Robertson Ian 4
4 · Embark Technology, Inc. · Filed Aug 4, 2023
Insider Transaction Report
Form 4
Robertson Ian
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2023-08-02−9,884→ 0 total - Disposition to Issuer
Class A Common Stock
2023-08-02−8,226→ 0 total(indirect: By Techno Whiz Kid Inc.) - Disposition to Issuer
Warrants
2023-08-02−6,991→ 0 total(indirect: By Techno Whiz Kid Inc.)Exercise: $230.00From: 2021-12-31Exp: 2026-11-10→ Class A Common Stock (6,991 underlying)
Footnotes (2)
- [F1]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 (the "Effective Time"), 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").
- [F2]Pursuant to the Merger Agreement and the Warrant Agreement, dated January 12, 2021, as amended, between the Issuer and Continental Stock Transfer Trust Company, at the Effective Time, each outstanding and unexercised warrant was automatically cancelled and converted into the right to receive an amount in cash equal to (1) the total number of shares of Common Stock underlying such Warrant multiplied by (2) the excess, if any, of the Per Share Price over the Warrant Price (as defined in the Warrant Agreement), without interest and subject to applicable withholding taxes. The consideration per Company Warrant was determined to equal $0.0091 in cash.