FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

RUSSELL MARK A
2. Issuer Name and Ticker or Trading Symbol

Nikola Corp [ NKLA ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__X__ Director                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President and CEO
(Last)          (First)          (Middle)

4141 E BROADWAY ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

6/3/2020
(Street)

PHOENIX, AZ 85040
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 6/3/2020  A  1054691 A (1)1054691 D  
Common Stock 6/3/2020  A  39876497 A (1)40931188 I By T&M Residual, LLC (2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (right to buy) $1.05 6/3/2020  A   8843299     (3)2/26/2029 Common Stock 8843299  (1)(4)8843299 D  

Explanation of Responses:
(1) Received pursuant to the Business Combination Agreement, dated as of March 2, 2020, by and among VectoIQ Acquisition Corp. ("VectoIQ"), Nikola Corporation ("Legacy Nikola") and VCTIQ Merger Sub Corp., a wholly-owned subsidiary of VectoIQ ("Merger Sub"), pursuant to which Merger Sub merged with and into Legacy Nikola, with Legacy Nikola surviving the merger as a wholly-owned subsidiary of VectoIQ (which subsequently changed its name to "Nikola Corporation", the "Issuer").
(2) Consists of 39,876,497 shares beneficially owned by T&M Residual, LLC ("T&M"). As manager of T&M, Mr. Russell may be deemed to indirectly beneficially own shares held by such entity.
(3) Option is fully vested and exercisable.
(4) Received in exchange for an option to purchase 4,651,920 shares of Legacy Nikola common stock.

Remarks:
This Form 4 is filed jointly by T&M and Mark A. Russell. T&M is owned by Mr. Russell and Trevor A. Milton, a director and officer of the Issuer. Mr. Milton has sole voting power with respect to the shares held by T&M, and Mr. Russell has sole dispositive power with respect to the shares held by T&M.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
RUSSELL MARK A
4141 E BROADWAY ROAD
PHOENIX, AZ 85040
XXPresident and CEO
T&M Residual, LLC
4141 E BROADWAY ROAD
PHOENIX, AZ 85040

X


Signatures
/s/ Mark A. Russell6/5/2020
**Signature of Reporting PersonDate

T&M Residual, LLC By: /s/ Mark A. Russell Name: Mark A. Russell Title: Manager6/5/2020
**Signature of Reporting PersonDate

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