Company: WKSP
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022113
Chunk: 78

Company: Worksport Ltd
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 78
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7.042, and all other criteria were unchanged. As a result
of the modification in exercise prices, the Company recognized additional expense of $93,140 on the date of modification.

During
the year ended December 31, 2024, the Company issued 84,860 stock options to 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.

    18

Schedule
of Stock Options Activity

    September 30, 2025  
    December 31, 2024 

    Number of stock options  
    Weighted average price  
    Number of stock options  
    Weighted average price 
  
    Balance, beginning of period 
     579,936  
    $7.14  
     506,386  
    $19.62 
  
    Granted 
     596,040  
    $3.68  
     84,860  
    $7.70 
  
    Forfeited 
     (960) 
    $7.04 
     (11,310) 
    $29.30
  
    Balance, end of period 
     1,175,016  
    $5.38  
     579,936  
    $7.14 

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  September 30, 2025 
  
    Stock options 
    $3.09 - 55.00  
     1,175,016  
     8.45  
    $5.38  
     279,780 

As
of September 30, 2025 and December 31, 2024, Terravis Energy Inc., a wholly owned subsidiary of the Company, has the following options
outstanding:

Schedule of Stock Options Activity 

    September 30, 2025  
    December 31, 2024 

    Number of stock options  
    Weighted average price  
    Number of stock options  
    Weighted average