Worksport Ltd 10-Q

Item 5. Other Information Subsequent Events ● On July 10, 2023, the Company granted 10,000 stock options to a consultant with an exercise price of $2.55 and an expiry date of July 10, 2028. The options shall vest in full on September 27, 2024. ● On July 25 and August 3, 2023, the Company sold a total of 22,995 shares of common stock for total proceeds of $91,731. The sale of the shares of common stock was in connection with the Form S-3 shelf registration statement, which was declared effective by the SEC on October 13, 2022 allowing the Company to issue up to $30,000,000 of shares of common stock and and prospectus supplement covering the offering, issuance and sale by us of up to $13,000,000 of shares of common stock that may be issued and sold under the At The Market Offering Agreement dated as of September 30, 2022. ● During the month of July 2023, the Company granted 321,950 stock options to various employees, directors, advisors, and consultants with exercise prices of $3.36 to $4.20 and an expiry date of 10 years from the date of issuance. The options will vest in two installments, 50% shall vest at the two-year anniversary of the grant date and remaining 50% shall vest at the three-year anniversary of the grant date. 31 Item 6. Exhibits EXHIBIT No. DESCRIPTION 31.1 Section 302 Certification of Chief Executive Officer 31.2 Section 302 Certification of Chief Financial Officer 32.1 Section 906 Certifications of Chief Executive Officer and Chief Financial Officer 101.INS Inline XBRL Instance Document 101.SCH Inline XBRL Taxonomy Extension Schema Document 101.CAL Inline XBRL Taxonomy Extension Calculation Linkbase Document 101.LAB Inline XBRL Taxonomy Extension Label Linkbase Document 101.PRE Inline XBRL Taxonomy Extension Presentation Linkbase Document 101.DEF Inline XBRL Taxonomy Extension Definition Linkbase Document 104 Cover Page Interactive Data File (embedded within the Inline XBRL document) 32 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. WORKSPORT LTD. Dated: August 14, 2023 By: /s/ Steven Rossi Steven Rossi Chief Executive Officer (Principal Executive Officer) Dated: August 14, 2023 By: /s/ Michael Johnston Michael Johnston Chief Financial Officer (Principal Financial and Accounting Officer) 33