Thomas M. Dono Jr. - 01 Nov 2021 Form 4 Insider Report for Electric Last Mile Solutions, Inc.

Role
Ch. Legal Officer & Corp. Sec.
Signature
/s/ Thomas M. Dono, Jr.
Issuer symbol
N/A
Transactions as of
01 Nov 2021
Net transactions value
$0
Form type
4
Filing time
02 Nov 2021, 15:39:19 UTC
SEC
View on sec.gov

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 +100,000 $0.000000 100,000 01 Nov 2021 Common Stock 100,000 Direct F1, F2
transaction ELMSQ Earnout Restricted Stock Unit Award $0 +100,000 $0.000000 100,000 01 Nov 2021 Common Stock 100,000 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting.
F2 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.
F3 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.