Adam B. Kroll - 25 Oct 2021 Form 3 Insider Report for Lordstown Motors Corp. (NRDE)

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Thomas V. Canepa, Attorney-in-Fact
Issuer symbol
NRDE
Transactions as of
25 Oct 2021
Net transactions value
$0
Form type
3
Filing time
25 Oct 2021, 17:08:53 UTC
Previous filing
16 Jul 2021
Next filing
16 Aug 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
holding RIDE Restricted Stock Units 25 Oct 2021 Class A Common Stock 250,000 $0.000000 Direct F1
holding RIDE Employee Stock Options 25 Oct 2021 Class A Common Stock 200,000 $5.12 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 250,000 restricted stock units granted upon commencement of the reporting person's employment on October 13, 2021 vest in three equal annual installments beginning on October 13, 2022, subject to the reporting person's continued employment through each vesting date.
F2 200,000 stock options granted upon commencement of the reporting person's employment on October 13, 2021 vest in three equal annual installments beginning on October 13, 2022, subject to the reporting person's continued employment through each vesting date.