Stephen S. Burns - Feb 28, 2022 Form 4 Insider Report for Lordstown Motors Corp. (RIDE)

Role
10%+ Owner
Signature
/s/ Robert M. Loesch, by power of attorney
Stock symbol
RIDE
Transactions as of
Feb 28, 2022
Transactions value $
-$13,529,600
Form type
4
Date filed
3/2/2022, 11:00 AM
Previous filing
Nov 16, 2021
Next filing
Mar 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIDE Class A Common Stock Sale -$13.5M -5.29M -12.25% $2.56 37.9M Feb 28, 2022 Direct F1, 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 of Class A Common Stock were sold in multiple transactions at prices ranging from $2.32 to $2.97, inclusive. The Reporting Person undertakes to provide Lordstown Motors Corp., any shareholder of Lordstown Motors Corp. or the SEC staff, upon request, full information of the number of shares sold at each price within the range.
F2 On January 11, 2022 upon the termination of a grantor retained annuity trust (GRAT), of which the Reporting Person was the trustee and sole annuiant, 13,906,553 shares of Class A Common Stock were transferred to the Reporting Person's direct ownership and are shown on this Form 4 as directly owned. These shares were shown as indirectly owned by GRAT on the Reporting Person's last Form 4.