# EDGAR Filing Document

**Accession Number:** 0001425287
**File Stem:** 0002097390-25-000004
**Filing Date:** 2025-12
**Character Count:** 16484
**Document Hash:** f9b1a5fc5431291026116683b2ad28b2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002097390-25-000004.hdr.sgml**: 20251216

**ACCESSION NUMBER**: 0002097390-25-000004

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251216

**DATE AS OF CHANGE**: 20251216

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Workhorse Group Inc.
- **CENTRAL INDEX KEY:** 0001425287
- **STANDARD INDUSTRIAL CLASSIFICATION:** MOTOR VEHICLES & PASSENGER CAR BODIES [3711]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 261394771
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-85176
- **FILM NUMBER:** 251576584

**BUSINESS ADDRESS:**
- **STREET 1:** 100 COMMERCE DRIVE
- **CITY:** LOVELAND
- **STATE:** OH
- **ZIP:** 45140
- **BUSINESS PHONE:** 513-360-4704

**MAIL ADDRESS:**
- **STREET 1:** 100 COMMERCE DRIVE
- **CITY:** LOVELAND
- **STATE:** OH
- **ZIP:** 45140

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMP Holding Inc.
- **DATE OF NAME CHANGE:** 20100525

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Title Starts Online, Inc.
- **DATE OF NAME CHANGE:** 20080128
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Motive GM Holdings II, LLC
- **CENTRAL INDEX KEY:** 0002097390

**ORGANIZATION NAME:**
- **EIN:** 474891285
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** 4643 S. ULSTER STREET
- **STREET 2:** SUITE 1400
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80237
- **BUSINESS PHONE:** 303.572.6400

**MAIL ADDRESS:**
- **STREET 1:** 4643 S. ULSTER STREET
- **STREET 2:** SUITE 1400
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80237

### Attached PDF Documents

**Attachment 1:** `motivejointfiling.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**Workhorse Group Inc.**

*(Name of Issuer)*

**Common Stock, $0.001 par value**

*(Title of Class of Securities)*

**98138J503**

*(CUSIP Number)*

**Gary Magness**<br>4643 South Ulster Street<br>Suite 1400<br>Denver CO 80237<br>3033.572.6400

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**12/15/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **98138J503** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Motive GM Holdings II, LLC** | Name of reporting person<br>**Motive GM Holdings II, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**6629800.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**6629800.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**6629800.00** | Aggregate amount beneficially owned by each reporting person<br>**6629800.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**62.8%** | Percent of class represented by amount in Row (11)<br>**62.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **98138J503** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Gary Magness** | Name of reporting person<br>**Gary Magness** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**X1** | Citizenship or place of organization<br>**X1** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**6629800.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**6629800.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**6629800.00** | Aggregate amount beneficially owned by each reporting person<br>**6629800.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**62.8%** | Percent of class represented by amount in Row (11)<br>**62.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IN** | Type of Reporting Person (See Instructions)<br>**IN** | |

---

| **CUSIP No.** | **98138J503** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**GMIT Lending Company, LLC** | Name of reporting person<br>**GMIT Lending Company, LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**6629800.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**6629800.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**6629800.00** | Aggregate amount beneficially owned by each reporting person<br>**6629800.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**62.8%** | Percent of class represented by amount in Row (11)<br>**62.8%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Common Stock, $0.001 par value

**(b) Name of Issuer:**
Workhorse Group Inc.

**(c) Address of Issuer's Principal Executive Offices:**
100 COMMERCE DRIVE, LOVELAND, OH, 45140

**Item 4. Purpose of Transaction**

The information set forth in Items 3 and 6 hereof is hereby incorporated by reference into this Item 4.
On December 15, 2025, pursuant to that Agreement and Plan of Merger (the "Merger Agreement") by and among the Issuer, Omaha Intermediate 2, Inc., a Delaware corporation and wholly-owned subsidiary of the Issuer ("Intermediate Parent"), Omaha Intermediate, Inc., a Delaware corporation and wholly-owned subsidiary of Intermediate Parent ("Intermediate"), Omaha Merger Subsidiary, Inc., a Delaware corporation and wholly-owned subsidiary of Intermediate ("Merger Subsidiary"), and Motiv Power systems, Inc., a Delaware corporation ("Motiv"), Merger Subsidiary merged with an into Motiv (the "Merger") and Motiv became a direct, wholly-owned subsidiary of Intermediate and an indirect, wholly-owned subsidiary of the Issuer.  Pursuant to the Merger Agreement, upon consummation of the Merger, MGMH II acquired 6,629,800 shares of the Issuer's Common Stock in exchange for indebtedness of Motive held by MGMH II.
The foregoing description of the Merger Agreement does not purport to be complete and is qualified in its entirety by reference to the Merger Agreement, which is filed as an exhibit hereby and incorporated herein by reference.
On August 15, 2025, the Issuer issued to MGMH II a Subordinated Secured Convertible Note with an aggregate original principal amount of $5 million (the "Convertible Note").
The foregoing description of the Convertible Note does not purport to be complete and is qualified in its entirety by reference to the Convertible Note which is filed as an exhibit hereto and incorporated herein by reference.
The Reporting persons may engage in discussions with management, the Issuer's Board, other shareholders of the Issuer and other relevant parties concerning the business, operations, board composition, management strategy and future plans of the Issuer.  As a result of these activities, the Reporting Persons may suggest or take a position with respect to potential changes in the operations, management, or capital structure of the Issuer as a means of enhancing shareholder value.  Such suggestions or positions may include one or more plans or proposals that relate to or would result in one or more of the actions described in clauses (a) through (j) of Item 4 of Schedule 13D.
The Reporting Persons intend to reexamine their investment from time to time and, depending on prevailing market conditions, other investment opportunities, liquidity requirements or other investment considerations, the Reporting Persons deem material, the Reporting Persons may from time to time acquire additional shares of Common Stock int he open market, block trades, negotiated transactions, or otherwise, The Reporting Persons may also dispose of all or a portion of the Issuer's securities, in open market, block trades or privately negotiated transactions, or otherwise.

