WKHS

SEC source: 0001628280-20-013052 · wf-form4_159838927516466.xml · derivative · entry 6

Samuels H. Benjamin · CIK 0001661669 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, $0.001 par value per share · 50,000 shares

Expires 2020-12-17

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001628280-20-013052 · wf-form4_159838927516466.xml · derivative · entry 5

Samuels H. Benjamin · CIK 0001661669 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, $0.001 par value per share · 10,000 shares

Expires 2021-08-15

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001628280-20-013052 · wf-form4_159838927516466.xml · nonDerivative · entry 2

Samuels H. Benjamin · CIK 0001661669 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 583,701

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001628280-20-013052 · wf-form4_159838927516466.xml · nonDerivative · entry 1

Samuels H. Benjamin · CIK 0001661669 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 593,701

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001628280-20-012938 · wf-form4_159795731877487.xml · derivative · entry 9

Samuels H. Benjamin · CIK 0001661669 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 0

Underlying: Common Stock, $0.001 par value per share · 285,071 shares

Expires 2020-11-07

F1 · ownership.nature: The securities are held by the Samuels 2012 Children's Trust UAD 10/28/12. H. Benjamin Samuels, a director of Workhorse Group Inc., is a trustee and beneficiary of Samuels 2012 Children's Trust UAD 10/28/12.

SEC source: 0001628280-20-012938 · wf-form4_159795731877487.xml · derivative · entry 8

Samuels H. Benjamin · CIK 0001661669 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 0

Underlying: Common Stock, $0.001 par value per share · 95,254 shares

Expires 2020-11-07

F1 · ownership.nature: The securities are held by the Samuels 2012 Children's Trust UAD 10/28/12. H. Benjamin Samuels, a director of Workhorse Group Inc., is a trustee and beneficiary of Samuels 2012 Children's Trust UAD 10/28/12.

SEC source: 0001628280-20-012938 · wf-form4_159795731877487.xml · nonDerivative · entry 2

Samuels H. Benjamin · CIK 0001661669 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 550,165

F1 · ownership.nature: The securities are held by the Samuels 2012 Children's Trust UAD 10/28/12. H. Benjamin Samuels, a director of Workhorse Group Inc., is a trustee and beneficiary of Samuels 2012 Children's Trust UAD 10/28/12.

SEC source: 0001628280-20-012938 · wf-form4_159795731877487.xml · nonDerivative · entry 1

Samuels H. Benjamin · CIK 0001661669 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 645,419

F1 · ownership.nature: The securities are held by the Samuels 2012 Children's Trust UAD 10/28/12. H. Benjamin Samuels, a director of Workhorse Group Inc., is a trustee and beneficiary of Samuels 2012 Children's Trust UAD 10/28/12.

SEC source: 0001628280-20-012938 · wf-form4_159795731877487.xml · nonDerivative · entry 5

Samuels H. Benjamin · CIK 0001661669 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 665,094

F1 · ownership.nature: The securities are held by the Samuels 2012 Children's Trust UAD 10/28/12. H. Benjamin Samuels, a director of Workhorse Group Inc., is a trustee and beneficiary of Samuels 2012 Children's Trust UAD 10/28/12.

SEC source: 0001628280-20-012938 · wf-form4_159795731877487.xml · nonDerivative · entry 4

Samuels H. Benjamin · CIK 0001661669 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 565,094

F1 · ownership.nature: The securities are held by the Samuels 2012 Children's Trust UAD 10/28/12. H. Benjamin Samuels, a director of Workhorse Group Inc., is a trustee and beneficiary of Samuels 2012 Children's Trust UAD 10/28/12.

SEC source: 0001628280-20-012938 · wf-form4_159795731877487.xml · nonDerivative · entry 3

Samuels H. Benjamin · CIK 0001661669 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 265,094

F1 · ownership.nature: The securities are held by the Samuels 2012 Children's Trust UAD 10/28/12. H. Benjamin Samuels, a director of Workhorse Group Inc., is a trustee and beneficiary of Samuels 2012 Children's Trust UAD 10/28/12.

SEC source: 0001628280-20-012880 · wf-form4_159787111156771.xml · nonDerivative · entry 1

Chess Raymond Joseph · CIK 0001593040 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 153,243

F1 · shares: The sales reported on this Form 4 were effected pursuant to a Rule 10b-5 trading plan.

