DANIEL A. NINIVAGGI - 26 Aug 2021 Form 4 Insider Report for Lordstown Motors Corp. (NRDE)

Role
CHIEF EXECUTIVE OFFICER, Director
Signature
/s/ Thomas V. Canepa, Attorney-in-Fact
Issuer symbol
NRDE
Transactions as of
26 Aug 2021
Net transactions value
+$3,857,000
Form type
4
Filing time
27 Aug 2021, 16:20:41 UTC
Previous filing
02 Jul 2021
Next filing
04 Mar 2022
SEC
View on sec.gov

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 +700,000 $0.000000 700,000 26 Aug 2021 Class A Common Stock 700,000 $0.000000 Direct F1
transaction RIDE Employee Stock Options Award $3,857,000 +700,000 $5.51 700,000 26 Aug 2021 Class A Common Stock 700,000 $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.