NU Ride Inc (NRDE)

[dss19552002]

What are you talking about?

From your quote of the filing:

a three-year grant under the Company's 2020 Equity Compensation Plan of restricted stock units (“RSUs”) with a fair
market value of $8,000 per quarter ($96,000 in the aggregate), based on the closing price per share of the Company’s common stock on May 13, 2024.

This is not a stock purchase, but a grant. Look at the form 4. They acquired 52,747 shares. The closing price on May 13 was $1.82. Let's see, $1.82 times 52,747 is $95,999.54. That's the stock grant that they received, which vests quarterly. By some amazing coincidence, that's what the Form 4 says! The $95,999.54 matches up with the $96 000 from the 8-K as well. So, far, this company is being transparent.

The board already gets $12,000 cash per quarter and can do whatever they want with it.

I don't disagree with that. However, they didn't use that $12,000 to buy stock.

You also said

They Bought undisclosed amount, allowed to acquire

.

I disagree with that. The Form 4 doesn't say that they purchased an undisclosed amount. The way form 4's work is that insiders report their buying and selling. It isn't a secret. The form 4s report what they currently own, direct and indirect. Look at Sole's Form 4, it shows both the 52,747 restricted stock unit grant (which is what all these form 4s were about - NOT stock purchases) and the shares he bought back in March, which are 700,000. All their acquisitions are disclosed. They even reported when they became directors that they didn't own any stock in the company by filing their Form 3s.

So, yes, I read the May 16 filing, the 8-K. You quoted it. It does mark a fairly significant change from the March 15 8-K in 1) the cash compensation, being now paid in advance rather than areas. The specifics of the stock based compensation changed also from the March 8-K in that it was more specific as to the date which the pricing was determined for the stock compensation and how it was to be distributed.

So, again, I'm not sure where you disagreed with me based on the filings. So, Read the filings. SMH.