Daniel A. Ninivaggi - Aug 26, 2021 Form 4 Insider Report for Lordstown Motors Corp. (RIDE)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Thomas V. Canepa, Attorney-in-Fact
Stock symbol
RIDE
Transactions as of
Aug 26, 2021
Transactions value $
$3,857,000
Form type
4
Date filed
8/27/2021, 04:20 PM
Previous filing
Jul 2, 2021
Next filing
Mar 4, 2022

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 Restricted Stock Units Award $0 +700K $0.00 700K Aug 26, 2021 Class A Common Stock 700K $0.00 Direct F1
transaction RIDE Employee Stock Options Award $3.86M +700K $5.51 700K Aug 26, 2021 Class A Common Stock 700K $5.51 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 700,000 restricted stock units vest in three equal annual installments beginning on August 26, 2022, subject to the reporting person's continued employment through each vesting date.
F2 700,000 stock options vest in three equal annual installments beginning on August 26, 2022, subject to the reporting person's continued employment through each vesting date.