David T. Hamamoto - May 19, 2023 Form 4 Insider Report for Lordstown Motors Corp. (RIDE)

Role
Director
Signature
/s/ Melissa A. Leonard, Attorney-in-Fact
Stock symbol
RIDE
Transactions as of
May 19, 2023
Transactions value $
$0
Form type
4
Date filed
5/22/2023, 05:57 PM
Previous filing
Apr 3, 2023
Next filing
May 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction RIDE Class A Common Stock Options Exercise +31.9K +4.22% 788K May 19, 2023 Direct F1
holding RIDE Class A Common Stock 801K May 19, 2023 By LLC F2
holding RIDE Class A Common Stock 862K May 19, 2023 By GRAT F3

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 -31.9K -100% $0.00* 0 May 19, 2023 Class A Common Stock 31.9K $0.00 Direct F4
* 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 Shares are held by DiamondHead Partners LLC, of which the reporting person is the sole managing member.
F3 Shares are held by the David T. Hamamoto GRAT 2019-SPAC, which is a grantor- retained annuity trust of which the reporting person is the trustee and sole annuitant.
F4 On May 19 2022, the reporting person was granted 31,915 RSUs vesting on May 19, 2023.