Nu Ride (NRDE) Form 4 Lordstown Motors / Donna Bell ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Bell Donna

(Last) (First) (Middle)

2300 HALLOCK YOUNG ROAD

(Street)

LORDSTOWN OH 44481

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Lordstown Motors Corp. [ RIDE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP, PROD CRTN, ENG & SUPP CHN

3. Date of Earliest Transaction (Month/Day/Year)
07/11/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	07/11/2022		A		520,000		(1)	(1)	Class A Common Stock	520,000	$0	520,000	D
Employee Stock Options	$2.25	07/11/2022		A		90,000		(2)	07/11/2029	Class A Common Stock	90,000	$0	90,000	D

Explanation of Responses:

1. 520,000 restricted stock units ("RSUs") granted upon the commencement of the reporting person's employment on July 11, 2022 (consisting of an inducement grant of 250,000 RSUs and an annual grant of 270,000 RSUs) vest in three installments, with 240,000 RSUs vesting on August 15, 2023, 165,000 RSUs vesting on August 15, 2024 and 115,000 RSUs vesting on August 15, 2025, subject to the reporting person's continued employment through each such vesting date.

2. 90,000 stock options granted upon the commencement of the reporting person's employment on July 11, 2022 vest in three equal annual installments beginning on August 15, 2023, subject to the reporting person's continued employment through each vesting date.

	/s/ Melissa A. Leonard, Attorney-in-Fact	07/13/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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