Leonard Melissa A. 4
4 · Lordstown Motors Corp. · Filed Jan 4, 2023
Insider Transaction Report
Form 4
Leonard Melissa A.
EVP, GEN. COUNSEL & SECRETARY
Transactions
- Exercise/Conversion
Restricted Stock Units
2023-01-01−83,333→ 83,334 totalExercise: $0.00→ Class A Common Stock (83,333 underlying) - Exercise/Conversion
Class A Common Stock
2023-01-01+83,333→ 173,318 total - Tax Payment
Class A Common Stock
2023-01-01$1.14/sh−28,875$32,918→ 144,443 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 RSUs, which vested on January 1, 2023. 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 January 1, 2022, subject to the Reporting Person's continued employment through each vesting date.