Trevor R. Milton - 23 Jul 2021 Form 4 Insider Report for Nikola Corp (NKLA)

Role
10%+ Owner
Signature
/s/ Trevor R. Milton
Issuer symbol
NKLA
Transactions as of
23 Jul 2021
Net transactions value
-$76,617,267
Form type
4
Filing time
06 Aug 2021, 21:24:59 UTC
Previous filing
01 Jun 2021
Next filing
12 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NKLA Common Stock Gift $0 -600,000 -100% $0.000000* 0 23 Jul 2021 Direct F1
transaction NKLA Common Stock Gift $0 -1,150,000 -1.5% $0.000000 77,899,795 23 Jul 2021 By M&M Residual, LLC F1, F2
transaction NKLA Common Stock Sale $5,219,745 -491,039 -0.63% $10.63* 77,408,756 04 Aug 2021 By M&M Residual, LLC F2, F3
transaction NKLA Common Stock Sale $47,311,835 -4,611,290 -6% $10.26* 72,797,466 05 Aug 2021 By M&M Residual, LLC F2, F4
transaction NKLA Common Stock Sale $18,995,687 -1,897,671 -2.6% $10.01* 70,899,795 06 Aug 2021 By M&M Residual, LLC F2, F5
transaction NKLA Common Stock Sale $5,090,000 -500,000 -29% $10.18* 1,250,000 06 Aug 2021 By Spouse F1, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 23, 2021, Mr. Milton transferred 600,000 shares and M&M Residual, LLC transferred 1,150,000 shares of Common Stock of Nikola Corporation to Mr. Milton's spouse.
F2 As manager of M&M Residual, LLC, Mr. Milton may be deemed to indirectly beneficially own securities held by such entity.
F3 Represents a weighted-average price. The shares were sold in multiple transactions at prices ranging from $10.60 to $10.71. The reporting persons undertake to provide to Nikola Corporation, any security holder of Nikola Corporation or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within ranges set forth in the footnotes to this Form 4.
F4 Represents a weighted-average price. The shares were sold in multiple transactions at prices ranging from $10.12 to $10.75.
F5 Represents a weighted-average price. The shares were sold in multiple transactions at prices ranging from $9.86 to $10.23.
F6 Represents a weighted-average price. The shares were sold in multiple transactions at prices ranging from $10.00 to $10.32.
F7 Mr. Milton may be deemed to indirectly beneficially own securities held by Mr. Milton's spouse.

Remarks:

This Form 4 is filed jointly by Trevor R. Milton and M&M Residual, LLC.