4//SEC Filing
Kroll Adam B 4
Accession 0001104659-24-035629
CIK 0001759546other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 5:08 PM ET
Size
19.8 KB
Accession
0001104659-24-035629
Insider Transaction Report
Form 4
NU RIDE INC.NRDE
Kroll Adam B
CHIEF FINANCIAL OFFICER
Transactions
- Exercise/Conversion
Class A common stock
2024-03-14+11,111→ 14,205 total - Tax Payment
Class A common stock
2024-03-14−3,765→ 10,440 total - Tax Payment
Class A common stock
2024-03-14−6,228→ 22,212 total - Award
Class A common stock
2024-03-14+6,000→ 28,212 total - Tax Payment
Class A common stock
2024-03-14−2,076→ 26,136 total - Exercise/Conversion
Restricted Stock Units
2024-03-14−18,000→ 0 totalExercise: $0.00→ Class A Common Stock (18,000 underlying) - Exercise/Conversion
Class A common stock
2024-03-14+18,000→ 28,440 total - Exercise/Conversion
Restricted Stock Units
2024-03-14−11,111→ 0 totalExercise: $0.00→ Class A Common Stock (11,111 underlying)
Footnotes (7)
- [F1]Restricted stock units ("RSUs") convert into Class A common stock on a one-for-one basis.
- [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.
- [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.
- [F4]PSUs convert into Class A common stock on a one-for-one basis.
- [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.
- [F6]On October 13, 2021, the reporting person was granted 16,666 RSUs, vesting in three equal annual installments beginning on October 13, 2022. 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.
- [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.
Documents
Issuer
NU RIDE INC.
CIK 0001759546
Entity typeother
Related Parties
1- filerCIK 0001861641
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 5:08 PM ET
- Size
- 19.8 KB