Richard Hawwa - Jul 1, 2022 Form 4 Insider Report for Embark Technology, Inc. (EMBK)

Role: Chief Financial Officer
Signature: /s/ Siddhartha Venkatesan, Attorney-in-Fact for Richard Hawwa
Stock symbol: EMBK
Transactions as of: Jul 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 7/6/2022, 04:30 PM
Previous filing: Jun 29, 2022
Next filing: Aug 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EMBK	Class A Common Stock	Options Exercise	$0	+93.2K	+7.69%	$0.00	1.31M	Jul 1, 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	-93.2K	-2.86%	$0.00	3.17M	Jul 1, 2022	Class A Common Stock	93.2K		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 installmentsthereafter, subject to continued employment through each applicable vesting date. The RSUs have no expiration date.