**Item 5. Interest in Securities of the Issuer**

**(a)**
The information relating to the number and percentage of shares of Common Stock beneficially owned by the Reporting Persons is set forth in rows 11 - 13 of the cover pages of this Schedule 13D and is incorporated herein by reference.

The percentages set forth in row 13 of the cover pages is calculated based on a total of 10,560,661 shares of Common Stock outstanding as of December 15, 2025, as reported to the Reporting Persons by the Issuer.

**(b)**
The information relating to the voting and dispositive powers of the Reporting Persons is set forth in rows 7-10 of the cover pages of this Schedule 13D and is incorporated herein by reference.

**(c)**
The Reporting Persons have not effected any transactions in shares of Common Stock during the 60 days preceding the date of this report, except as described in Item 4 of this Schedule 13D, which information is incorporated herein by reference.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

The information set forth in Item 4 above is hereby incorporated herein by reference.
The Issuer entered into a registration rights agreement with MGMH II dated December 15, 2025 (the "Registration Rights Agreement").  Under the terms of the Registration Rights Agreement, the holders of a majority of the Registrable Securities (as defined in the Registration Rights Agreement) have the right to demand that the Issuer file a registration statement with respect to the Registrable Securities.  In addition, MGMH II has piggyback registration rights, pursuant to which, if the Issuer proposes to file a registration statement under the Securities Act or to conduct a public offering of its equity securities for its own account or the account of other persons, the Issuer will provide written notice to holders of Registrable Securities at least ten (10) days prior to the proposed filing (or, int he case of a public offering off an effective shelf registration statement, prior to the anticipated pricing or trade date), offering such holders the opportunity to include their Registrable Securities in such registration statement or public offering, subject to customary exclusions, including registrations on From S-4 or Form S-8, employee benefit plan offerings, sales pursuant to at-the-market- programs or similar continuous offering programs then in effect, and issuances pursuant to any equity line or similar committed equity purchase facility then in effect.  The Issuer is required to pay all registration expenses (other than underwriting discounts and selling commissions) and the reasonable fees and expenses of a single counsel for the selling shareholders, related to any demand or piggyback registration.
An affiliate of the Reporting Person entered into a Purchase and Sale Agreement and related Lease (the Sale-Leaseback") with a subsidiary of the Issuer pursuant to a sale-leaseback transaction involving the Issuer's Union City, Indiana facility.  The Reporting Person may be deemed to have indirect interests in such agreements.  These agreements do not relate to, or provide for, the voting or disposition of the Shares reported herein.  The foregoing description of the Purchase and Sale Agreement and the Lease does not purport to be complete and is qualified in its entirety by reference to such agreement, which will be filed as exhibits to, and incorporated herein by reference.
The Issuer entered into debt financing agreements with MGMH II, dated December 15, 2025 (the "Debt Financing Agreements").  Under the terms of the Debt Financing Agreements, $10 million is available in a revolving cash flow credit facility and an additional $40 million is available to fund manufacturing costs associated with confirmed purchase orders of the combined company in a revolving "customer order" facility.
The foregoing description of the agreements in this Item 6 do not purport to be complete and are qualified in their entirety by reference to the exhibits hereto and incorporated herein by reference.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Motive GM Holdings II, LLC

**Signature:** /s/ Gary Magness

**Name/Title:** Manager

**Date:** 12/16/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Gary Magness

**Signature:** /s/ Gary Magness

**Name/Title:** Individual

**Date:** 12/16/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** GMIT Lending Company, LLC

**Signature:** /s/ Gary Magness

**Name/Title:** Manager

**Date:** 12/16/2025