Melissa A. Leonard - Jan 1, 2023 Form 4 Insider Report for Lordstown Motors Corp. (RIDE)

Role
EVP, GEN. COUNSEL & SECRETARY
Signature
/s/ Melissa A. Leonard
Stock symbol
RIDE
Transactions as of
Jan 1, 2023
Transactions value $
-$32,918
Form type
4
Date filed
1/4/2023, 03:25 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 +92.61% 173K Jan 1, 2023 Direct F1
transaction RIDE Class A Common Stock Tax liability -$32.9K -28.9K -16.66% $1.14 144K Jan 1, 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 -83.3K -50% $0.00 83.3K Jan 1, 2023 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 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.