Company: WKSP
Filing Date: 2025-10-31
Form Type: DEF 14A
Source: 0001493152-25-020401
Chunk: 21

Company: Worksport Ltd
Filing Date: 2025-10-31
Form: DEF 14A
Chunk 21
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1, “Communications with Audit Committees” issued by the Public Company Accounting Oversight Board, as in effect on the date of this Proxy Statement.

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Lumsden & McCormick, LLP provided to the Audit Committee the written disclosures and the letter required by the applicable requirements of the Public Company Accounting Oversight Board regarding the independent accountant’s communication with the Audit Committee concerning independence, and the Audit Committee discussed with Lumsden & McCormick, LLP the latter’s independence, including whether its provision of non-audit services compromised such independence.

Based on the reviews and discussions described above, the Audit Committee recommended to the Board that the audited consolidated financial statements be included in our Annual Report on Form 10-K for the year ended December 31, 2024, for filing with the SEC.

Submitted by the Members of the Audit Committee,

Craig Loverock (Chairperson)

William Caragol

Ned L. Siegel

<div align='center'>EXECUTIVE COMPENSATION</div>

The following summary compensation table sets forth all compensation awarded to, earned by, or paid to the named executive officer during the years ended December 31, 2024 and 2023 in all capacities for the account of our principal executive officer.

<div align='center'>Summary Compensation Table</div>

| Name and Position                                
 Steven Rossi, Chief Executive Officer, President |     | Fiscal Year  
 Ended        
 December 31, | 2024 |     | Salary 
 ($)    | 348,246 | (1)(2) |     | Stock  
 Awards 
 ($)    | - |     | Stock Options 
 ($)           |    40,300 | (4) |     | Total ($) |   388,546 |
|:-------------------------------------------------|:----|:-------------|-----:|:----|:-------|--------:|-------:|:----|:-------|:--|:----|:--------------|----------:|----:|:----|:----------|----------:|
|                                                  |     |              | 2023 |     |        | 374,470 |     -3 |     |        | - |     |               | 5,811,950 |  -5 |     |           | 6,186,420 |
| Michael Johnston, Chief Financial Officer        |     |              | 2024 |     |        |  70,000 |     -6 |     |        | - |     |               |         - |     |     |