Sec Form 4 Filing - Caragol William J @ Worksport Ltd - 2024-07-23

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Caragol William J 2. Issuer Name and Ticker or Trading Symbol Worksport Ltd [ WKSP] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 2500 N AMERICA DR. 3. Date of Earliest Transaction (MM/DD/YY) 07/23/2024 (Street) WEST SENECA, NY14224 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Non-Qualified Stock Options ( 1 ) $ 5.5 07/23/2024 D 15,000 01/01/2022( 1 ) 08/06/2026 Common Stock 15,000 $ 0.0001 0 D Non-Qualified Stock Options ( 1 ) $ 0.7042 ( 2 ) 07/23/2024 A 15,000 01/01/2022( 1 ) 08/06/2026 Common Stock 15,000 $ 0.0001 15,000 D Non-Qualified Stock Options ( 3 ) $ 2.51 07/23/2024 D 30,000 12/29/2022( 3 ) 12/29/2026 Common Stock 30,000 $ 0.0001 0 D Non-Qualified Stock Options ( 3 ) $ 0.7042 ( 2 ) 07/23/2024 A 30,000 12/29/2022( 3 ) 12/29/2026 Common Stock 30,000 $ 0.0001 30,000 D Stock Option (right to buy) $ 1.66 07/23/2024 D 120,000 ( 4 ) ( 5 ) Common Stock 120,000 $ 0 0 D Stock Option (right to buy) $ 0.7042 ( 2 ) 07/23/2024 A 120,000 ( 4 ) ( 5 ) Common Stock 120,000 $ 0 120,000 D Option (Right to buy) $ 3.61 07/23/2024 D 7,500 ( 6 ) 07/21/2028 Common Stock 7,500 $ 0 0 D Option (Right to buy) $ 0.7042 ( 2 ) 07/23/2024 A 7,500 ( 6 ) 07/21/2028 Common Stock 7,500 $ 0 7,500 D Option (Right to buy) $ 0.7042 ( 7 ) 07/23/2024 A 25,000 ( 7 ) 07/23/2034 Common Stock 25,000 $ 0 25,000 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Caragol William J 2500 N AMERICA DR. WEST SENECA, NY14224 X Signatures /s/ William J. Caragol 07/25/2024 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The Reporting Person was granted Non-Qualified Stock Options ("NQSOs") which represent a contingent right to receive one share of Common Stock for each NQSO at a price of $5.50. The NQSOs vest entirely on January 1st of 2022. These NQSOs expire on August 6th, 2026. The right of exercise shall be cumulative so that to the extent this Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares Subject to Option for which it is vested until the earlier of the date on which this Option is fully exercised and the Expiration Date. ( 2 )On July 23, 2024, the Issuer's Board of Directors approved an option repricing (the "Repricing") whereby the Reporting Person's options were repriced to an exercise price of $0.7042 per share. All of the other terms of the options remain unchanged. Such transactions were exempt pursuant to Rule 16b-6(d) and Rule 16b-3 of the Exchange Act, as applicable. ( 3 )The Reporting Person was granted Non-Qualified Stock Options ("NQSOs") which represent a contingent right to receive one share of Common Stock for each NQSO at a price of $2.51. The NQSOs vest 1/3 on December 29, 2022, 1/3 December 29, 2023 and 1/3 December 29, 2024. These NQSOs expire on December 29, 2026. The right of exercise shall be cumulative so that to the extent this Option is not exercised in any period to the maximum extent permissible it shall continue to be exercisable, in whole or in part, with respect to all Shares Subject to Option for which it is vested until the earlier of the date on which this Option is fully exercised and the Expiration Date. ( 4 )Non-qualified stock option granted under the Worksport Ltd 2022 Equity Incentive Plan (the "2022 Plan"). Option vests in six equal installments, commencing on the date of grant and each anniversary of the date of grant. ( 5 )Option expires on 01/30/33 subject to the terms of the 2022 Plan. ( 6 )50% of option vests on the first anniversary of the date of grant and 50% of option vests on the second anniversary of the date of grant. ( 7 )Non-qualified stock option granted under the Worksport Ltd 2022 Equity Incentive Plan (the "2022 Plan"). Option vests in eight quarterly installments, commencing on the date of grant

Reminder: Report on a separate line for each class of securitie s beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

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