4//SEC Filing
Hightower Edward T. 4
Accession 0001104659-24-035648
CIK 0001759546other
Filed
Mar 17, 8:00 PM ET
Accepted
Mar 18, 5:15 PM ET
Size
16.2 KB
Accession
0001104659-24-035648
Insider Transaction Report
Form 4
NU RIDE INC.NRDE
Hightower Edward T.
President
Transactions
- Tax Payment
Class A common stock
2024-03-14−11,440→ 51,448 total - Exercise/Conversion
Restricted Stock Units
2024-03-14−22,222→ 0 totalExercise: $0.00→ Class A Common Stock (22,222 underlying) - Exercise/Conversion
Restricted Stock Units
2024-03-14−40,000→ 0 totalExercise: $0.00→ Class A Common Stock (40,000 underlying) - Exercise/Conversion
Class A common stock
2024-03-14+22,222→ 29,155 total - Exercise/Conversion
Class A common stock
2024-03-14+40,000→ 62,888 total - Tax Payment
Class A common stock
2024-03-14−6,267→ 22,888 total
Footnotes (5)
- [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 and settled on the Effective Date (as defined below). This does not represent a sale by the Reporting Person.
- [F3]On June 27, 2023, Lordstown Motors Corp., a Delaware corporation, together with its subsidiaries (collectively, the "Debtors"), filed voluntary petitions for relief (the "Chapter 11 Cases") under Chapter 11 of the United States Bankruptcy Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). On March 5, 2024, the Bankruptcy Court entered an order (the "Confirmation Order") confirming the Third Modified First Amended Joint Chapter 11 Plan of Lordstown Motors Corp. and Its Affiliated Debtors (as may be further modified, amended, or supplemented, the "Plan"). On March 14, 2024 (the "Effective Date"), the Plan was consummated and became effective in accordance with its terms, and the Debtors emerged from the Chapter 11 Cases with the Company changing its name to Nu Ride Inc.
- [F4]On November 9, 2021, the reporting person was granted 33,333 RSUs, vesting in three equal annual installments beginning on November 9, 2022. Vesting and settlement of awards (i) that was to occur during the pendency of the Chapter 11 Cases was stayed during that period until the Effective Date, and (ii) that would occur after the Effective Date was accelerated in connection with the reporting person's termination of employment pursuant to the reporting person's severance agreement with the Issuer.
- [F5]On August 15, 2022, the reporting person was granted 40,000 RSUs, vesting in three equal annual installments beginning on August 15, 2023. Vesting and settlement of awards (i) that was to occur during the pendency of the Chapter 11 Cases was stayed during that period until the Effective Date, and (ii) that would occur after the Effective Date was accelerated in connection with the reporting person's termination of employment pursuant to the reporting person's severance agreement with the Issuer.
Documents
Issuer
NU RIDE INC.
CIK 0001759546
Entity typeother
Related Parties
1- filerCIK 0001894132
Filing Metadata
- Form type
- 4
- Filed
- Mar 17, 8:00 PM ET
- Accepted
- Mar 18, 5:15 PM ET
- Size
- 16.2 KB