Dale Gene Spencer - 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, 07:47 PM
Previous filing
Feb 8, 2022
Next filing
Feb 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding RIDE Class A Common Stock 8.22K May 19, 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 +31.9K $0.00 31.9K May 19, 2022 Class A Common Stock 31.9K $0.00 Direct F1
transaction RIDE Stock Options Award $0 +31.9K $0.00 31.9K May 19, 2022 Class A Common Stock 31.9K $2.35 Direct F2
holding RIDE Restricted Stock Units 15.9K May 19, 2022 Class A Common Stock 15.9K $0.00 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 31,915 restricted stock units ("RSUs") vest on May 19, 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.
F2 31,915 stock options vest on May 19, 2023.
F3 These RSUs were initially reported as vesting on February 5, 2023 and instead vested on the annual stockholder meeting date of May 19, 2022. The reporting person had elected to defer receipt of the shares of Class A common stock underlying such RSUs upon vesting until the occurrence of specified events. There is no reportable change since the reporting person's last filing, and this is a reiteration of the reporting person's holdings only.