Statement of Changes in Beneficial Ownership (4)
May 13 2021 - 6:17PM
Edgar (US Regulatory)
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
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
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)
5/11/2021 |
(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)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common Stock | 5/11/2021 | | X(1)(2) | | 20000 | D | $1.06 | 79059795 | 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) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Founder Stock Options (Obligation to Sell) | $1.06 | 5/11/2021 | | X (1)(5) | | | 20000 | 6/3/2020 | 12/31/2028 | Common Stock | 20000 | $0 | 2161642 | 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 issued on 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 |
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 | | 5/13/2021 |
**Signature of Reporting Person | Date |
M&M Residual, LLC /s/ Trevor R. Milton Name: Trevor R. Milton Title: Manager | | 5/13/2021 |
**Signature of Reporting Person | Date |
Nikola (NASDAQ:NKLA)
Historical Stock Chart
From Aug 2024 to Sep 2024
Nikola (NASDAQ:NKLA)
Historical Stock Chart
From Sep 2023 to Sep 2024