SEC source: 0001213900-20-017833 · ownership.xml · nonDerivative · entry 1

Furey Anthony Daly · CIK 0001794487 · Vice President-Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 348,324

F1 · shares: The sales reported on this Form 4 were effected pursuant to a Rule 10b-5 trading plan.

SEC source: 0001213900-20-017835 · ownership.xml · derivative · entry 4

Chess Raymond Joseph · CIK 0001593040 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,000

Underlying: Common Stock, $0.001 par value per share · 10,000 shares

Expires 2020-08-11

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001213900-20-017835 · ownership.xml · nonDerivative · entry 3

Chess Raymond Joseph · CIK 0001593040 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 185,704

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F2 · shares: Represents the exercise of a stock option pursuant to which the Reporting Person received an aggregate of 10,000 shares by means of a cashless exercise. A cashless exercise is a method of exercising a stock option in which the option holder pays the exercise price to Workhorse Group Inc. using shares of common stock the Reporting Person would have received pursuant to the option exercise. As a result of this cashless exercise, the Reporting Person, on a net basis, acquired ownership of a net amount of 8,904 shares of common stock.

SEC source: 0001213900-20-017835 · ownership.xml · nonDerivative · entry 2

Chess Raymond Joseph · CIK 0001593040 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 184,608

SEC source: 0001213900-20-017835 · ownership.xml · nonDerivative · entry 1

Chess Raymond Joseph · CIK 0001593040 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 157,243

F1 · shares: The sales reported on this Form 4 were effected pursuant to a Rule 10b-5 trading plan.

SEC source: 0001213900-20-017840 · ownership.xml · nonDerivative · entry 1

Willison Robert Harry · CIK 0001768448 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 184,508

F1 · shares: The sales reported on this Form 4 were effected pursuant to a Rule 10b-5 trading plan.

SEC source: 0001213900-20-017575 · ownership.xml · derivative · entry 6

Hughes Duane · CIK 0001685081 · Director · CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, $0.001 par value per share · 20,000 shares

Expires 2020-08-03

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · security: Represents the exercise of a stock option pursuant to which the Reporting Person received an aggregate of 20,000 shares by means of a cashless exercise. A cashless exercise is a method of exercising a stock option in which the option holder pays the exercise price to Workhorse Group Inc. using shares of common stock the Reporting Person would have received pursuant to the option exercise. As a result of this cashless exercise, the Reporting Person, on a net basis, acquired ownership of a net amount of 12,513 shares of common stock.

SEC source: 0001213900-20-017575 · ownership.xml · nonDerivative · entry 5

Hughes Duane · CIK 0001685081 · Director · CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 417,589

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F6 · shares: Represents the exercise of a stock option pursuant to which the Reporting Person received an aggregate of 20,000 shares by means of a cashless exercise. A cashless exercise is a method of exercising a stock option in which the option holder pays the exercise price to Workhorse Group Inc. using shares of common stock the Reporting Person would have received pursuant to the option exercise. As a result of this cashless exercise, the Reporting Person, on a net basis, acquired ownership of a net amount of 12,513 shares of common stock.

SEC source: 0001213900-20-017575 · ownership.xml · nonDerivative · entry 4

Hughes Duane · CIK 0001685081 · Director · CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 410,102

F6 · shares: Represents the exercise of a stock option pursuant to which the Reporting Person received an aggregate of 20,000 shares by means of a cashless exercise. A cashless exercise is a method of exercising a stock option in which the option holder pays the exercise price to Workhorse Group Inc. using shares of common stock the Reporting Person would have received pursuant to the option exercise. As a result of this cashless exercise, the Reporting Person, on a net basis, acquired ownership of a net amount of 12,513 shares of common stock.

SEC source: 0001213900-20-017575 · ownership.xml · nonDerivative · entry 3

Hughes Duane · CIK 0001685081 · Director · CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 399,556

F1 · shares: The sales reported on this Form 4 were effected pursuant to a Rule 10b-5 trading plan.

SEC source: 0001213900-20-017575 · ownership.xml · nonDerivative · entry 2

Hughes Duane · CIK 0001685081 · Director · CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 359,040

F1 · shares: The sales reported on this Form 4 were effected pursuant to a Rule 10b-5 trading plan.

