Penny Herscher - 02 Aug 2023 Form 4 Insider Report for Embark Technology, Inc.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 02 Aug 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 04 Aug 2023, 18:14:46 UTC
Prior SEC filing: 14 Feb 2023
Next SEC filing: 21 Nov 2023
Source filing: View source filing
Reporting owner signature: /s/ Siddhartha Venkatesan, attorney-in-fact

Key filing fact

Penny Herscher filed Form 4 for Embark Technology, Inc. on 04 Aug 2023.

Key facts

This page summarizes Penny Herscher's Form 4 filing for Embark Technology, Inc..
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 04 Aug 2023, 18:14.

Change

Previous filing in this sequence was filed on 14 Feb 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

EMBK transaction

Class A Common Stock

Disposed to Issuer

Transaction value
Shares: -26,804
Change %: -100%
Price
Shares after: 0
Date: 02 Aug 2023
Ownership: Direct
Footnotes: F1

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Penny Herscher is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 1 footnote

Footnote F1

The shares are represented by previously reported RSUs. Pursuant to the Issuer's Non-Employee Director Compensation Policy, any unvested RSUs accelerated and vested in full immediately prior to the effective time of the merger (the "Effective Time") contemplated by the Agreement and Plan of Merger, dated as of May 25, 2023 (the "Merger Agreement"), by and among the Issuer, Applied Intuition, Inc., and Azara Merger Sub, Inc. At the Effective Time, each outstanding RSU was automatically cancelled and converted into the right to receive an amount equal to $2.88 in cash, subject to the terms set forth in the Merger Agreement.