Jane Reiss - Feb 5, 2022 Form 4 Insider Report for Lordstown Motors Corp. (RIDE)

Role
Director
Signature
/s/ Melissa A. Leonard, Attorney-in-Fact
Stock symbol
RIDE
Transactions as of
Feb 5, 2022
Transactions value $
$0
Form type
4
Date filed
2/8/2022, 04:21 PM
Next filing
May 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIDE Class A Common Stock Options Exercise +2.06K 2.06K Feb 5, 2022 Direct F1
transaction RIDE Class A Common Stock Options Exercise +6.16K +299.95% 8.22K Feb 5, 2022 Direct F1

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 Options Exercise $0 -2.06K -33.34% $0.00 4.11K Feb 5, 2022 Class A Common Stock 2.06K $0.00 Direct F2
transaction RIDE Restricted Stock Units Options Exercise $0 -6.16K -100% $0.00* 0 Feb 5, 2022 Class A Common Stock 6.16K $0.00 Direct F3
transaction RIDE Restricted Stock Units Award $0 +15.9K $0.00 15.9K Feb 5, 2022 Class A Common Stock 15.9K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") convert into Class A common stock on a one-for-one basis.
F2 On February 5, 2021, the reporting person was granted 6,164 RSUs, vesting in three equal annual installments beginning on February 5, 2022.
F3 On February 5, 2021, the reporting person was granted 6,164 RSUs, vesting on February 5, 2022.
F4 15,937 RSUs vest on February 5, 2023. The reporting person has elected to defer receipt of the shares of Class A common stock underlying such RSUs upon vesting until the occurrence of specified events.