UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

Lightning eMotors, Inc.

(Name of Issuer)

Common Stock, par value $0.0001 per shares

(Title of Class of Securities)

53228T101

(CUSIP Number)

July 3, 2024

(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

*	The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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.

Page 1 of 5


CUSIP No: 53228T101		Schedule 13G		Page 2 of 5 Pages

Represents 96,219 shares of Common Stock held directly by Caspian Investments Limited (“Caspian”) and 90,444 shares of Common Stock held directly by The Pomarine Trust (“Pomarine”). R&H Trust Co. (Guernsey) Limited (“R&H Trust”) is the Trustee of a Guernsey Trust which is the ultimate beneficial owner of Caspian and the Trustee of Pomarine. R&H Trust may be deemed to have or share beneficial ownership of the shares of Common Stock held directly by each of Caspian and Pomarine. R&H Trust disclaims such beneficial ownership.

The percentage of the shares of Common Stock beneficially owned is based on 6,593,516 shares of Common Stock outstanding as of November 17, 2023, which is based on information included in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023, filed with the SEC on November 20, 2023.


CUSIP No: 53228T101		Schedule 13G		Page 3 of 5 Pages

Represents 96,219 shares of Common Stock held directly by Caspian and 90,444 shares of Common Stock held directly by Pomarine. Rawlinson & Hunter Limited (“R&H Limited”) is the parent company of R&H Trust. R&H Limited may be deemed to have or share beneficial ownership of the shares of Common Stock held directly by each of Caspian and Pomarine. R&H Limited disclaims such beneficial ownership.

⁴


CUSIP No: 53228T101		Schedule 13G		Page 4 of 5 Pages

This Amendment No. 1 (the “Amendment No. 1”), being filed by R&H Trust Co. (Guernsey) Limited (“R&H Trust”), and Rawlinson & Hunter Limited (“R&H Limited” and together with R&H Trust, the “Reporting Persons”) amends the Schedule 13G initially filed on September 8, 2023 (the “Schedule 13G”). The information stated in this Amendment No. 1 amends the information disclosed under the corresponding entries in the Schedule 13G as described below. Except as specifically provided herein, this Amendment No. 1 does not modify any of the information previously reported in the Schedule 13G.

Item 4.

Ownership.

(a)

Amount beneficially owned:

As of July 3, 2024, Caspian directly holds 96,219 shares of Common Stock and Pomarine directly holds 90,444 shares of Common Stock. R&H Trust and R&H Limited may be deemed to have or share beneficial ownership of the Common Stock held directly by each of Caspian and Pomarine, but each disclaims beneficial ownership of such shares of Common Stock.

(b)

Percent of class:

As of July 3, 2024, each of R&H Trust and R&H Limited may be deemed to be the beneficial owner of approximately 2.83% of the Issuer’s Common Stock based on 6,593,516 shares of Common Stock outstanding as of November 17, 2023, which is based on information included in the Issuer’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023, filed with the SEC on November 20, 2023.

(c)

Number of shares of Common Stock as to which each of R&H Trust and R&H Limited:


(i)	Sole power to vote or to direct the vote:	0
(ii)	Shared power to vote or to direct the vote:	186,663
(iii)	Sole power to dispose or to direct the disposition of:	0
(iv)	Shared power to dispose or to direct the disposition of:	186,663

Item 5.

Ownership of 5 Percent or Less of a Class.

If this statement is being filed to report the fact that as of the date hereof a Reporting Person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ☒.

Item 10.

Certifications.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


CUSIP No: 53228T101		Schedule 13G		Page 5 of 5 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: July 3, 2024


R&H Trust Co. (Guernsey) Limited

By:		/s/ Sylvia Miller
Name:		Sylvia Miller
Title:		Authorised Signatory

By:		/s/ Alison Wyser
Name:		Alison Wyser
Title:		Director

Rawlinson & Hunter Limited

By:		/s/ Sylvia Miller
Name:		Sylvia Miller
Title:		Authorised Signatory

By:		/s/ Alison Wyser
Name:		Alison Wyser
Title:		Authorised Signatory

NAMES OF REPORTING PERSONS

R&H Trust Co. (Guernsey) Limited

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)

(a) ☐ (b) ☐

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Guernsey

Lightning eMotors, Inc. SC 13G/A