Edward T. Hightower - Aug 15, 2022 Form 4 Insider Report for Lordstown Motors Corp. (RIDE)

Role
CEO & PRESIDENT, Director
Signature
/s/ Melissa A. Leonard, Attorney-in-Fact
Stock symbol
RIDE
Transactions as of
Aug 15, 2022
Transactions value $
$0
Form type
4
Date filed
8/16/2022, 04:22 PM
Previous filing
Nov 29, 2021
Next filing
Aug 29, 2022

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 +600K $0.00 600K Aug 15, 2022 Class A Common Stock 600K $0.00 Direct F1
transaction RIDE Employee Stock Options Award $0 +300K $0.00 300K Aug 15, 2022 Class A Common Stock 300K $3.45 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 600,000 restricted stock units vest in three equal annual installments beginning on August 15, 2023, subject to the Reporting Person's continued employment through each vesting date.
F2 300,000 stock options vest in three equal annual installments beginning on August 15, 2023, subject to the Reporting Person's continued employment through each vesting date.