Burns Stephen S. 4
4 · Lordstown Motors Corp. · Filed Mar 2, 2022
Insider Transaction Report
Form 4
Burns Stephen S.
DirectorChief Executive Officer10% Owner
Transactions
- Sale
Class A Common Stock
2022-02-28$2.56/sh−5,285,000$13,529,600→ 37,862,745 total
Footnotes (2)
- [F1]The price reported in column 4 is a weighted average price. The shares of Class A Common Stock were sold in multiple transactions at prices ranging from $2.32 to $2.97, inclusive. The Reporting Person undertakes to provide Lordstown Motors Corp., any shareholder of Lordstown Motors Corp. or the SEC staff, upon request, full information of the number of shares sold at each price within the range.
- [F2]On January 11, 2022 upon the termination of a grantor retained annuity trust (GRAT), of which the Reporting Person was the trustee and sole annuiant, 13,906,553 shares of Class A Common Stock were transferred to the Reporting Person's direct ownership and are shown on this Form 4 as directly owned. These shares were shown as indirectly owned by GRAT on the Reporting Person's last Form 4.