DANIEL A. NINIVAGGI - 15 Aug 2022 Form 4 Insider Report for Lordstown Motors Corp. (NRDE)

Role
EXECUTIVE CHAIRMAN, Director
Signature
/s/ Melissa A. Leonard, Attorney-in-Fact
Issuer symbol
NRDE
Transactions as of
15 Aug 2022
Net transactions value
$0
Form type
4
Filing time
16 Aug 2022, 16:19:50 UTC
Previous filing
31 May 2022
Next filing
29 Aug 2022
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 RIDEQ Restricted Stock Units Award $0 +225,000 $0.000000 225,000 15 Aug 2022 Class A Common Stock 225,000 $0.000000 Direct F1
transaction RIDEQ Employee Stock Options Award $0 +112,500 $0.000000 112,500 15 Aug 2022 Class A Common Stock 112,500 $3.45 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 225,000 restricted stock units vest in three equal annual installments beginning on August 15, 2023, subject to the Reporting Person's continued employment through each vesting date.
F2 112,500 stock options vest in three equal annual installments beginning on August 15, 2023, subject to the Reporting Person's continued employment through each vesting date.