Phil Richard Schmidt - Jun 13, 2021 Form 4 Insider Report for Lordstown Motors Corp. (RIDE)

Role
PRESIDENT
Signature
/s/ Thomas V. Canepa, Attorney-in-Fact
Stock symbol
RIDE
Transactions as of
Jun 13, 2021
Transactions value $
$0
Form type
4
Date filed
6/15/2021, 06:42 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RIDE Class A Common Stock 9.37K Jun 13, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction RIDE Employee Stock Options Award $0 +500K $0.00 500K Jun 13, 2021 Class A Common Stock 500K $11.41 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options vest pro rata on a monthly basis ending on the third anniversary of the grant date if the daily volume weighted average trading price of the Company's Class A common stock has exceeded $20 for at least 30 consecutive trading days.