Adam B. Kroll - 13 Oct 2022 Form 4 Insider Report for Lordstown Motors Corp. (NRDE)

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Melissa A. Leonard, Attorney-in-Fact
Issuer symbol: NRDE
Transactions as of: 13 Oct 2022
Net transactions value: -$66,081
Form type: 4
Filing time: 14 Oct 2022, 17:06:08 UTC
Previous filing: 16 Aug 2022
Next filing: 18 Mar 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIDE	Class A Common Stock	Options Exercise		+83,333			83,333	13 Oct 2022	Direct	F1
transaction	RIDE	Class A Common Stock	Tax liability	$66,081	-36,917	-44%	$1.79	46,416	13 Oct 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	-83,333	-33%	$0.000000	166,667	13 Oct 2022	Class A Common Stock	83,333	$0.000000	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	Represents shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligation upon the settlement of previously reported restricted stock units, which vested on October 13, 2022. This does not represent a sale by the Reporting Person.
F3	The initial award amount of 250,000 RSUs vests in three equal annual installments beginning on October 13, 2022, subject to the Reporting Person's continued employment through each vesting date.