Statement of Changes in Beneficial Ownership (4)

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 ^* Milton Trevor R.	2. Issuer Name and Ticker or Trading Symbol Nikola Corp [ NKLA ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle) P.O. BOX 50608	3. Date of Earliest Transaction (MM/DD/YYYY) 2/17/2021
(Street) PHOENIX, AZ 85076 (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)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	2/17/2021		X⁽¹⁾⁽²⁾		40155	D	$1.06	83829582	I	By M&M Residual, LLC ⁽³⁾
Common Stock	2/17/2021		X⁽¹⁾⁽²⁾		180153	D	$9.67	83649429	I	By M&M Residual, LLC ⁽³⁾
Common Stock								600000 ⁽⁴⁾	D

*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 Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. 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 Date		7. 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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Founder Stock Options (Obligation to Sell)	$9.67	2/17/2021		X ⁽¹⁾⁽⁵⁾			180153	6/3/2020	12/31/2028	Common Stock	180153	$0	0	I	By M&M Residual, LLC ⁽³⁾
Founder Stock Options (Obligation to Sell)	$1.06	2/17/2021		X ⁽¹⁾⁽⁵⁾			40155	6/3/2020	12/31/2028	Common Stock	40155	$0	2698790	I	By M&M Residual, LLC ⁽³⁾

Explanation of Responses:
(1)	As previously reported on the Schedule 13D filed on June 3, 2020 by the reporting persons, prior to June 3, 2020, M&M Residual, LLC ("M&M") issued 3,158,949 stock options to recognize the superior performance and contribution of specified employees of Nikola Subsidiary Corporation (f/k/a Nikola Corporation) ("Legacy Nikola") pursuant to Legacy Nikola's Founder Stock Option Plan (the "Founder Stock Options"). On June 3, 2020, as a result of the closing of the business combination between Legacy Nikola and Nikola Corporation (f/k/a VectoIQ Acquisition Corp.)("Nikola"), the previously issued Founder Stock Options became exercisable by the employees for a total of 6,005,139 shares of Common Stock of Nikola ("Common Stock") held by M&M.
(2)	The reported transactions represent the disposition of Common Stock held by M&M upon the exercise by current and former Nikola employees of the Founder Stock Options that M&M previously granted to the employees.
(3)	As manager of M&M, Mr. Milton may be deemed to indirectly beneficially own securities held by such entity.
(4)	The reported holdings represent Common Stock issuable on or prior to March 15, 2021 upon settlement of a restricted stock unit award that Nikola previously granted to Mr. Milton in connection with his employment.
(5)	The reported transactions represent the exercise by current and former Nikola employees of Founder Stock Options that M&M previously granted to the employees.

Remarks:
This Form 4 is filed jointly by Trevor R. Milton and M&M Residual, LLC.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Milton Trevor R. P.O. BOX 50608 PHOENIX, AZ 85076		X
M&M Residual, LLC P.O. BOX 50608 PHOENIX, AZ 85076		X

Signatures
/s/ Trevor R. Milton		2/19/2021
^**Signature of Reporting Person		Date
M&M Residual, LLC /s/ Trevor R. Milton Name: Trevor R. Milton Title: Manager		2/19/2021
^**Signature of Reporting Person		Date