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RIDE Lordstown Motors Corporation

2.20
0.00 (0.00%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Lordstown Motors Corporation NASDAQ:RIDE NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 2.20 2.17 2.18 0 01:00:00

Statement of Changes in Beneficial Ownership (4)

24/05/2022 12:24am

Edgar (US Regulatory)


FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

HAMAMOTO DAVID T
2. Issuer Name and Ticker or Trading Symbol

Lordstown Motors Corp. [ RIDE ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle)

2300 HALLOCK YOUNG ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

5/19/2022
(Street)

LORDSTOWN, OH 44481
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Class A Common Stock 5/19/2022  M  15937 A (1)92056 D 
 
Class A Common Stock         800913 I By LLC (2)
Class A Common Stock         1525707 I By GRAT (3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. 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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units $0 5/19/2022  M     15937   (4) (4)Class A Common Stock 15937 $0 0 D 
 
Restricted Stock Units $0 5/19/2022  A   31915     (5) (5)Class A Common Stock 31915 $0 31915 D 
 
Stock Options $2.35 5/19/2022  A   31915     (6)5/19/2029 Class A Common Stock 31915 $0 31915 D 
 

Explanation of Responses:
(1) Restricted stock units ("RSUs") convert into Class A common stock on a one-for-one basis.
(2) Shares are held by DiamondHead Partners LLC, of which the reporting person is the sole managing member.
(3) Shares are held by the David T. Hamamoto GRAT 2019-SPAC, which is a grantor- retained annuity trust of which the reporting person is the trustee and sole annuitant.
(4) These RSUs were initially reported as vesting on February 5, 2023 and instead vested on the annual stockholder meeting date of May 19, 2022.
(5) 31,915 RSUs vest on May 19, 2023.
(6) 31,915 stock options vest on May 19, 2023.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
HAMAMOTO DAVID T
2300 HALLOCK YOUNG ROAD
LORDSTOWN, OH 44481
X



Signatures
/s/ Melissa A. Leonard, Attorney-in-Fact5/23/2022
**Signature of Reporting PersonDate


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).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

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