Motive GM Holdings Holds 6.63 M Workhorse Shares Amid Quiet Insider Buy‑Sell Balancing Act

Motive GM Holdings’ New Holding in Workhorse: What It Signals for Investors

Motive GM Holdings II, LLC has just filed a director‑dealing form (3/A) that records a holding of 6.63 million shares of Workhorse Group Inc. (WHR) at a market price of $5.13. The filing, dated December 15, 2025, does not show a purchase or sale transaction, but it confirms that Motive’s management—led by Mr. Magness—has maintained a substantial stake in the company following the merger with Motiv. The share count is unchanged from the prior filing on December 30, 2025, indicating a continued confidence in Workhorse’s long‑term prospects.

Implications of the Current Transaction and Recent Insider Activity

While Motive’s position is static, the broader insider activity on that day was highly active. Several senior executives—including the CTO, CFO, and CEO—executed a mix of purchases and sales of common stock, often at the same nominal price of $6.51, suggesting they are buying after a brief price dip or exercising restricted stock units. The pattern of buying and selling at the same price level is typical of “re‑balancing” trades rather than speculative moves. For investors, this activity signals that management is managing liquidity but remains invested in the company’s equity.

The current transaction’s lack of a price change (+0.03%) and the modest buzz (13.6 %) suggest that the market did not react strongly to Motive’s holding. However, the negative sentiment score of zero indicates neutral social media chatter, while the 52‑week low of $4.77 and a steep year‑to‑date decline of –94 % underscore the stock’s fragile valuation profile.

What This Means for Investors and the Company’s Future

Workhorse’s negative P/E and P/B ratios, combined with a sharp drop from a $94.80 high, paint a picture of a company that has yet to achieve sustainable profitability. The merger with Motiv was meant to shore up capital, but the stock’s continued volatility raises questions about whether the deal will translate into operational turnaround. Motive’s continued stake could be seen as a vote of confidence, potentially attracting other institutional investors. Conversely, if insiders are selling to rebalance portfolios, it may signal a cautious outlook.

From an investment standpoint, the data suggest a cautious approach. The holding indicates that Motive’s management believes in Workhorse’s long‑term strategy—particularly in e‑VTOL aircraft and delivery drones—yet the lack of a price impact or significant market buzz means that the market remains skeptical. Investors should monitor upcoming quarterly results and any further insider trades for clues on whether the company’s strategic initiatives are gaining traction.

Profile of Motive GM Holdings II, LLC

Motive GM Holdings II, LLC is a holding company that manages a portfolio of investments in the automotive and mobility sectors. Mr. Magness, the managing member, is listed as the beneficial owner of Motive’s shares in Workhorse, reflecting a close alignment between management and shareholder interests. Historically, Motive’s insider filings have shown a preference for long‑term holdings rather than frequent trading, a pattern consistent with its role as a strategic investor. The recent filing confirms that Motive has chosen to maintain its stake, suggesting confidence in Workhorse’s growth trajectory amid a challenging valuation environment.

Overall, Motive’s holding, coupled with the mixed insider activity, provides a nuanced view of Workhorse’s prospects. The company’s strategic initiatives may eventually drive value, but investors should remain vigilant to insider behavior and market sentiment before committing capital.