Filing Details

The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

  Name of Reporting Person

  Marc Bedard

  Check the Appropriate Box if a Member of a Group

  (a):  ☐        (b):  ☐

  SEC Use Only

  Citizenship or Place of Organization

  Canada

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

  Sole Voting Power

  29,257,560(1)

  Shared Voting Power

  0

  Sole Dispositive Power

  29,257,560(1)

  Shared Dispositive Power

  0

  Aggregate Amount Beneficially Owned by Each Reporting Person

  29,257,560

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

  ☐

  Percent of Class Represented by Amount in Row (9)

  15.2%(2)

  Type of Reporting Person

  IN

Includes 26,458,653 Common Shares, no par value (the Lion Common Shares), of the Lion Electric Company (the Issuer) held of record by 9368-2672 Québec Inc. and (b) 2,798,907 Lion Common Shares which may be acquired by Marc Bedard through the exercise of options exercisable within 60 days of the Event Date of this filing. Marc Bedard has control over, directly and indirectly, a majority of the voting shares of 9368-2672 Québec.

This percentage is based on the sum of 189,721,188 Lion Common Shares outstanding as of December 31, 2021, as reported in Exhibit 99.2 to the Issuers Report of Foreign Private Issuer on Form 6-K filed February 24, 2022, plus 2,798,907 Lion Common Shares that Marc Bedard has the right to acquire upon exercise of options exercisable within 60 days of the Event Date of this filing.

  Name of Reporting Person

  9368-2672 Québec Inc.

  Check the Appropriate Box if a Member of a Group

  (a):  ☐        (b):  ☐

  SEC Use Only

  Citizenship or Place of Organization

  Canada

Number of

Shares

 Beneficially 

Owned by

Each

Reporting

Person

With

  Sole Voting Power

  26,458,653

  Shared Voting Power

  0

  Sole Dispositive Power

  26,458,653

  Shared Dispositive Power

  0

  Aggregate Amount Beneficially Owned by Each Reporting Person

  26,458,653

  Check if the Aggregate Amount in Row (9) Excludes Certain Shares

  ☐

  Percent of Class Represented by Amount in Row (9)

  13.9%(1)

  Type of Reporting Person

  FI

This percentage is based on 189,721,188 Lion Common Shares outstanding as of December 31, 2021, as reported in Exhibit 99.2 to the Issuers Report of Foreign Private Issuer on Form 6-K filed February 24, 2022.

Name of issuer: The Lion Electric Company, a corporation existing under the Business Corporations Act (Québec)

Address of issuers principal executive offices:

Names of persons filing:

Marc Bedard

9368-2672 Québec Inc.

Address or principal business office or, if none, residence:

Citizenship:

Title of class of securities: Common shares, no par value

CUSIP number: 536221104

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: Not applicable.

Ownership:

Ownership of five percent or less of a class: Not applicable.

Ownership of more than five Percent on behalf of another person: Not applicable.

Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person: Not applicable.

Identification and classification of members of the group: Not applicable.

Notice of dissolution of group: Not applicable.

Certifications: Not applicable.

Exhibit
Number

Description