Chiodo Patricia 4
4 · Embark Technology, Inc. · Filed Aug 4, 2023
Insider Transaction Report
Form 4
Chiodo Patricia
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2023-08-02−10,760→ 0 total
Footnotes (1)
- [F1]Of the reported shares, 493 are represented by restricted stock units, or RSUs, of which 401 are vested. Pursuant to an Agreement and Plan of Merger, dated as of May 25, 2023 (the "Merger Agreement"), by and among the Issuer, Applied Intuition, Inc., and Azara Merger Sub, Inc., at the effective time of the merger, each share of Class A common stock was cancelled and automatically converted into the right to receive an amount equal to $2.88 in cash, without interest (the "Per Share Price") and each outstanding RSU was automatically cancelled and converted into the right to receive the Per Share Price, subject to the terms set forth in the Merger Agreement. The remaining 475 unvested RSUs were cancelled.