Company: WKSP
Filing Date: 2025-03-28
Form Type: S-1
Source: 0001641172-25-001309
Chunk: 33

Company: Worksport Ltd
Filing Date: 2025-03-28
Form: S-1
Chunk 33
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port Ltd. 2021 Equity Incentive Plan with a weighted exercise of $4.64 per share, of which a total of 16,750 have vested;               |
| ● | 97,226 shares of our Common Stock issuable pursuant to options granted pursuant to the Worksport Ltd. 2022 Equity Incentive Plan with a weighted exercise of $2.16 per share, of which a total of 22,313 option shares have vested; |
| ● | 30,000 shares of common stock underlying PSUs, granted pursuant to the Worksport Ltd. 2022 Equity Incentive Plan, of which 7,500 PSUs have vested;                                                                                  |
| ● | 43,210 shares of Common Stock underlying RSUs, of which 25,575 will vest between July 20, 2024 & August 31, 2026;                                                                                                                   |

| ● | 350,000 of our Common Stock issuable pursuant to options granted with a weighted exercise of $1.77 per share, of which a total of 40,000 option shares have vested;           |
| ● | 60,000 shares of our Common Stock issuable upon the exercise of warrants issued with an exercise price of $4.00;                                                              |
| ● | 6,250 shares of our Common Stock issuable upon the exercise of warrants issued with an exercise price of $2.40, expiring on March 20, 2025;                                   |
| ● | 344,652 shares of common stock issuable upon the exercise of warrants issued with an exercise price of $6.05 per share, expiring August 6, 2024;                              |
| ● | 13,091 shares of common stock issuable upon the exercise of warrants issued with an exercise price of $6.05 per share, expiring August 3, 2024;                               |
| ● | 416,000 shares of common stock underlying warrants that have been exercised of which shares have not been issued yet; and                                                     |
| ● | 770,027 shares of our Common Stock issuable upon the exercise of warrants issued in a registered direct offering on March 20, 2024 with an exercise price of $0.74 per share. |

| 16 |

<div align='center'>RISK FACTORS</div>

Investing in our Common Stock involves a high degree of risk. You should carefully consider the risksdescribed in Part I, Item 1A,