Schmidt Phil Richard 4
4 · Lordstown Motors Corp. · Filed Feb 4, 2021
Insider Transaction Report
Form 4
Schmidt Phil Richard
President
Transactions
- Exercise/Conversion
Class A Common Stock
2021-02-03$1.79/sh+50,000$89,500→ 59,366 total - Sale
Class A Common Stock
2021-02-03$27.44/sh−50,000$1,372,000→ 9,366 total - Exercise/Conversion
Non-Qualified Stock Options (Right to Buy)
2021-02-02−150,000→ 466,444 totalExercise: $1.79Exp: 2029-10-31→ Class A Common Stock (150,000 underlying) - Exercise/Conversion
Non-Qualified Stock Options (Right to Buy)
2021-02-03−50,000→ 416,444 totalExercise: $1.79Exp: 2029-10-31→ Class A Common Stock (50,000 underlying) - Exercise/Conversion
Class A Common Stock
2021-02-02$1.79/sh+150,000$268,500→ 170,878 total - Sale
Class A Common Stock
2021-02-02$24.51/sh−150,000$3,676,500→ 20,878 total - Sale
Class A Common Stock
2021-02-02$25.02/sh−11,512$288,030→ 9,366 total
Holdings
- 167,645
Incentive Stock Options (Right to Buy)
Exercise: $1.79Exp: 2029-10-31→ Class A Common Stock (167,645 underlying)
Footnotes (5)
- [F1]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $24.50 to $24.63, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.00 to $25.10, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4.
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.40 to $27.55, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnote to this Form 4.
- [F4]213,018 options are fully vested and exercisable, and 203,426 options vest on November 1, 2021.
- [F5]111,764 options are fully vested and exercisable, and 55,881 options vest on November 1, 2021.