Kevork Tro Adjemian - Aug 30, 2021 Form 4 Insider Report for Electric Last Mile Solutions, Inc. (ELMSQ)

Role: Chief Technical Officer
Signature: /s/ Benjamin Wu, attorney-in-fact for Kevork Tro Adjemian
Stock symbol: ELMSQ
Transactions as of: Aug 30, 2021
Transactions value $: $0
Form type: 4
Date filed: 9/1/2021, 05:11 PM
Previous filing: Jun 29, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ELMSQ	Common Stock						55K	Aug 30, 2021	by KA Trust	F1

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	ELMSQ	Employee Restricted Stock Unit	Award	$0	+37.5K		$0.00	37.5K	Aug 30, 2021	Common Stock	37.5K		Direct	F2, F3
transaction	ELMSQ	Earnout Restricted Stock Unit	Award	$0	+40K		$0.00	40K	Aug 30, 2021	Common Stock	40K		Direct	F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person has sole voting and investment power with respect to the shares of common stock held by the KA Trust.
F2	Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting.
F3	Restricted stock units will vest with respect to 33 1/3% on each of January 2, 2022, January 2, 2023 and January 2, 2024, subject to continued employment.
F4	50% of the restricted stock units will be deemed earned and vested if the closing price per share of common stock of the Issuer on any 20 trading days in any 30-consecutive day trading period equals or exceeds (i) $14.00 or (ii) $16.00, respectively, subject to continued employment.