Item 5. Other Information
Item
5. Other Information
Securities
Trading Plans
During
the 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)
adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy
the affirmative defense conditions of Rule 10b5-1(c) of the Exchange Act or any “non-Rule 10b5-1 trading arrangement” (as
defined in Section 408(c) of Regulation S-K).
Subsequent
Events
● On
April 13, 2026, the Company issued to its Chief Executive Officer, Steven Rossi, 88,214 shares
of the Company’s common stock, par value $0.001 per share at a deemed price of $0.8502
per share, representing the closing price of the Company’s Common Stock on the Nasdaq
Capital Market on April 10, 2026, for an aggregate value of $75,000. The shares were issued
in satisfaction of previously accrued and unpaid bonus compensation owed to Mr. Steven Rossi
and were approved by the Company’s Board of Directors.
● On
April 20, 2026, the Company announced the official commercial launch and commencement of
sales for its highly anticipated NEXUS Tonneau Cover, a premium tonneau cover, with innovative
features previously unseen in the market. Production began on the NEXUS cover on April 13,
2026, and early demand from established distributors with multi-million-dollar annual purchasing
capacity—supports management’s expectation that the NEXUS platform can contribute
millions in incremental revenue in 2026, while accelerating adoption across existing and
new sales channels
● On
April 29, 2026, the Company announced that it secured Tri-State Enterprises, Inc. (“Tri-State”)
as a new cross-regional distribution partner for the Company’s growing tonneau cover
lineup, including the Company’s recently launched NEXUS cover.
● On
April 30, 2026, Michael Johnston resigned as the Company’s Chief Financial Officer,
Principal Financial Officer and Principal Accounting Officer, effective April 30, 2026. Mr.
Johnston’s resignation was not the result of any disagreement with the Company regarding
its operations, policies or practices, including any matters relating to the Company’s
accounting practices or financial reporting.
● On
April 30, 2026, the Company’s Board of Directors appointed Jennifer Kartychak as the
Company’s Chief Financial Officer, Principal Financial Officer and Principal Accounting
Officer, effective May 1, 2026. Ms. Kartychak has served as the Company’s Vice President
of Finance since January 1, 2026. Prior thereto, beginning in August 2023, Ms. Kartychak
provided consulting services to the Company through Arend Advisory Group LLC, an entity wholly
owned by Ms. Kartychak.
● Through May 13, 2026, the Company sold and issued 606,069 of common stock in consideration for net proceeds of $623,124 under
the ATM Agreement.
29
Item
6. Exhibits
EXHIBIT
No.
DESCRIPTION
10.1
Employment Agreement, dated as of January 27, 2026, between Worksport Ltd. and Jennifer Kartychak (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on April 30, 2026)
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
32.2**
Section
906 Certifications of 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)
*
Filed
herewith.
**
Exhibits
32.1 and 32.2 are being furnished and shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act,
or otherwise subject to the liability of that section, nor shall such exhibits be deemed to be incorporated by reference in any registration
statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise specifically
stated in such filing.
30
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:
May 13, 2026
By:
/s/
Steven Rossi
Steven
Rossi
Chief
Executive Officer
(Principal
Executive Officer)
Dated:
May 13, 2026
By:
/s/
Jennifer Kartychak
Jennifer
Kartychak
Chief
Financial Officer
(Principal
Financial and Accounting Officer)
31
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.