Worksport CEO Steven Rossi acquires 79,618 shares via $50K bonus conversion

Worksport Ltd

CEO Steven Rossi converted $50,000 accrued bonus into 79,618 shares at $0.6280 each; second conversion after 88,214 shares in April 2026.
Revenue grew from $1.5M (2023) to $8.5M (2024) to $16.1M (2025); company targeting cash-flow positivity.
CEO states stock trades below book value; conversion demonstrates confidence in long-term strategy and asset value.
Shares issued under Section 4(a)(2) as unregistered sale; no public offering.

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 79,618 shares of common stock to Steven Rossi for $0.6280 per share, for an aggregate purchase price of $50,000.10.

Security: common stock
Shares: 79,618 shares
Purchaser: Steven Rossi
Consideration: $0.6280 per share, for an aggregate purchase price of $50,000.10

Exact text from the filing

On June 5, 2026, Worksport Ltd. (the “Company”) issued 79,618 shares of its common stock, par value $0.001 per share (the “Common Stock”), to its Chief Executive Officer, Steven Rossi, at a purchase price of $0.6280 per share, which represented the closing price of the Common Stock on the Nasdaq Capital Market on June 5, 2026, for an aggregate purchase price of $50,000.10.

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Source: SEC EDGAR

accession 0001493152-26-027867

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