David T. Hamamoto - May 19, 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
May 19, 2022
Transactions value $
$0
Form type
4
Date filed
5/23/2022, 07:24 PM
Previous filing
Feb 8, 2022
Next filing
Jan 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIDE Class A Common Stock Options Exercise +15.9K +20.94% 92.1K May 19, 2022 Direct F1
holding RIDE Class A Common Stock 801K May 19, 2022 By LLC F2
holding RIDE Class A Common Stock 1.53M May 19, 2022 By GRAT F3

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 -15.9K -100% $0.00* 0 May 19, 2022 Class A Common Stock 15.9K $0.00 Direct F4
transaction RIDE Restricted Stock Units Award $0 +31.9K $0.00 31.9K May 19, 2022 Class A Common Stock 31.9K $0.00 Direct F5
transaction RIDE Stock Options Award $0 +31.9K $0.00 31.9K May 19, 2022 Class A Common Stock 31.9K $2.35 Direct F6
* 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 Shares are held by DiamondHead Partners LLC, of which the reporting person is the sole managing member.
F3 Shares are held by the David T. Hamamoto GRAT 2019-SPAC, which is a grantor- retained annuity trust of which the reporting person is the trustee and sole annuitant.
F4 These RSUs were initially reported as vesting on February 5, 2023 and instead vested on the annual stockholder meeting date of May 19, 2022.
F5 31,915 RSUs vest on May 19, 2023.
F6 31,915 stock options vest on May 19, 2023.