Ritson-Parsons Jane 4
4 · Lordstown Motors Corp. · Filed Jun 15, 2022
Insider Transaction Report
Form 4
Ritson-Parsons Jane
CHIEF OPERATING OFFICER
Transactions
- Exercise/Conversion
Class A Common Stock
2022-06-13+116,667→ 116,667 total - Sale
Class A Common Stock
2022-06-13$1.61/sh−36,193$58,271→ 80,474 total - Exercise/Conversion
Restricted Stock Units
2022-06-13−116,667→ 233,333 totalExercise: $0.00→ Class A Common Stock (116,667 underlying)
Footnotes (3)
- [F1]Restricted stock units ("RSUs") convert into Class A Common Stock on a one-for-one basis.
- [F2]The sale reported in this Form 4 represents shares automatically sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs and does not represent a discretionary sale by the Reporting Person.
- [F3]350,000 RSUs vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the Reporting Person's continued employment through each vesting date.