Leonard Melissa A. 4

4 · Lordstown Motors Corp. · Filed Jan 4, 2022

Form 4

Period: 2022-01-01

EVP, GEN. COUNSEL & SECRETARY

Transactions

Award
Restricted Stock Units
2022-01-01+250,000→ 250,000 total
Exercise: $0.00→ Class A Common Stock (250,000 underlying)
Award
Employee Stock Options
2022-01-01+200,000→ 200,000 total
Exercise: $3.45Exp: 2032-01-01→ Class A Common Stock (200,000 underlying)
Exercise/Conversion
Class A Common Stock
2022-01-01+83,333→ 117,379 total
Tax Payment
Class A Common Stock
2022-01-01$3.45/sh−27,394$94,509→ 89,985 total
Exercise/Conversion
Restricted Stock Units
2022-01-01−83,333→ 166,667 total
Exercise: $0.00→ Class A Common Stock (83,333 underlying)

Footnotes (3)

[F1]Restricted stock units convert into Class A Common Stock on a one-for-one basis.
[F2]250,000 restricted stock units granted upon commencement of the reporting person's employment on January 1, 2022 vest in three equal annual installments beginning on January 1, 2022, subject to the reporting person's continued employment through each vesting date.
[F3]200,000 stock options granted upon commencement of the reporting person's employment on January 1, 2022 vest in three equal annual installments beginning on January 1, 2022, subject to the reporting person's continued employment through each vesting date.

Documents

1 file