Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | NKLA | Founder Stock Options (Obligation to Sell) | Exercise of in-the-money or at-the-money derivative security | $0 | -5.26K | -0.28% | $0.00 | 1.86M | Mar 17, 2022 | Common Stock | 5.26K | $1.06 | By M&M Residual, LLC | F1, F3, F5 |
Id | Content |
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F1 | As previously reported on the Schedule 13D filed on June 3, 2020 by the reporting persons, prior to June 3, 2020, M&M Residual, LLC ("M&M") issued 3,158,949 stock options to recognize the superior performance and contribution of specified employees of Nikola Subsidiary Corporation (f/k/a Nikola Corporation) ("Legacy Nikola") pursuant to Legacy Nikola's Founder Stock Option Plan (the "Founder Stock Options"). On June 3, 2020, as a result of the closing of the business combination between Legacy Nikola and Nikola Corporation (f/k/a VectoIQ Acquisition Corp.)("Nikola"), the previously issued Founder Stock Options became exercisable by the employees for a total of 6,005,139 shares of Common Stock of Nikola ("Common Stock") held by M&M. |
F2 | The reported transactions represent the disposition of Common Stock held by M&M upon the exercise by current and former Nikola employees of the Founder Stock Options that M&M previously granted to the employees. |
F3 | As manager of M&M, Mr. Milton may be deemed to indirectly beneficially own securities held by such entity. |
F4 | Mr. Milton may be deemed to indirectly beneficially own securities held by Mr. Milton's spouse. |
F5 | The reported transactions represent the exercise by current and former Nikola employees of Founder Stock Options that M&M previously granted to the employees. |
This Form 4 is filed jointly by Trevor R. Milton and M&M Residual, LLC.