Michael Lohscheller - Aug 10, 2023 Form 4 Insider Report for Nikola Corp (NKLA)

Role
Director
Signature
/s/ Britton M. Worthen, Attorney in Fact
Stock symbol
NKLA
Transactions as of
Aug 10, 2023
Transactions value $
-$135,073
Form type
4
Date filed
8/11/2023, 06:54 PM
Previous filing
Mar 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NKLA Common Stock Sale -$135K -69K -8.12% $1.96 780K Aug 10, 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.