Erickson Michael Lee 4
4 · Nikola Corp · Filed Jun 5, 2020
Insider Transaction Report
Form 4
Nikola CorpNKLA
Erickson Michael Lee
President, Nikola Powersports
Transactions
- Award
Stock Option (right to buy)
2020-06-03+936,307→ 936,307 totalExercise: $1.05Exp: 2028-05-06→ Common Stock (936,307 underlying)
Footnotes (2)
- [F1]Option is fully vested and exercisable.
- [F2]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"), in exchange for an option to purchase 492,534 shares of Legacy Nikola common stock.