4//SEC Filing
Reiss Jane 4
Accession 0001104659-24-035650
CIK 0001759546other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 5:17 PM ET
Size
16.6 KB
Accession
0001104659-24-035650
Insider Transaction Report
Form 4
NU RIDE INC.NRDE
Reiss Jane
Director
Transactions
- Exercise/Conversion
Class A common stock
2024-03-14+136→ 820 total - Exercise/Conversion
Class A common stock
2024-03-14+1,062→ 1,882 total - Exercise/Conversion
Restricted Stock Units
2024-03-14−136→ 0 totalExercise: $0.00→ Class A Common Stock (136 underlying) - Exercise/Conversion
Class A common stock
2024-03-14+2,127→ 4,009 total - Exercise/Conversion
Restricted Stock Units
2024-03-14−1,062→ 0 totalExercise: $0.00→ Class A Common Stock (1,062 underlying) - Exercise/Conversion
Restricted Stock Units
2024-03-14−2,127→ 0 totalExercise: $0.00→ Class A Common Stock (2,127 underlying)
Footnotes (5)
- [F1]Restricted stock units ("RSUs") convert into Class A common stock on a one-for-one basis.
- [F2]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.
- [F3]On February 5, 2021, the reporting person was granted 410 RSUs, vesting in three equal annual installments beginning on February 5, 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.
- [F4]On February 5, 2022, the reporting person was granted 1,062 RSUs, vesting on May 19, 2022. The reporting person had elected to defer receipt of the shares of Class A common stock underlying such RSUs upon vesting until the occurrence of specified events. The reporting person resigned from the Issuer's Board of Directors on the Effective Date, and the shares of Class A common stock underlying such RSUs were settled in connection therewith.
- [F5]On May 19, 2022, the reporting person was granted 2,127 RSUs, vesting on May 19, 2023. The reporting person had elected to defer receipt of the shares of Class A common stock underlying such RSUs upon vesting until the occurrence of specified events. The reporting person resigned from the Issuer's Board of Directors on the Effective Date, and the shares of Class A common stock underlying such RSUs were settled in connection therewith.
Documents
Issuer
NU RIDE INC.
CIK 0001759546
Entity typeother
Related Parties
1- filerCIK 0001827680
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 5:17 PM ET
- Size
- 16.6 KB