Worksport Ltd (NASDAQ:WKSP) announced Tuesday that its founder and CEO, Steven Rossi, has chosen company stock over cash compensation, signaling confidence in the company's long-term strategy again.
Rossi Takes Shares Instead Of Cash
Worksport said Tuesday that Rossi elected to receive 79,618 shares of the company's common stock instead of $50,000 in cash compensation that would otherwise have been payable to him.
The company issued the shares under a Stock Purchase Agreement dated June 5, 2026, between Rossi and the company.
The shares were priced at $0.6280 each, matching the closing price of Worksport's common stock on the Nasdaq Capital Market on June 5, 2026.
