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

Role
Director
Signature
/s/ Melissa A. Leonard, Attorney-in-Fact
Issuer symbol
NRDE
Transactions as of
19 May 2023
Net transactions value
$0
Form type
4
Filing time
22 May 2023, 17:57:32 UTC
Previous filing
03 Apr 2023
Next filing
30 May 2023
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 +31,915 +4.2% 788,171 19 May 2023 Direct F1
holding RIDE Class A Common Stock 800,913 19 May 2023 By LLC F2
holding RIDE Class A Common Stock 861,507 19 May 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 -31,915 -100% $0.000000* 0 19 May 2023 Class A Common Stock 31,915 $0.000000 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.