SEC source: 0001213900-20-017575 · ownership.xml · nonDerivative · entry 1

Hughes Duane · CIK 0001685081 · Director · CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 347,589

F1 · shares: The sales reported on this Form 4 were effected pursuant to a Rule 10b-5 trading plan.

SEC source: 0001213900-20-017576 · ownership.xml · nonDerivative · entry 3

Fleming Stephen M. · CIK 0001718110 · Vice President/General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 614,162

F1 · shares: The sales reported on this Form 4 were effected pursuant to a Rule 10b-5 trading plan.

SEC source: 0001213900-20-017576 · ownership.xml · nonDerivative · entry 2

Fleming Stephen M. · CIK 0001718110 · Vice President/General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 585,772

F1 · shares: The sales reported on this Form 4 were effected pursuant to a Rule 10b-5 trading plan.

SEC source: 0001213900-20-017576 · ownership.xml · nonDerivative · entry 1

Fleming Stephen M. · CIK 0001718110 · Vice President/General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 580,171

F1 · shares: The sales reported on this Form 4 were effected pursuant to a Rule 10b-5 trading plan.

SEC source: 0001213900-20-017160 · ownership.xml · nonDerivative · entry 16

LUKENS JOSEPH THEODORE JR · CIK 0001607972 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,500,000

F3 · kind: In-kind distribution by New Era Capital Fund L.P. of the issuer's common stock to New Era Capital Fund L.P.'s partners.

SEC source: 0001213900-20-017160 · ownership.xml · nonDerivative · entry 15

LUKENS JOSEPH THEODORE JR · CIK 0001607972 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 4,002,422

F3 · kind: In-kind distribution by New Era Capital Fund L.P. of the issuer's common stock to New Era Capital Fund L.P.'s partners.

F1 · ownership.nature: Held by New Era Capital Fund L.P. of which New Era Capital LLC is the General Partner, of which the reporting person is the managing member. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

SEC source: 0001213900-20-016782 · ownership.xml · nonDerivative · entry 1

Fleming Stephen M. · CIK 0001718110 · Vice President/General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 620,171

F1 · shares: Represents shares of common stock granted by Workhorse Group Inc. (the "Company") under a Restricted Stock Award Agreement vesting in equal amounts over a three year period in six month intervals less shares relinquished to the Company by the reporting person out of, and to cover estimated tax withholding for, restricted shares previously granted subject to vesting. The stock price reflected in Table I Column 4 was determined based on fair market value as the closing trading price of the Company's common stock on July 1, 2020.

SEC source: 0001213900-20-016783 · ownership.xml · nonDerivative · entry 1

Furey Anthony Daly · CIK 0001794487 · Vice President-Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 376,324

F1 · shares: Represents shares of common stock granted by Workhorse Group Inc. (the "Company") under a Restricted Stock Award Agreement vesting in equal amounts over a three year period in six month intervals less shares relinquished to the Company by the reporting person out of, and to cover estimated tax withholding for, restricted shares previously granted subject to vesting. The stock price reflected in Table I Column 4 was determined based on fair market value as the closing trading price of the Company's common stock on July 1, 2020.

SEC source: 0001213900-20-016784 · ownership.xml · nonDerivative · entry 1

Ackerson Gregory T. · CIK 0001794172 · Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 124,906

F1 · shares: Represents shares of common stock granted by Workhorse Group Inc. (the "Company") under a Restricted Stock Award Agreement vesting in equal amounts over a three year period in six month intervals less shares relinquished to the Company by the reporting person out of, and to cover estimated tax withholding for, restricted shares previously granted subject to vesting. The stock price reflected in Table I Column 4 was determined based on fair market value as the closing trading price of the Company's common stock on July 1, 2020.

SEC source: 0001213900-20-017160 · ownership.xml · nonDerivative · entry 14

LUKENS JOSEPH THEODORE JR · CIK 0001607972 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 5,502,422

F1 · ownership.nature: Held by New Era Capital Fund L.P. of which New Era Capital LLC is the General Partner, of which the reporting person is the managing member. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

SEC source: 0001213900-20-017160 · ownership.xml · nonDerivative · entry 13

LUKENS JOSEPH THEODORE JR · CIK 0001607972 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 5,602,422

F1 · ownership.nature: Held by New Era Capital Fund L.P. of which New Era Capital LLC is the General Partner, of which the reporting person is the managing member. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

SEC source: 0001628280-20-008412 · wf-form4_159052593910647.xml · nonDerivative · entry 1

Hughes Duane · CIK 0001685081 · Director · CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 418,289

F1 · shares: Represents shares of common stock granted under a Restricted Stock Award Agreement vesting in equal amounts over a three year period in six month intervals.

