secwatch.observer — SEC 8-K summary
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Issuer:     Worksport Ltd (WKSP)
CIK:        0001096275
Form:       8-K
Filed at:   2026-04-14T23:59:59+00:00
Accession:  0001493152-26-016482
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1096275/000149315226016482/0001493152-26-016482-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1096275/000149315226016482/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-016482

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer