Key facts
- This page summarizes Melissa A. Leonard's Form 4 filing for NU RIDE INC. (NRDE).
- 8 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 18 Mar 2024, 17:20.
Melissa A. Leonard - 14 Mar 2024 Form 4 Insider Report for NU RIDE INC. (NRDE)
- Reporting relationship
- FMR EVP, GEN. COUNSEL & SECR
- Issuer ticker
- NRDE
- Reported as of
- 14 Mar 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 18 Mar 2024, 17:20:15 UTC
- Prior SEC filing
- 04 Jan 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Melissa A. Leonard
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Melissa A. Leonard filed Form 4 for NU RIDE INC. (NRDE) on 18 Mar 2024.
Change
- Previous filing in this sequence was filed on 04 Jan 2023.
- 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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
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
- +5,555
- Change %
- +58%
- Price
- Shares after
- 15,184
- Date
- 14 Mar 2024
- Ownership
- Direct
- Footnotes
- F1
NRDE
transaction
Class A common stock
Tax liability
- Transaction value
- Shares
- -1,925
- Change %
- -13%
- Price
- Shares after
- 13,259
- Date
- 14 Mar 2024
- Ownership
- Direct
- Footnotes
- F1, F2
NRDE
transaction
Class A common stock
Options Exercise
- Transaction value
- Shares
- +18,000
- Change %
- +136%
- Price
- Shares after
- 31,259
- Date
- 14 Mar 2024
- Ownership
- Direct
- Footnotes
- F1
NRDE
transaction
Class A common stock
Tax liability
- Transaction value
- Shares
- -6,237
- Change %
- -20%
- Price
- Shares after
- 25,022
- Date
- 14 Mar 2024
- Ownership
- Direct
- Footnotes
- F1, F2
NRDE
transaction
Class A common stock
Award
- Transaction value
- Shares
- +6,000
- Change %
- +24%
- Price
- Shares after
- 31,022
- Date
- 14 Mar 2024
- Ownership
- Direct
- Footnotes
- F3, F4
NRDE
transaction
Class A common stock
Tax liability
- Transaction value
- Shares
- -2,079
- Change %
- -6.7%
- Price
- Shares after
- 28,943
- Date
- 14 Mar 2024
- Ownership
- Direct
- Footnotes
- F2, F4
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
- -5,555
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 14 Mar 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 5,555
- Exercise price
- $0.000000
- Footnotes
- F5, F6
NRDE
transaction
Derivative
Restricted Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -18,000
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 14 Mar 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 18,000
- Exercise price
- $0.000000
- Footnotes
- F5, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Melissa A. Leonard is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 7 footnotes
Footnote F1
Restricted stock units ("RSUs") convert into Class A common stock on a one-for-one basis.
Footnote F2
Represents shares withheld by the Issuer to satisfy the reporting person's tax withholding obligation upon the settlement of previously reported RSUs or PSUs, as applicable, which vested and settled on the Effective Date (as defined below). This does not represent a sale by the reporting person.
Footnote F3
On August 15, 2022, the reporting person was granted 6,000 performance stock units ("PSUs"), vesting upon the satisfaction of certain performance criteria. Vesting and settlement of awards that would occur after the Effective Date was accelerated in connection with the reporting person's termination of employment pursuant to the reporting person's severance agreement with the Issuer. The reporting person's employment terminated on December 29, 2023, however settlement of such awards could not occur until the Effective Date.
Footnote F4
PSUs convert into Class A common stock on a one-for-one basis.
Footnote F5
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 F6
On January 1, 2022, the reporting person was granted 16,666 RSUs, vesting in three equal annual installments beginning on January 1, 2022. 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 F7
On August 15, 2022, the reporting person was granted 18,000 RSUs, vesting in three equal annual installments beginning on August 15, 2023. Vesting and settlement of awards (i) that was to occur during the pendency of the Chapter 11 Cases was stayed during that period until the Effective Date, and (ii) that would occur after the Effective Date was accelerated in connection with the reporting person's termination of employment pursuant to the reporting person's severance agreement with the Issuer. The reporting person's employment terminated on December 29, 2023, however settlement of such awards could not occur until the Effective Date.