Donna Bell - Jul 11, 2022 Form 4 Insider Report for Lordstown Motors Corp. (RIDE)

Role
EVP, PROD CRTN, ENG & SUPP CHN
Signature
/s/ Melissa A. Leonard, Attorney-in-Fact
Stock symbol
RIDE
Transactions as of
Jul 11, 2022
Transactions value $
$0
Form type
4
Date filed
7/13/2022, 05:04 PM
Next filing
Mar 18, 2024

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 +520K $0.00 520K Jul 11, 2022 Class A Common Stock 520K $0.00 Direct F1
transaction RIDE Employee Stock Options Award $0 +90K $0.00 90K Jul 11, 2022 Class A Common Stock 90K $2.25 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 520,000 restricted stock units ("RSUs") granted upon the commencement of the reporting person's employment on July 11, 2022 (consisting of an inducement grant of 250,000 RSUs and an annual grant of 270,000 RSUs) vest in three installments, with 240,000 RSUs vesting on August 15, 2023, 165,000 RSUs vesting on August 15, 2024 and 115,000 RSUs vesting on August 15, 2025, subject to the reporting person's continued employment through each such vesting date.
F2 90,000 stock options granted upon the commencement of the reporting person's employment on July 11, 2022 vest in three equal annual installments beginning on August 15, 2023, subject to the reporting person's continued employment through each vesting date.