Worksport CEO buys $75,000 stock; reaffirms $35-42M 2026 revenue and margin targets

Worksport Ltd

CEO Steven Rossi acquired 88,214 shares at $0.8502 (aggregate $75,000) in lieu of cash bonus.
Revenue grew from $1.5M (2023) to $16.1M (2025); 2026 guidance of $35-42M.
Gross margin expanded from ~11% (Q4 2024) to ~30% (Q4 2025); target of ~35% in 2026.
Company expects operational cash-flow positivity at $9-11M quarterly revenue, targeting H2 2026.
Dealer network grew from under 100 to over 550 locations across North America.

item 3.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Worksport Ltd issued 88,214 shares of common stock to Steven Rossi for $0.8502 per share.

Security: common stock
Shares: 88,214 shares
Purchaser: Steven Rossi
Consideration: $0.8502 per share

Exact text from the filing

On April 13, 2026, Worksport Ltd. (the “Company”) issued to its Chief Executive Officer, Steven Rossi, 88,214 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), at a deemed price of $0.8502 per share, representing the closing price of the Company’s Common Stock on the Nasdaq Capital Market on April 10, 2026, for an aggregate value of $75,000.

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Source: SEC EDGAR

accession 0001493152-26-016482

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