SEC source: 0001628280-20-008414 · wf-form4_159052599607177.xml · nonDerivative · entry 1

Fleming Stephen M. · CIK 0001718110 · Vice President/General Counsel

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 680,474

F1 · shares: Represents shares of common stock granted under a Restricted Stock Award Agreement vesting in equal amounts over a three year period in six month intervals.

SEC source: 0001628280-20-008406 · wf-form4_159052562712648.xml · nonDerivative · entry 1

DeMott Harry · CIK 0001684919 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 94,355

F1 · date: Represents shares of common stock granted under a Restricted Stock Award Agreement vesting on the six month anniversary of the grant.

SEC source: 0001628280-20-008425 · wf-form4_159052840250417.xml · nonDerivative · entry 1

CLARK MICHAEL L. · CIK 0001683605 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 94,355

F1 · shares: Represents shares of common stock granted under a Restricted Stock Award Agreement vesting on the six month anniversary of the grant.

SEC source: 0001628280-20-008427 · wf-form4_159052850475289.xml · nonDerivative · entry 1

Furey Anthony Daly · CIK 0001794487 · Vice President-Finance

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 415,597

F1 · shares: Represents shares of common stock granted under a Restricted Stock Award Agreement vesting in equal amounts over a three year period in six month intervals.

SEC source: 0001628280-20-008415 · wf-form4_159052612276166.xml · nonDerivative · entry 1

Budde Gerald B. · CIK 0001655373 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 214,047

F1 · date: Represents shares of common stock granted under a Restricted Stock Award Agreement vesting on the six month anniversary of the grant.

SEC source: 0001628280-20-008410 · wf-form4_159052584106733.xml · nonDerivative · entry 1

Willison Robert Harry · CIK 0001768448 · Chief Operating Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 204,428

F1 · shares: Represents shares of common stock granted under a Restricted Stock Award Agreement vesting in equal amounts over a three year period in six month intervals.

SEC source: 0001628280-20-008411 · wf-form4_159052589336884.xml · nonDerivative · entry 1

Schrader Steve · CIK 0001798465 · Chief Financial Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 179,950

F1 · shares: Represents shares of common stock granted under a Restricted Stock Award Agreement vesting in equal amounts over a three year period in six month intervals.

SEC source: 0001628280-20-008409 · wf-form4_159052579971718.xml · nonDerivative · entry 1

Ackerson Gregory T. · CIK 0001794172 · Controller

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 137,185

F1 · shares: Represents shares of common stock granted under a Restricted Stock Award Agreement vesting in equal amounts over a three year period in six month intervals.

SEC source: 0001628280-20-008408 · wf-form4_159052572729462.xml · nonDerivative · entry 1

Chess Raymond Joseph · CIK 0001593040 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 175,704

F1 · shares: Represents shares of common stock granted under a Restricted Stock Award Agreement vesting on the six month anniversary of the grant.

SEC source: 0001628280-20-008407 · wf-form4_159052568006918.xml · nonDerivative · entry 1

Samuels H. Benjamin · CIK 0001661669 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 533,701

F1 · date: Represents shares of common stock granted under a Restricted Stock Award Agreement vesting on the six month anniversary of the grant.

SEC source: 0001213900-20-016785 · ownership.xml · nonDerivative · entry 1

Hughes Duane · CIK 0001685081 · Director · CEO and President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 397,598

F1 · shares: Represents shares of common stock granted by Workhorse Group Inc. (the "Company") under a Restricted Stock Award Agreement vesting in equal amounts over a three year period in six month intervals less shares relinquished to the Company by the reporting person out of, and to cover estimated tax withholding for, restricted shares previously granted subject to vesting. The stock price reflected in Table I Column 4 was determined based on fair market value as the closing trading price of the Company's common stock on July 1, 2020.

