0001104659-24-035635.txt : 20240318 0001104659-24-035635.hdr.sgml : 20240318 20240318171054 ACCESSION NUMBER: 0001104659-24-035635 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240314 FILED AS OF DATE: 20240318 DATE AS OF CHANGE: 20240318 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: NINIVAGGI DANIEL A CENTRAL INDEX KEY: 0001257599 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38821 FILM NUMBER: 24759997 MAIL ADDRESS: STREET 1: C/O ICAHN ENTERPRISES L.P. STREET 2: 767 FIFTH AVENUE, SUITE 4600 CITY: NEW YORK STATE: NY ZIP: 10153 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NU RIDE INC. CENTRAL INDEX KEY: 0001759546 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLES & PASSENGER CAR BODIES [3711] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 832533239 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1700 BROADWAY, 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212-202-2200 MAIL ADDRESS: STREET 1: 1700 BROADWAY, 19TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 FORMER COMPANY: FORMER CONFORMED NAME: Lordstown Motors Corp. DATE OF NAME CHANGE: 20201026 FORMER COMPANY: FORMER CONFORMED NAME: DiamondPeak Holdings Corp. DATE OF NAME CHANGE: 20181120 4 1 tm249101-4_4seq1.xml OWNERSHIP DOCUMENT X0508 4 2024-03-14 1 0001759546 NU RIDE INC. NRDE 0001257599 NINIVAGGI DANIEL A 1700 BROADWAY, 19TH FLOOR NEW YORK NY 10019 1 1 0 0 FORMER EXECUTIVE CHAIRMAN 0 Class A common stock 2024-03-14 4 M 0 31111 A 41216 D Class A common stock 2024-03-14 4 F 0 9785 D 31431 D Class A common stock 2024-03-14 4 M 0 15000 A 46431 D Class A common stock 2024-03-14 4 F 0 5085 D 41346 D Restricted Stock Units 0 2024-03-14 4 M 0 31111 0 D Class A Common Stock 31111 0 D Restricted Stock Units 0 2024-03-14 4 M 0 15000 0 D Class A Common Stock 15000 0 D Restricted stock units ("RSUs") convert into Class A common stock on a one-for-one basis. 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. 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. On August 26, 2021, the reporting person was granted 46,666 RSUs, vesting in three equal annual installments beginning on August 26, 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. On August 15, 2022, the reporting person was granted 15,000 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. /s/ Melissa A. Leonard, Attorney-in-Fact 2024-03-18