Company: WKSP
Filing Date: 2025-03-27
Form Type: 10-K
Source: 0001641172-25-000850
Chunk: 37

Company: Worksport Ltd
Filing Date: 2025-03-27
Form: 10-K
Item: Item 8
Chunk 37
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 employees and directors with exercise prices ranging from
$5.20 to $14.10 and expiration dates ranging from February 1, 2029 to November 19, 2034. Of these stock options, 2,040 were subsequently
cancelled.

During
the year ended December 31, 2023, the Company issued 474,336 stock options to employees, directors, and consultants with exercise prices
ranging from $14.40 to $42.00 and expiration dates ranging from January 30, 2028 to October 31, 2033. Of these stock options, 15,720 were
subsequently cancelled.  

    63

Worksport
Ltd.

Notes
to the Consolidated Financial Statements

December
31, 2024 and 2023

16.
Equity Compensation (continued)

 Schedule of Stock Options Activity

    December
    31, 2024  
    December
    31, 2023 

    Number
    of
    stock options  
    Weighted
    average price  
    Number
    of
    stock options  
    Weighted
    average price 
  
    Balance,
    beginning of period 
     506,386  
    $19.62  
     78,500  
    $47.41 
  
    Granted 
     84,860  
    $7.70  
     474,336  
    $18.01 
  
    Forfeited 
     (11,310) 
    $(29.30) 
     (46,450) 
    $(50.15)
  
    Balance,
    end of period 
     579,936  
    $7.14  
     506,386  
    $19.62 

 Schedule
of Share Based Payment Arrangement, Option, Exercise Price Range

    Range
    of
    Exercise prices  
    Outstanding  
    Weighted
    average 
    life (years)  
    Weighted
    average
    exercise price  
    Exercisable
    on
    December 31,
    2024 
  
    Stock
    options 
    $5.70-55.00
                                              
     579,936  
     7.87  
    $7.14  
     192,784 

As
of December 31