Jane Ritson-Parsons - Jun 13, 2022 Form 4 Insider Report for Lordstown Motors Corp. (RIDE)

Role: EVP, CHIEF COMMERCIAL OFFICER
Signature: /s/ Melissa A. Leonard, Attorney-in-Fact
Stock symbol: RIDE
Transactions as of: Jun 13, 2022
Transactions value $: -$58,271
Form type: 4
Date filed: 6/15/2022, 05:08 PM
Previous filing: Jun 21, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIDE	Class A Common Stock	Options Exercise		+117K			117K	Jun 13, 2022	Direct	F1
transaction	RIDE	Class A Common Stock	Sale	-$58.3K	-36.2K	-31.02%	$1.61	80.5K	Jun 13, 2022	Direct	F2

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	-117K	-33.33%	$0.00	233K	Jun 13, 2022	Class A Common Stock	117K	$0.00	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 ("RSUs") convert into Class A Common Stock on a one-for-one basis.
F2	The sale reported in this Form 4 represents shares automatically sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs and does not represent a discretionary sale by the Reporting Person.
F3	350,000 RSUs vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the Reporting Person's continued employment through each vesting date.