Stephen S. Burns - 06 Jan 2023 Form 4 Insider Report for Lordstown Motors Corp. (RIDE)

Role
10%+ Owner
Signature
/s/ Robert M. Loesch. by power of attorney
Issuer symbol
RIDE
Transactions as of
06 Jan 2023
Transactions value $
-$4,350,000
Form type
4
Filing time
10 Jan 2023, 13:00:15 UTC
Previous filing
15 Nov 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 -$4.35M -5M -18.74% $0.87 21.7M 06 Jan 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Stephen S. Burns is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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 on January 6, 2023 at prices ranging from $0.95 to $0.87. 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.