David T. Hamamoto - 14 Mar 2024 Form 4 Insider Report for NU RIDE INC. (NRDE)

Reporting relationship: Director
Issuer ticker: NRDE
Reported as of: 14 Mar 2024
Net transaction value: $0
SEC form: 4
Accepted by SEC: 18 Mar 2024, 17:11:31 UTC
Prior SEC filing: 28 Feb 2024
Source filing: View source filing
Reporting owner signature: /s/ Melissa A. Leonard, Attorney-in-Fact

Key filing fact

David T. Hamamoto filed Form 4 for NU RIDE INC. (NRDE) on 18 Mar 2024.

Key facts

This page summarizes David T. Hamamoto's Form 4 filing for NU RIDE INC. (NRDE).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 18 Mar 2024, 17:11.

Change

Previous filing in this sequence was filed on 28 Feb 2024.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

NRDE transaction

Class A common stock

Options Exercise

Transaction value
Shares: +410
Change %: +0.37%
Price
Shares after: 110,388
Date: 14 Mar 2024
Ownership: Direct
Footnotes: F1, F2

NRDE transaction

Class A common stock

Options Exercise

Transaction value
Shares: +410
Change %: +0.37%
Price
Shares after: 110,798
Date: 14 Mar 2024
Ownership: Direct
Footnotes: F1

NRDE holding

Class A common stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 53,394
Date: 14 Mar 2024
Ownership: By LLC
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

NRDE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -410
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 14 Mar 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 410
Exercise price: $0.000000
Footnotes: F4, F5

NRDE transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -410
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 14 Mar 2024
Ownership: Direct
Underlying class: Class A Common Stock
Underlying amount: 410
Exercise price: $0.000000
Footnotes: F4, F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

David T. Hamamoto is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 6 footnotes

Footnote F1

Restricted stock units ("RSUs") convert into Class A common stock on a one-for-one basis.

Footnote F2

Amount also includes 57,433 shares previously reported as held indirectly by the David T. Hamamoto GRAT 2019-SPAC (the "GRAT"), which was a grantor-retained annuity trust of which the reporting person was the trustee and sole annuitant, which distributed the shares in satisfaction of its final annuity obligation on June 7, 2023.

Footnote F3

Shares are held by DiamondHead Partners LLC, of which the reporting person is the sole managing member.

Footnote F4

On June 27, 2023, Lordstown Motors Corp., a Delaware corporation, together with its subsidiaries (collectively, the "Debtors"), filed voluntary petitions for relief (the "Chapter 11 Cases") under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). On March 5, 2024, the Bankruptcy Court entered an order (the "Confirmation Order") confirming the Third Modified First Amended Joint Chapter 11 Plan of Lordstown Motors Corp. and Its Affiliated Debtors (as may be further modified, amended, or supplemented, the "Plan"). On March 14, 2024 (the "Effective Date"), the Plan was consummated and became effective in accordance with its terms, and the Debtors emerged from the Chapter 11 Cases with the Company changing its name to Nu Ride Inc.

Footnote F5

On February 5, 2021, the reporting person was granted 410 RSUs, vesting on February 5, 2022. The reporting person had elected to defer receipt of the shares of Class A common stock underlying such RSUs upon vesting until the earlier of January 30, 2024 or the occurrence of specified events. Vesting and settlement of awards that was to occur during the pendency of the Chapter 11 Cases was stayed during that period until the Effective Date.

Footnote F6

On February 5, 2021, the reporting person was granted 410 RSUs, vesting in three equal annual installments beginning on February 5, 2022. The reporting person had elected to defer receipt of the shares of Class A common stock underlying such RSUs upon vesting until the earlier of January 30, 2026 or the occurrence of specified events. The reporting person resigned from the Issuer's Board of Directors on the Effective Date, and the shares of Class A common stock underlying such RSUs were settled in connection therewith.