<p><strong>Worksport Ltd</strong> (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.</p>



<h2>Rossi Takes Shares Instead Of Cash</h2>



<p>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.</p>



<p>The company issued the shares under a Stock Purchase Agreement dated June 5, 2026, between Rossi and the company.</p>



<p>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.</p>



<h2>CEO Repeats Stock-Based Compensation Move</h2>



<p>This marks the second time Rossi has chosen company shares to satisfy accrued compensation.</p>



<p>In April 2026, he elected to receive 88,214 shares of common stock instead of $75,000 in accrued cash compensation.</p>



<p>Worksport said Rossi's decision reflects his confidence in the company's long-term strategy.</p>



<h2>Worksport Highlights Revenue Growth And Product Rollout</h2>



<p>Worksport said it has grown annual revenue from about $1.5 million in 2023 to $8.5 million in 2024 and $16.1 million in 2025, while expanding gross margins, increasing dealer penetration, commercializing new products, and investing in infrastructure to support future growth.</p>



<p>Management also said the continued commercial rollout of its Nexus Tonneau Cover, launched in April 2026, along with broader commercialization initiatives, will support its long-term growth objectives.</p>



<h2>Worksport Reports Higher Q4 Sales, Margins</h2>



<p>In February, Worksport said preliminary fourth-quarter net sales rose 65% year over year to $4.84 million, while gross profit jumped 392% to $1.5 million.</p>



<p>Gross margin expanded 2,100 basis points to 32% as the company shifted production to its West Seneca, New York, facility and offset aluminum cost pressures through manufacturing improvements.</p>



<p>Full-year 2025 revenue rose 91% to $16.2 million from $8.5 million in 2024, but missed the analyst consensus estimate of $19.58 million. Worksport had said it expects to update fiscal 2026 guidance, including revenue and cash-flow positivity targets.</p>



<p><strong>WKSP Price Action:</strong> Worksport shares were down 5.85% at $0.66 during premarket trading on Tuesday. The stock is trading near its 52-week low of $0.61, according to Benzinga Pro data.</p>

WKSP

<p>Worksport CEO Steven Rossi elected to receive 79,618 shares of company stock instead of $50,000 in cash compensation, marking his second such decision. This move signals confidence in the firm's long-term strategy amid significant growth, including a 392% surge in quarterly gross profits and revenue increasing to $16.1 million in 2025. Despite strong financial metrics, Worksport shares fell 5.85% in premarket trading.</p>

EXCLUSIVE: Worksport Chooses Equity Compensation Over Cash