Melissa A. Leonard - Jan 1, 2022 Form 4 Insider Report for Lordstown Motors Corp. (RIDE)

Role
EVP, GEN. COUNSEL & SECRETARY
Signature
/s/ Janet Spreen, Attorney-in-Fact
Stock symbol
RIDE
Transactions as of
Jan 1, 2022
Transactions value $
-$94,509
Form type
4
Date filed
1/4/2022, 07:52 PM
Next filing
Aug 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIDE Class A Common Stock Options Exercise +83.3K +244.77% 117K Jan 1, 2022 Direct F1
transaction RIDE Class A Common Stock Tax liability -$94.5K -27.4K -23.34% $3.45 90K Jan 1, 2022 Direct

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 +250K $0.00 250K Jan 1, 2022 Class A Common Stock 250K $0.00 Direct F2
transaction RIDE Restricted Stock Units Options Exercise $0 -83.3K -33.33% $0.00 167K Jan 1, 2022 Class A Common Stock 83.3K $0.00 Direct F2
transaction RIDE Employee Stock Options Award $0 +200K $0.00 200K Jan 1, 2022 Class A Common Stock 200K $3.45 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into Class A Common Stock on a one-for-one basis.
F2 250,000 restricted stock units granted upon commencement of the reporting person's employment on January 1, 2022 vest in three equal annual installments beginning on January 1, 2022, subject to the reporting person's continued employment through each vesting date.
F3 200,000 stock options granted upon commencement of the reporting person's employment on January 1, 2022 vest in three equal annual installments beginning on January 1, 2022, subject to the reporting person's continued employment through each vesting date.