Michael Lohscheller - Mar 6, 2023 Form 4 Insider Report for Nikola Corp (NKLA)

Role: Chief Executive Officer, Director
Signature: /s/ Britton M. Worthen, Attorney-in-fact
Stock symbol: NKLA
Transactions as of: Mar 6, 2023
Transactions value $: -$58,847
Form type: 4
Date filed: 3/7/2023, 04:00 PM
Previous filing: Sep 8, 2022
Next filing: Aug 11, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NKLA	Common Stock	Sale	-$58.8K	-27.9K	-3.18%	$2.11	849K	Mar 6, 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.

Content

Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.