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

Role
10%+ Owner
Signature
/s/ Robert M. Loesch, Attorney-in-Fact
Issuer symbol
NRDE
Transactions as of
12 Nov 2021
Net transactions value
-$18,839,520
Form type
4
Filing time
16 Nov 2021, 13:36:26 UTC
Next filing
02 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIDE Class A Common Stock Sale $18,839,520 -3,204,000 -9.9% $5.88 29,241,192 12 Nov 2021 Direct F1
holding RIDE Class A Common Stock 13,906,553 12 Nov 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.