Mark A. Russell - Nov 23, 2022 Form 4 Insider Report for Nikola Corp (NKLA)

Signature
/s/ Britton M. Worthen, Attorney-in-fact
Stock symbol
NKLA
Transactions as of
Nov 23, 2022
Transactions value $
-$197,324
Form type
4
Date filed
11/28/2022, 03:52 PM
Previous filing
Nov 23, 2022
Next filing
Nov 30, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NKLA Common Stock Options Exercise $79.5K +75K +2.67% $1.06 2.89M Nov 23, 2022 Direct
transaction NKLA Common Stock Sale -$3.54K -1.5K -0.05% $2.36 2.89M Nov 23, 2022 Direct F1, F2
transaction NKLA Common Stock Sale -$174K -73.5K -2.55% $2.36 2.81M Nov 23, 2022 Direct F1, F3
transaction NKLA Common Stock Options Exercise $79.5K +75K +2.67% $1.06 2.89M Nov 25, 2022 Direct
transaction NKLA Common Stock Sale -$3.59K -1.5K -0.05% $2.39 2.89M Nov 25, 2022 Direct F1, F4
transaction NKLA Common Stock Sale -$176K -73.5K -2.55% $2.39 2.81M Nov 25, 2022 Direct F1, F5

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 NKLA Stock Option (right to buy) Options Exercise $0 -75K -1.5% $0.00 4.93M Nov 23, 2022 Common Stock 75K $1.06 Direct F6
transaction NKLA Stock Option (right to buy) Options Exercise $0 -75K -1.52% $0.00 4.85M Nov 25, 2022 Common Stock 75K $1.06 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sale of common stock was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person.
F2 This transaction was executed in multiple trades at prices ranging from $2.30 to $2.43. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F3 This transaction was executed in multiple trades at prices ranging from $2.29 to $2.43. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F4 This transaction was executed in multiple trades at prices ranging from $2.36 to $2.42. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F5 This transaction was executed in multiple trades at prices ranging from $2.35 to $2.43. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
F6 Option is fully vested and exercisable.