Stephen S. Burns - Nov 12, 2021 Form 4 Insider Report for Lordstown Motors Corp. (RIDE)

Role
10%+ Owner
Signature
/s/ Robert M. Loesch, Attorney-in-Fact
Stock symbol
RIDE
Transactions as of
Nov 12, 2021
Transactions value $
-$18,839,520
Form type
4
Date filed
11/16/2021, 01:36 PM
Next filing
Mar 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIDE Class A Common Stock Sale -$18.8M -3.2M -9.88% $5.88 29.2M Nov 12, 2021 Direct F1
holding RIDE Class A Common Stock 13.9M Nov 12, 2021 By GRAT F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in column 4 is a weighted average price. The shares Class A Common Stock were sold in multiple transactions at prices ranging from $5.60 to $6.28, inclusive. The Reporting Person undertakes to provide to Lordstown Motor Corp., any shareholder of Lordstown Motor Corp. or the SEC staff, upon request, full information of the number of shares sold at each price within the range.
F2 The shares are held in a grantor-retained annuity trust of which the Reporting Person is trustee and sole annuiant.