Siddhartha Venkatesan - Apr 5, 2022 Form 4 Insider Report for Embark Technology, Inc. (EMBK)

Role
Chief Legal Officer
Signature
/s/ Siddhartha Venkatesan
Stock symbol
EMBK
Transactions as of
Apr 5, 2022
Transactions value $
$0
Form type
4
Date filed
6/29/2022, 04:15 PM
Previous filing
Nov 15, 2021
Next filing
Jul 11, 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EMBK Class A Common Stock Options Exercise $0 +336K $0.00 336K Apr 5, 2022 Direct
transaction EMBK Class A Common Stock Options Exercise $0 +28K +8.33% $0.00 364K May 5, 2022 Direct
transaction EMBK Class A Common Stock Options Exercise $0 +28K +7.69% $0.00 392K Jun 5, 2022 Direct

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 EMBK Restricted Stock Units Options Exercise $0 -336K -25% $0.00 1.01M Apr 5, 2022 Class A Common Stock 336K Direct F1, F2
transaction EMBK Restricted Stock Units Options Exercise $0 -28K -2.78% $0.00 979K May 5, 2022 Class A Common Stock 28K Direct F1, F2
transaction EMBK Restricted Stock Units Options Exercise $0 -28K -2.86% $0.00 951K Jun 5, 2022 Class A Common Stock 28K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (the "RSU") represents a contingent right to receive one share of Class A Common Stock.
F2 The RSUs will vest with respect to 25% of the underlying shares on April 5, 2022, and the remaining will vest in 36 substantially equal monthly installments thereafter, subject to continued employment through each applicable vesting date. The RSUs have no expiration date.