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

Role: Chief Financial Officer
Signature: Siddhartha Venkatesan, Attorney-in-fact for Richard Hawwa
Issuer symbol: N/A
Transactions as of: 01 Oct 2022
Net transactions value: $0
Form type: 4
Filing time: 03 Oct 2022, 16:31:28 UTC
Previous filing: 07 Sep 2022
Next filing: 24 Mar 2023
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	+4,661	+6.3%	$0.000000	79,236	01 Oct 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	-4,661	-100%	$0.000000^*	0	01 Oct 2022	Class A Common Stock	4,661		Direct	F1, 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 144,489 restricted stock units previously reported in Table II.
F3	Each Restricted Stock Unit (the "RSU") represents a contingent right to receive one share of Class A Common Stock.
F4	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.