SEC source: 0001213900-20-017160 · ownership.xml · nonDerivative · entry 12

LUKENS JOSEPH THEODORE JR · CIK 0001607972 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 6,102,422

F3 · kind: In-kind distribution by New Era Capital Fund L.P. of the issuer's common stock to New Era Capital Fund L.P.'s partners.

F1 · ownership.nature: Held by New Era Capital Fund L.P. of which New Era Capital LLC is the General Partner, of which the reporting person is the managing member. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

SEC source: 0000905718-20-000424 · workhorse_fm4may62020.xml · nonDerivative · entry 2

MARATHON ASSET MANAGEMENT LP · CIK 0001279913 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 0

F1 · ownership.nature: The warrants are held by funds and accounts (the "Funds and Accounts") that are advised by Marathon Asset Management, L.P. (the "Reporting Person"). The Reporting Person, in its capacity as the investment manager of the Funds and Accounts, has sole power to direct the disposition of the warrants held by the Funds and Accounts and, following exercise of such warrants, to vote and direct the disposition of the underlying shares of the issuer's common stock. Thus, for the purposes of Rule 13d-3 under the Securities Exchange Act of 1934 (the "Exchange Act"), the Reporting Person may be deemed to beneficially own the securities reported herein. The Reporting Person's interest in such securities is limited to the extent of its pecuniary interest in the Funds and Accounts, if any. The general partner of the Reporting Person is Marathon Asset Management GP, L.L.C. (the "General Partner"). Bruce Richards and Louis Hanover are the managing members of the General Partner.

F2 · ownership.nature: This report shall not be deemed an admission that the Reporting Person, the General Partner, Messrs. Richards or Hanover, the Funds and Accounts or any other person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Exchange Act, or for any other purpose.

SEC source: 0000905718-20-000424 · workhorse_fm4may62020.xml · derivative · entry 3

MARATHON ASSET MANAGEMENT LP · CIK 0001279913 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 4,208,390

Underlying: Common Stock · 3,845,000 shares

Expires 2023-12-31

F1 · ownership.nature: The warrants are held by funds and accounts (the "Funds and Accounts") that are advised by Marathon Asset Management, L.P. (the "Reporting Person"). The Reporting Person, in its capacity as the investment manager of the Funds and Accounts, has sole power to direct the disposition of the warrants held by the Funds and Accounts and, following exercise of such warrants, to vote and direct the disposition of the underlying shares of the issuer's common stock. Thus, for the purposes of Rule 13d-3 under the Securities Exchange Act of 1934 (the "Exchange Act"), the Reporting Person may be deemed to beneficially own the securities reported herein. The Reporting Person's interest in such securities is limited to the extent of its pecuniary interest in the Funds and Accounts, if any. The general partner of the Reporting Person is Marathon Asset Management GP, L.L.C. (the "General Partner"). Bruce Richards and Louis Hanover are the managing members of the General Partner.

F2 · ownership.nature: This report shall not be deemed an admission that the Reporting Person, the General Partner, Messrs. Richards or Hanover, the Funds and Accounts or any other person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Exchange Act, or for any other purpose.

SEC source: 0000905718-20-000424 · workhorse_fm4may62020.xml · nonDerivative · entry 1

MARATHON ASSET MANAGEMENT LP · CIK 0001279913 · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 3,845,000

F1 · ownership.nature: The warrants are held by funds and accounts (the "Funds and Accounts") that are advised by Marathon Asset Management, L.P. (the "Reporting Person"). The Reporting Person, in its capacity as the investment manager of the Funds and Accounts, has sole power to direct the disposition of the warrants held by the Funds and Accounts and, following exercise of such warrants, to vote and direct the disposition of the underlying shares of the issuer's common stock. Thus, for the purposes of Rule 13d-3 under the Securities Exchange Act of 1934 (the "Exchange Act"), the Reporting Person may be deemed to beneficially own the securities reported herein. The Reporting Person's interest in such securities is limited to the extent of its pecuniary interest in the Funds and Accounts, if any. The general partner of the Reporting Person is Marathon Asset Management GP, L.L.C. (the "General Partner"). Bruce Richards and Louis Hanover are the managing members of the General Partner.

F2 · ownership.nature: This report shall not be deemed an admission that the Reporting Person, the General Partner, Messrs. Richards or Hanover, the Funds and Accounts or any other person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Exchange Act, or for any other purpose.