Dirk Ole Hoefelmann - Mar 5, 2024 Form 4 Insider Report for Nikola Corp (NKLA)

Role: President, Energy
Signature: /s/ Britton M. Worthen, Attorney in Fact
Stock symbol: NKLA
Transactions as of: Mar 5, 2024
Transactions value $: -$3,471
Form type: 4
Date filed: 3/7/2024, 06:59 PM
Previous filing: Feb 14, 2024
Next filing: Apr 29, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	NKLA	Common Stock	Sale	-$3.47K	-5.1K	-1.7%	$0.68	295K	Mar 5, 2024	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.