Trevor R. Milton - 10 Aug 2021 Form 4 Insider Report for Nikola Corp (NKLAQ)

Role
10%+ Owner
Signature
/s/ Trevor R. Milton M&M Residual, LLC
Issuer symbol
NKLAQ
Transactions as of
10 Aug 2021
Net transactions value
-$76,654,469
Form type
4
Filing time
12 Aug 2021, 21:41:00 UTC
Previous filing
06 Aug 2021
Next filing
23 Nov 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 Sale $21,434,323 -2,033,617 -2.9% $10.54* 68,866,178 10 Aug 2021 By M&M Residual, LLC F1, F2
transaction NKLA Common Stock Sale $42,621,246 -4,245,144 -6.2% $10.04* 64,621,034 11 Aug 2021 By M&M Residual, LLC F2, F3
transaction NKLA Common Stock Sale $12,598,900 -1,259,890 -1.9% $10.00* 63,361,144 12 Aug 2021 By M&M Residual, LLC F2, F4
holding NKLA Common Stock 1,250,000 10 Aug 2021 By Spouse F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a weighted-average price. The shares were sold in multiple transactions at prices ranging from $10.36 to $10.92. 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..
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 $9.96 to $10.44.
F4 Represents a weighted-average price. The shares were sold in multiple transactions at prices ranging from $9.95 to $10.16.
F5 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.