Hightower Edward T. 4
4 · Lordstown Motors Corp. · Filed Nov 14, 2022
Insider Transaction Report
Form 4
Hightower Edward T.
President
Transactions
- Exercise/Conversion
Class A Common Stock
2022-11-09+166,666→ 176,666 total - Exercise/Conversion
Restricted Stock Units
2022-11-09−166,666→ 333,334 totalExercise: $0.00→ Class A Common Stock (166,666 underlying) - Tax Payment
Class A Common Stock
2022-11-09$1.63/sh−72,667$118,447→ 103,999 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 November 9, 2022. This does not represent a sale by the Reporting Person.
- [F3]The initial award amount of 500,000 RSUs vests in three equal annual installments beginning on November 9, 2022, subject to the Reporting Person's continued employment through each vesting date.