Workhorse grants inducement RSUs to employees

Workhorse Group Inc., a manufacturer of electric trucks and buses, announced on August 4, 2026 that its Human Resource Management and Compensation Committee granted 56,250 restricted stock units (RSUs) to one new non-executive employee under its Inducement Plan, as an inducement to employment, in accordance with Nasdaq Listing Rule 5635(c)(4). This follows a similar grant on July 20, 2026 of 93,750 RSUs to Jody Davis upon his hiring as Chief Financial Officer. Both awards vest over three years in equal annual installments beginning June 1, 2026, subject to continued employment. These inducement grants are routine compensation actions for new hires and are not expected to have a material impact on the company's financials or stock price.