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

Role
CHIEF FINANCIAL OFFICER
Signature
/s/ Thomas V. Canepa, Attorney-in-Fact
Stock symbol
RIDE
Transactions as of
Oct 25, 2021
Transactions value $
$0
Form type
3
Date filed
10/25/2021, 05:08 PM
Previous filing
Jul 16, 2021
Next filing
Aug 16, 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
holding RIDE Restricted Stock Units Oct 25, 2021 Class A Common Stock 250K $0.00 Direct F1
holding RIDE Employee Stock Options Oct 25, 2021 Class A Common Stock 200K $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.