Britton M. Worthen - Mar 5, 2024 Form 4 Insider Report for Nikola Corp (NKLA)

Signature
/s/ Britton M. Worthen, Attorney in Fact
Stock symbol
NKLA
Transactions as of
Mar 5, 2024
Transactions value $
-$74,852
Form type
4
Date filed
3/7/2024, 06:59 PM
Previous filing
Aug 11, 2023
Next filing
Apr 29, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NKLA Common Stock Sale -$74.9K -110K -14.52% $0.68 647K Mar 5, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting of RSUs. This sale is mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.