MARK A. RUSSELL - 06 Oct 2022 Form 4 Insider Report for Nikola Corp (NKLA)

Role
Chief Executive Officer, Director, 10%+ Owner
Signature
/s/ Britton M. Worthen, Attorney-in-fact
Issuer symbol
NKLA
Transactions as of
06 Oct 2022
Net transactions value
-$505,131
Form type
4
Filing time
11 Oct 2022, 18:49:17 UTC
Previous filing
06 Oct 2022
Next filing
13 Oct 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NKLA Common Stock Options Exercise $79,500 +75,000 +2.7% $1.06 2,887,346 06 Oct 2022 Direct
transaction NKLA Common Stock Sale $5,406 -1,500 -0.05% $3.60 2,885,846 06 Oct 2022 Direct F1, F2
transaction NKLA Common Stock Sale $264,526 -73,500 -2.5% $3.60 2,812,346 06 Oct 2022 Direct F1, F3
transaction NKLA Common Stock Options Exercise $79,500 +75,000 +2.7% $1.06 2,887,346 07 Oct 2022 Direct
transaction NKLA Common Stock Sale $4,960 -1,500 -0.05% $3.31 2,885,846 07 Oct 2022 Direct F1, F4
transaction NKLA Common Stock Sale $243,212 -73,500 -2.5% $3.31 2,812,346 07 Oct 2022 Direct F1, F5
transaction NKLA Common Stock Options Exercise $79,500 +75,000 +2.7% $1.06 2,887,346 10 Oct 2022 Direct
transaction NKLA Common Stock Sale $4,512 -1,500 -0.05% $3.01 2,885,846 10 Oct 2022 Direct F1, F6
transaction NKLA Common Stock Sale $221,014 -73,500 -2.5% $3.01 2,812,346 10 Oct 2022 Direct F1, F7

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NKLA Stock Option (right to buy) Options Exercise $0 -75,000 -0.99% $0.000000 7,477,185 06 Oct 2022 Common Stock 75,000 $1.06 Direct F8
transaction NKLA Stock Option (right to buy) Options Exercise $0 -75,000 -1% $0.000000 7,402,185 07 Oct 2022 Common Stock 75,000 $1.06 Direct F8
transaction NKLA Stock Option (right to buy) Options Exercise $0 -75,000 -1% $0.000000 7,327,185 10 Oct 2022 Common Stock 75,000 $1.06 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale of common stock was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2 This transaction was executed in multiple trades at prices ranging from $3.53 to $3.78. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F3 This transaction was executed in multiple trades at prices ranging from $3.53 to $3.79. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F4 This transaction was executed in multiple trades at prices ranging from $3.23 to $3.41. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F5 This transaction was executed in multiple trades at prices ranging from $3.23 to $3.46. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F6 This transaction was executed in multiple trades at prices ranging from $2.93 to $3.18. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F7 This transaction was executed in multiple trades at prices ranging from $2.89 to $3.19. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F8 Option is fully vested and exercisable.