Li Albert 4

4 · Electric Last Mile Solutions, Inc. · Filed Sep 1, 2021

Form 4

Period: 2021-08-30

CFO & Treasurer

Transactions

Award
Employee Restricted Stock Unit
2021-08-30+50,000→ 50,000 total
→ Common Stock (50,000 underlying)
Award
Earnout Restricted Stock Unit
2021-08-30+600,000→ 60,000 total
→ Common Stock (600,000 underlying)

Holdings

Footnotes (5)

[F1]The reporting person is the sole member of Li Management and Consulting LLC, and as such has sole voting and investment power with respect to the common stock held by Li Management and Consulting LLC.
[F2]The reporting person and Gary Heald have shared voting and investment power with respect to the common stock held by H and L Reunion Investments LLC. Accordingly, the reporting person and Mr. Heald may be deemed to have beneficial ownership of the common stock held by H and L Reunion Investments LLC.
[F3]Each restricted stock unit represents the contingent right to receive one share of common stock upon vesting.
[F4]Restricted stock units will vest with respect to 33 1/3% on each of January 2, 2022, January 2, 2023 and January 2, 2024, subject to continued employment.
[F5]50% of the restricted stock units will be deemed earned and vested if the closing price per share of common stock of the Issuer on any 20 trading days in any 30-consecutive day trading period equals or exceeds (i) $14.00 or (ii) $16.00, respectively, subject to continued employment.

Documents

1 file