Siddhartha Venkatesan - 05 Apr 2022 Form 4 Insider Report for Embark Technology, Inc.

Role: Chief Legal Officer
Signature: /s/ Siddhartha Venkatesan
Issuer symbol: N/A
Transactions as of: 05 Apr 2022
Net transactions value: $0
Form type: 4
Filing time: 29 Jun 2022, 16:15:39 UTC
Previous filing: 15 Nov 2021
Next filing: 11 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EMBK	Class A Common Stock	Options Exercise	$0	+335,588		$0.000000	335,588	05 Apr 2022	Direct
transaction	EMBK	Class A Common Stock	Options Exercise	$0	+27,965	+8.3%	$0.000000	363,553	05 May 2022	Direct
transaction	EMBK	Class A Common Stock	Options Exercise	$0	+27,966	+7.7%	$0.000000	391,519	05 Jun 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EMBK	Restricted Stock Units	Options Exercise	$0	-335,588	-25%	$0.000000	1,006,765	05 Apr 2022	Class A Common Stock	335,588		Direct	F1, F2
transaction	EMBK	Restricted Stock Units	Options Exercise	$0	-27,965	-2.8%	$0.000000	978,800	05 May 2022	Class A Common Stock	27,965		Direct	F1, F2
transaction	EMBK	Restricted Stock Units	Options Exercise	$0	-27,966	-2.9%	$0.000000	950,834	05 Jun 2022	Class A Common Stock	27,966		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit (the "RSU") represents a contingent right to receive one share of Class A Common Stock.
F2	The RSUs will vest with respect to 25% of the underlying shares on April 5, 2022, and the remaining will vest in 36 substantially equal monthly installments thereafter, subject to continued employment through each applicable vesting date. The RSUs have no expiration date.