Form 4: Nu Ride Director Boosts Stake via 10b5-1 Plan

Esopus Creek Value Series Fund LP, a 10% owner and director of Nu Ride Inc., plans to acquire 8,000 shares of common stock at $1.45 per share under a Rule 10b5-1 plan.

Summary

• Esopus Creek Value Series Fund LP Series A, identified as a director and 10% owner of Nu Ride Inc. (NRDE), is set to acquire additional shares.
• The fund plans to purchase 8,000 shares of Nu Ride Inc. common stock on November 19, 2025.
• The acquisition price for these shares is $1.45 per share.
• This transaction is being made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged purchase.
• Following this planned transaction, the reporting person will beneficially own 723,000 shares of Nu Ride Inc. common stock.
• Andrew L. Sole, as the managing member of the general partner, disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

Sentiment

Score: 7

Explanation: The pre-planned purchase of shares by a director and 10% owner, made under a Rule 10b5-1(c) plan, suggests a deliberate vote of confidence in the company's current valuation and future prospects. While the transaction size is moderate, it represents an increase in beneficial ownership.

Positives

• A director and significant shareholder (10% owner) is increasing its stake in the company, signaling confidence in future prospects.
• The purchase is pre-planned under a Rule 10b5-1(c) plan, suggesting a deliberate investment decision rather than a reactive one.
• The acquisition at $1.45 per share indicates a specific valuation point at which a key insider is willing to invest further.

Future Outlook

NA

Management Comments

• The reporting person disclaims ownership of these securities except to the extent of the reporting person's pecuniary interest therein.
• Andrew L. Sole, as the managing member of the general partner of the Reporting Person, is in a position to determine the investment and voting decisions made by the Reporting Person.
• Mr. Sole currently reports his holdings and transactions in the Issuer's securities in separate filings.
• Mr. Sole disclaims beneficial ownership of the securities covered by this statement except to the extent of the pecuniary interest of such person in such securities.

Industry Context

NA

Related Party Transactions

• The acquisition of 8,000 shares by Esopus Creek Value Series Fund LP Series A, a director and 10% owner, constitutes a related party transaction.

Stakeholder Impact

• Shareholders: May view the insider purchase as a positive signal of confidence from a significant investor and director, potentially influencing investor sentiment.
• Management: The purchase by a director could reinforce alignment of interests between management and a key shareholder.

Key Dates

Recommendation

The pre-planned purchase of shares by a director and 10% owner, Esopus Creek Value Series Fund LP, under a Rule 10b5-1(c) plan, indicates a structured vote of confidence in Nu Ride Inc. at the current share price of $1.45. While this is a positive signal, a single insider transaction, even from a significant stakeholder, typically warrants a 'hold' recommendation for existing investors, encouraging further due diligence rather than an immediate 'buy' or 'sell' without additional fundamental analysis or broader market context.

Keywords

Nu Ride Inc., NRDE, Esopus Creek Value Series Fund, Insider Purchase, Form 4, Director Stock Acquisition, Beneficial Ownership, Equity Investment, 10b5-1 Plan