Patrick W. Grady - Jun 9, 2022 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: Jun 9, 2022
Transactions value $: $0
Form type: 4
Date filed: 9/28/2022, 09:59 PM
Previous filing: Feb 23, 2022
Next filing: Jun 21, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EMBK	Class A Common Stock	Award	$0	+9.88K		$0.00	9.88K	Jun 9, 2022	Direct	F1, F2
holding	EMBK	Class A Common Stock						55.3K	Jun 9, 2022	Sequoia Capital U.S. Growth VII Principals Fund, L.P.	F2, F3
holding	EMBK	Class A Common Stock						934K	Jun 9, 2022	Sequoia Capital U.S. Growth Fund VII, L.P.	F2, F3
holding	EMBK	Class A Common Stock						77.1K	Jun 9, 2022	Sequoia Capital U.S. Venture Partners Fund XV (Q), L.P.	F2, F3
holding	EMBK	Class A Common Stock						281K	Jun 9, 2022	Sequoia Capital U.S. Venture XV Principals Fund, L.P.	F2, F3
holding	EMBK	Class A Common Stock						27.7K	Jun 9, 2022	Sequoia Capital U.S. Venture Partners Fund XV, L.P.	F2, F3
holding	EMBK	Class A Common Stock						226K	Jun 9, 2022	Sequoia Grove II, LLC	F2, F4
holding	EMBK	Class A Common Stock						37.1K	Jun 9, 2022	Estate Planning Vehicle	F2
holding	EMBK	Class A Common Stock						1.28M	Jun 9, 2022	Sequoia Capital U.S. Venture Fund XV, L.P.	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects an award of restricted stock units ("RSUs"), which will vest in four equal quarterly installments beginning on September 9, 2022. Each RSU represents a contingent right to receive one share of Class A Common Stock.
F2	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.
F3	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.
F4	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.