Edward T. Hightower - Nov 29, 2021 Form 3 Insider Report for Lordstown Motors Corp. (RIDE)

Role
President
Signature
/s/ Thomas V. Canepa, Attorney-in-Fact
Stock symbol
RIDE
Transactions as of
Nov 29, 2021
Transactions value $
$0
Form type
3
Date filed
11/29/2021, 03:32 PM
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 Nov 29, 2021 Class A Common Stock 500K $0.00 Direct F1
holding RIDE Employee Stock Options Nov 29, 2021 Class A Common Stock 500K $5.69 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 500,000 restricted stock units granted upon commencement of the reporting person's employment on November 9, 2021 vest in three equal annual installments beginning on November 9, 2022, subject to the reporting person's continued employment through each vesting date.
F2 500,000 stock options granted upon commencement of the reporting person's employment on November 9, 2021 vest in three equal annual installments beginning on November 9, 2022, subject to the reporting person's continued employment through each vesting date.