Company: WKSP
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000850
Chunk: 207

Company: Worksport Ltd
Filing Date: 2025-03-27
Form: 10-K
Item: Item 1
Chunk 207
---
 he or she possesses sole or shared voting or investment power of that security
and includes options, warrants and other securities convertible or exercisable into shares of common stock, provided that such securities
are currently exercisable or convertible within 60 days of March March 27, 2025. Each director or officer, as the case may be, has furnished us
with information with respect to their beneficial ownership. Except as otherwise indicated, all persons listed below have (i) sole voting
power and investment power with respect to their common stock, 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