Company: WKSP
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000850
Chunk: 596

Company: Worksport Ltd
Filing Date: 2025-03-27
Form: 10-K
Item: Item 9
Chunk 596
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 except to the extent that authority is shared by spouses under applicable
law, and (ii) record and beneficial ownership with respect to their common stock.

    Name and
    Address of Beneficial Owner (1) 
     
    Number
    of Shares of Common Stock Beneficially Owned

    Percentage
    of Common Stock Beneficially Owned (2)

    Directors
    and Executive Officers:

    Steven Rossi —CEO, President,
    and Chairman

    335,088
    (3)

    6.99
    %

    Michael Johnston —CFO

    —

    —

    Lorenzo Rossi —Director

    —

    —

    Craig Loverock —Director

    13,313
    (4)

    .028
    %

    William Caragol —Director

    13,313
    (5)

    .028
    %

    Ned L. Siegel —Director

    13,313
    (6)

    .028
    %

    All officers and directors as a group (6 persons)

    375,027

    7.82
    %

    5%+ Shareholders:

80

*Less
than 1%.

(1)
Unless otherwise indicated, the address for each person is c/o Worksport Ltd., 2500 N America Drive, West Seneca, NY 14224.

(2)
Based on 4,795,521 shares of common stock outstanding as of March 27, 2025.

(3)
Includes 12,500 shares of common stock issuable upon the exercise of vested options at a price of $7.042 per share – 10,000 of
which expire on August 6, 2026 while the remaining 2,500 expire on July 21, 2028. Mr. Rossi also owns 100 shares of Series A Preferred
Stock - entitling him to 51% of the voting power of the corporation. Mr. Rossi also has option grants amounting
to 350,000 of issuable stock upon the completion of milestones; 70,000 of these stock options have vested while the remaining 280,000
stock options are deemed unlikely to vest in the near future. Steven Rossi additionally holds 252,588 shares with our transfer agent
- 3,333 of which he purchased on November 19, 2024.

(4)
Includes (i) 1,500 shares of restricted shares of common stock granted on September