Kroll Adam B 4
4 · Lordstown Motors Corp. · Filed Oct 14, 2022
Insider Transaction Report
Form 4
Kroll Adam B
CHIEF FINANCIAL OFFICER
Transactions
- Tax Payment
Class A Common Stock
2022-10-13$1.79/sh−36,917$66,081→ 46,416 total - Exercise/Conversion
Restricted Stock Units
2022-10-13−83,333→ 166,667 totalExercise: $0.00→ Class A Common Stock (83,333 underlying) - Exercise/Conversion
Class A Common Stock
2022-10-13+83,333→ 83,333 total
Footnotes (3)
- [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 restricted stock units, which vested on October 13, 2022. This does not represent a sale by the Reporting Person.
- [F3]The initial award amount of 250,000 RSUs vests in three equal annual installments beginning on October 13, 2022, subject to the Reporting Person's continued employment through each vesting date.