Siddhartha Venkatesan - Aug 5, 2022 Form 4 Insider Report for Embark Technology, Inc. (EMBK)

Signature
Siddhartha Venkatesan
Stock symbol
EMBK
Transactions as of
Aug 5, 2022
Transactions value $
$0
Form type
4
Date filed
9/28/2022, 10:00 PM
Previous filing
Jul 11, 2022
Next filing
Mar 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EMBK Class A Common Stock Options Exercise $0 +28K +71.43% $0.00 67.1K Aug 5, 2022 Direct F1, F2

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 -28K -100% $0.00* 0 Aug 5, 2022 Class A Common Stock 28K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the amount of shares beneficially held following a 20-for-1 stock split effected by the Issuer on August 16, 2022, which was exempt from reporting pursuant to Rule 16a-9.
F2 The reporting person has reported prior awards of restricted stock units in Table II of Form 4. As of the date of this filing, the total reported in Column 5 includes 43,347 restricted stock units previously reported in Table II.
F3 Each Restricted Stock Unit (the "RSU") represents a contingent right to receive a Class A Common Stock of the Issuer.
F4 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 increments thereafter, subject to continued employment through each applicable vesting date. The RSUs have no expiration date.