Siddhartha Venkatesan - Aug 5, 2022 Form 4 Insider Report for Embark Technology, Inc. (EMBK)

Role: Chief Legal Officer
Signature: Siddhartha Venkatesan
Stock symbol: EMBK
Transactions as of: Aug 5, 2022
Transactions value $: $0
Form type: 4
Date filed: 9/28/2022, 10:00 PM
Previous filing: Jul 11, 2022
Next filing: Mar 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EMBK	Class A Common Stock	Options Exercise	$0	+28K	+71.43%	$0.00	67.1K	Aug 5, 2022	Direct	F1, F2

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	EMBK	Restricted Stock Units	Options Exercise	$0	-28K	-100%	$0.00^*	0	Aug 5, 2022	Class A Common Stock	28K		Direct	F2, F3, F4

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

Explanation of Responses:

Id	Content
F1	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.
F2	The reporting person has reported prior awards of restricted stock units in Table II of Form 4. As of the date of this filing, the total reported in Column 5 includes 43,347 restricted stock units previously reported in Table II.
F3	Each Restricted Stock Unit (the "RSU") represents a contingent right to receive a Class A Common Stock of the Issuer.
F4	The RSUs will vest with respect to 25% of the underlying shares on April 5, 2022, and the remaining will vest in 36 substantially equal monthly increments thereafter, subject to continued employment through each applicable vesting date. The RSUs have no expiration date.