Melissa A. Leonard - 01 Jan 2023 Form 4 Insider Report for Lordstown Motors Corp. (NRDE)

Role: EVP, GEN. COUNSEL & SECRETARY
Signature: /s/ Melissa A. Leonard
Issuer symbol: NRDE
Transactions as of: 01 Jan 2023
Net transactions value: -$32,918
Form type: 4
Filing time: 04 Jan 2023, 15:25:28 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	+93%		173,318	01 Jan 2023	Direct	F1
transaction	RIDE	Class A Common Stock	Tax liability	$32,918	-28,875	-17%	$1.14	144,443	01 Jan 2023	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	-50%	$0.000000	83,334	01 Jan 2023	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 RSUs, which vested on January 1, 2023. 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 January 1, 2022, subject to the Reporting Person's continued employment through each vesting date.