Richard Hawwa - 01 May 2022 Form 4 Insider Report for Embark Technology, Inc.

Role: Chief Financial Officer
Signature: /s/ Siddhartha Venkatesan, Attorney-in-Fact for Richard Hawwa
Issuer symbol: N/A
Transactions as of: 01 May 2022
Net transactions value: $0
Form type: 4
Filing time: 29 Jun 2022, 16:17:36 UTC
Previous filing: 15 Nov 2021
Next filing: 06 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	+1,118,627		$0.000000	1,118,627	01 May 2022	Direct
transaction	EMBK	Class A Common Stock	Options Exercise	$0	+93,219	+8.3%	$0.000000	1,211,846	01 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	-1,118,627	-25%	$0.000000	3,355,883	01 May 2022	Class A Common Stock	1,118,627		Direct	F1, F2
transaction	EMBK	Restricted Stock Units	Options Exercise	$0	-93,219	-2.8%	$0.000000	3,262,664	01 Jun 2022	Class A Common Stock	93,219		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 May 1, 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.