Data Collective IV, L.P. - Aug 30, 2022 Form 4 Insider Report for Embark Technology, Inc. (EMBK)

Role: 10%+ Owner
Signature: /s/ Siddhartha Venkatesan, Attorney-in-fact for Data Collective IV, L.P.
Stock symbol: EMBK
Transactions as of: Aug 30, 2022
Transactions value $: $96,388
Form type: 4
Date filed: 9/1/2022, 05:38 PM
Previous filing: Aug 22, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EMBK	Class A Common Stock	Purchase	$96.4K	+10K	+0.31%	$9.64^*	3.21M	Aug 30, 2022	See Footnote	F1, F2

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

Explanation of Responses:

Id	Content
F1	The price reported in Column 4 is a weighted average price calculated by the broker executing the purchases. These shares were purchased in multiple transactions, and the reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.
F2	Reflects (i) 3,186,007 shares of Class A Common Stock held by Data Collective IV, L.P. ("DCVC IV"), (ii) 6,100 shares of Class A Common Stock held by Zachary Bogue and (iii) 20,000 shares of Class A Common Stock held by Matthew Ocko. Data Collective IV GP, LLC ("DCVC IV GP") is the general partner of DCVC IV and has sole voting and dispositive power with regard to the securities held by DCVC IV. The managing members of DCVC IV GP are Matthew Ocko and Zachary Bogue. Matthew Ocko and Zachary Bogue share voting and dispositive power with respect to the securities held by DCVC IV. Each of the Reporting Persons disclaims the existence of a "group" and disclaims beneficial ownership of such securities and this report shall not be deemed an admission that it is the beneficial owner of such securities, except to the extent of such person's indirect pecuniary interest therein, if any.

Content

The price reported in Column 4 is a weighted average price calculated by the broker executing the purchases. These shares were purchased in multiple transactions, and the reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

Reflects (i) 3,186,007 shares of Class A Common Stock held by Data Collective IV, L.P. ("DCVC IV"), (ii) 6,100 shares of Class A Common Stock held by Zachary Bogue and (iii) 20,000 shares of Class A Common Stock held by Matthew Ocko. Data Collective IV GP, LLC ("DCVC IV GP") is the general partner of DCVC IV and has sole voting and dispositive power with regard to the securities held by DCVC IV. The managing members of DCVC IV GP are Matthew Ocko and Zachary Bogue. Matthew Ocko and Zachary Bogue share voting and dispositive power with respect to the securities held by DCVC IV. Each of the Reporting Persons disclaims the existence of a "group" and disclaims beneficial ownership of such securities and this report shall not be deemed an admission that it is the beneficial owner of such securities, except to the extent of such person's indirect pecuniary interest therein, if any.