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