Patrick W. Grady - Aug 2, 2023 Form 4 Insider Report for Embark Technology, Inc. (EMBK)

Role
Director, 10%+ Owner
Signature
/s/ Jung Yeon Son, as Attorney-in-Fact for Patrick W. Grady
Stock symbol
EMBK
Transactions as of
Aug 2, 2023
Transactions value $
$0
Form type
4
Date filed
8/4/2023, 09:54 PM
Previous filing
Jun 23, 2023
Next filing
Jun 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EMBK Class A Common Stock Other -9.88K -100% 0 Aug 2, 2023 Direct F1
transaction EMBK Class A Common Stock Other -55.3K -100% 0 Aug 2, 2023 Sequoia Capital U.S. Growth VII Principals Fund, L.P. F1, F2
transaction EMBK Class A Common Stock Other -934K -100% 0 Aug 2, 2023 Sequoia Capital U.S. Growth Fund VII, L.P. F1, F2
transaction EMBK Class A Common Stock Other -1.28M -100% 0 Aug 2, 2023 Sequoia Capital U.S. Venture Fund XV, L.P. F1, F2
transaction EMBK Class A Common Stock Other -77.1K -100% 0 Aug 2, 2023 Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P. F1, F2
transaction EMBK Class A Common Stock Other -281K -100% 0 Aug 2, 2023 Sequoia Capital U.S. Venture XV Principals Fund, L.P. F1, F2
transaction EMBK Class A Common Stock Other -27.7K -100% 0 Aug 2, 2023 Sequoia Capital U.S. Venture Partners Fund XV, L.P. F1, F2
transaction EMBK Class A Common Stock Other -226K -100% 0 Aug 2, 2023 Sequoia Grove II, LLC F1, F3
transaction EMBK Class A Common Stock Other -37.1K -100% 0 Aug 2, 2023 Estate Planning Vehicle F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Patrick W. Grady is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to an Agreement and Plan of Merger, dated as of May 25, 2023, by and among the Issuer, Applied Intuition, Inc., and Azara Merger Sub, Inc., at the effective time of the merger, each share of Class A common stock was cancelled and automatically converted into the right to receive an amount equal to $2.88 in cash, without interest.
F2 The Reporting Person is a director and stockholder of SC US (TTGP), Ltd., which is (a) the general partner of SC U.S. Growth VII Management, L.P., which is the general partner of Sequoia Capital U.S. Growth Fund VII, L.P. and Sequoia Capital U.S. Growth VII Principals Fund, L.P. (the "GFVII Funds"), and (b) the general partner of SC U.S. Venture XV Management, L.P., which is the general partner of Sequoia Capital U.S. Venture Fund XV, L.P., Sequoia Capital U.S. Venture Partners Fund XV, L.P., Sequoia Capital U.S. Venture XV Principals Fund, L.P. and Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P. (the "SC XV Funds"). The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F3 The Reporting Person is a member of Sequoia Grove II, LLC. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.