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

Role
10%+ Owner
Signature
/s/ Trevor R. Milton
Stock symbol
NKLA
Transactions as of
Jul 23, 2021
Transactions value $
-$76,617,267
Form type
4
Date filed
8/6/2021, 09:24 PM
Previous filing
Jun 1, 2021
Next filing
Aug 12, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NKLA Common Stock Gift $0 -600K -100% $0.00* 0 Jul 23, 2021 Direct F1
transaction NKLA Common Stock Gift $0 -1.15M -1.45% $0.00 77.9M Jul 23, 2021 By M&M Residual, LLC F1, F2
transaction NKLA Common Stock Sale -$5.22M -491K -0.63% $10.63* 77.4M Aug 4, 2021 By M&M Residual, LLC F2, F3
transaction NKLA Common Stock Sale -$47.3M -4.61M -5.96% $10.26* 72.8M Aug 5, 2021 By M&M Residual, LLC F2, F4
transaction NKLA Common Stock Sale -$19M -1.9M -2.61% $10.01* 70.9M Aug 6, 2021 By M&M Residual, LLC F2, F5
transaction NKLA Common Stock Sale -$5.09M -500K -28.57% $10.18* 1.25M Aug 6, 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.