{"url_path":"/sec/wksp/10-q/2026/item-5","section_key":"item-5","section_title":"Item 5 Other Information**","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-13","source_url":"https://www.sec.gov/Archives/edgar/data/1096275/0001493152-26-022706-index.html","accession_number":"0001493152-26-022706","cik":"0001096275","ticker":"WKSP","issuer_name":"Worksport Ltd","edgar_url":"https://www.sec.gov/Archives/edgar/data/1096275/0001493152-26-022706-index.html","primary_entity_key":"0001096275","primary_entity_name":"Worksport Ltd"},"word_count":428,"has_tables":true,"body_markdown":"**Item\n5. Other Information**\n\n \n\nSecurities\nTrading Plans\n\n \n\nDuring\nthe three months ended March 31, 2026, none of our Section 16 officers or directors (as defined in Rule 16a-1(f) of the Exchange Act)\nadopted or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy\nthe affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act or any “non-Rule 10b5-1 trading arrangement” (as\ndefined in Section 408(c) of Regulation S-K).\n\n \n\nSubsequent\nEvents\n\n \n\n●On\nApril 13, 2026, the Company issued to its Chief Executive Officer, Steven Rossi, 88,214 shares\nof the Company’s common stock, par value $0.001 per share at a deemed price of $0.8502\nper share, representing the closing price of the Company’s Common Stock on the Nasdaq\nCapital Market on April 10, 2026, for an aggregate value of $75,000. The shares were issued\nin satisfaction of previously accrued and unpaid bonus compensation owed to Mr. Steven Rossi\nand were approved by the Company’s Board of Directors.\n\n●On\nApril 20, 2026, the Company announced the official commercial launch and commencement of\nsales for its highly anticipated NEXUS Tonneau Cover, a premium tonneau cover, with innovative\nfeatures previously unseen in the market. Production began on the NEXUS cover on April 13,\n2026, and early demand from established distributors with multi-million-dollar annual purchasing\ncapacity—supports management’s expectation that the NEXUS platform can contribute\nmillions in incremental revenue in 2026, while accelerating adoption across existing and\nnew sales channels\n\n●On\nApril 29, 2026, the Company announced that it secured Tri-State Enterprises, Inc. (“Tri-State”)\nas a new cross-regional distribution partner for the Company’s growing tonneau cover\nlineup, including the Company’s recently launched NEXUS cover.\n\n●On\nApril 30, 2026, Michael Johnston resigned as the Company’s Chief Financial Officer,\nPrincipal Financial Officer and Principal Accounting Officer, effective April 30, 2026. Mr.\nJohnston’s resignation was not the result of any disagreement with the Company regarding\nits operations, policies or practices, including any matters relating to the Company’s\naccounting practices or financial reporting.\n\n●On\nApril 30, 2026, the Company’s Board of Directors appointed Jennifer Kartychak as the\nCompany’s Chief Financial Officer, Principal Financial Officer and Principal Accounting\nOfficer, effective May 1, 2026. Ms. Kartychak has served as the Company’s Vice President\nof Finance since January 1, 2026. Prior thereto, beginning in August 2023, Ms. Kartychak\nprovided consulting services to the Company through Arend Advisory Group LLC, an entity wholly\nowned by Ms. Kartychak.\n\n ●Through May 13, 2026, the Company sold and issued 606,069 of common stock in consideration for net proceeds of $623,124 under\nthe ATM Agreement.\n\n \n\n29"}