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

Role: CHIEF FINANCIAL OFFICER
Signature: /s/ Melissa A. Leonard, Attorney-in-Fact
Stock symbol: RIDE
Transactions as of: Oct 13, 2022
Transactions value $: -$66,081
Form type: 4
Date filed: 10/14/2022, 05:06 PM
Previous filing: Aug 16, 2022
Next filing: Mar 18, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	RIDE	Class A Common Stock	Options Exercise		+83.3K			83.3K	Oct 13, 2022	Direct	F1
transaction	RIDE	Class A Common Stock	Tax liability	-$66.1K	-36.9K	-44.3%	$1.79	46.4K	Oct 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	-83.3K	-33.33%	$0.00	167K	Oct 13, 2022	Class A Common Stock	83.3K	$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	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.