarding either WKSP's market capitalization or the share price of WKSP using the volume weighted average price of the common stock of WKSP for ten (10) consecutive trading days. /s/ Steven Rossi 2023-05-03