Lordstown Motors founder Steve Burns sold off more stock in the company he created, according to an SEC filing.

Burns sold two million shares of common stock at an average price of $0.29 per share Monday. The following day, Burns sold another one million shares at an average price of $0.44.

From those two sales, Burns cashed out more than $1 million.

Over the last two months, Burns has sold off close to five million shares with sales coming in around $2.4 million.

The SEC filing shows the former CEO began selling his stock in Lordstown Motors in November 2021. Since that time, he's sold nearly 29 million shares for more than $60 million.

In November 2022 alone, Burns sold off more than eight million shares at prices between $1.70 and $1.97 per share.

Burns, formerly the CEO of Workhorse Group, another electric vehicle company, founded Lordstown Motors in 2018.

Burns became CEO of Lordstown Motors after announcing in 2019 that he was in negotiations with General Motors to purchase its former Lordstown Assembly Plant to manufacture electric-powered pickup trucks, which eventually became known as the Endurance.

He left his role as CEO of the company after Lordstown Motors disclosed to a special committee looking into a damaging report by Hindenburg Research found “issues regarding the accuracy of certain statements regarding the company’s pre-orders.”

Although the committee concluded that Hindenburg’s report was false and misleading, it did find some credence in claims about inaccurate pre-order disclosures made by LMC.