Sec Form 13G Filing - Data Collective IV L.P. filing for Embark Technology Inc. (EMBK) - 2021-11-19

Insider filing report for Changes in Beneficial Ownership

  • Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
  • Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Schedule 13G

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d)

AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b)

(Amendment No. ___________)*

 

Embark Technology, Inc.

(Name of Issuer)

 

Class A Common Stock, par value $0.0001

(Title of Class of Securities)

 

29079J103

(CUSIP Number)

 

November 10, 2021

(Date of Event Which Requires Filing of this Statement)

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

 

¨Rule 13d-1(b)

 

xRule 13d-1(c)

 

¨Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

 

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

(Continued on following pages)

 

Page 1 of 10

 

Exhibit Index on Page 9

 

 

 

 

 

 

CUSIP # 29079J103 Page 2 of 10

 

1 NAME OF REPORTING PERSONS          Data Collective IV, L.P. (“DCVC IV”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)          ¨           (b)          x
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
63,720,154 shares, except that Data Collective IV GP, LLC (“DCVC IV GP”), the general partner of DCVC IV, may be deemed to have sole power to vote these shares, and Matthew Ocko (“Ocko”) and Zachary Bogue (“Bogue”), the managing members of DCVC IV GP, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
7 SOLE DISPOSITIVE POWER
63,720,154 shares, except that DCVC IV GP, the general partner of DCVC IV, may be deemed to have sole power to dispose of these shares, and Ocko and Bogue, the managing members of DCVC IV GP, may be deemed to have shared power to dispose of these shares.  
8 SHARED DISPOSITIVE POWER
See response to row 7.

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
63,720,154
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES
¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
    17.6%
12 TYPE OF REPORTING PERSON PN

 

 

 

 

CUSIP # 29079J103 Page 3 of 10

 

1 NAME OF REPORTING PERSONS          Data Collective IV GP, LLC (“DCVC IV GP”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)          ¨           (b)          x
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
63,720,154 shares, all of which are directly owned by DCVC IV. DCVC IV GP, the general partner of DCVC IV, may be deemed to have sole power to vote these shares, and Ocko and Bogue, the managing members of DCVC IV GP, may be deemed to have shared power to vote these shares.
6 SHARED VOTING POWER
See response to row 5.
7 SOLE DISPOSITIVE POWER
63,720,154 shares, all of which are directly owned by DCVC IV. DCVC IV GP, the general partner of DCVC IV, may be deemed to have sole power to vote these shares, and Ocko and Bogue, the managing members of DCVC IV GP, may be deemed to have shared power to dispose of these shares.  
8 SHARED DISPOSITIVE POWER
See response to row 7.

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
63,720,154
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES
¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
    17.6%
12 TYPE OF REPORTING PERSON OO

 

 

 

 

CUSIP # 29079J103 Page 4 of 10

 

1 NAME OF REPORTING PERSONS          Matthew Ocko (“Ocko”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)          ¨           (b)          x
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
See response to row 6.
6 SHARED VOTING POWER
63,720,154 shares, all of which are directly owned by DCVC IV. Ocko is a managing member of DCVC IV GP, which is the general partner of DCVC IV. Ocko may be deemed to have shared power to vote these shares.
7 SOLE DISPOSITIVE POWER
See response to row 8.  
8 SHARED DISPOSITIVE POWER
63,720,154 shares, all of which are directly owned by DCVC IV. Ocko is a managing member of DCVC IV GP, which is the general partner of DCVC IV. Ocko may be deemed to have shared power to dispose of these shares.

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
63,720,154
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES
¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
    17.6%
12 TYPE OF REPORTING PERSON IN

 

 

 

 

CUSIP # 29079J103 Page 5 of 10

 

1 NAME OF REPORTING PERSONS          Zachary Bogue (“Bogue”)
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a)          ¨           (b)          x
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States

NUMBER OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON
WITH
5 SOLE VOTING POWER
See response to row 6.
6 SHARED VOTING POWER
63,720,154 shares, all of which are directly owned by DCVC IV. Bogue is a managing member of DCVC IV GP, which is the general partner of DCVC IV. Bogue may be deemed to have shared power to vote these shares.
7 SOLE DISPOSITIVE POWER
See response to row 8.  
8 SHARED DISPOSITIVE POWER
63,720,154 shares, all of which are directly owned by DCVC IV. Bogue is a managing member of DCVC IV GP, which is the general partner of DCVC IV. Bogue may be deemed to have shared power to dispose of these shares.

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON
63,720,154
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
EXCLUDES CERTAIN SHARES
¨
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
    17.6%
12 TYPE OF REPORTING PERSON IN

 

 

 

 

CUSIP # 29079J103 Page 6 of 10

 

ITEM 1(A).NAME OF ISSUER
  
 Embark Technology, Inc. (the “Issuer”)

 

ITEM 1(B).ADDRESS OF ISSUER’S PRINCIPAL EXECUTIVE OFFICES
  
 424 Townsend Street
 San Francisco, CA 94107

 

ITEM 2(A).NAME OF PERSONS FILING
  
 This Schedule is filed by Data Collective IV, L.P., a Delaware limited partnership (“DCVC IV”), Data Collective IV GP, LLC, a Delaware limited liability company (“DCVC IV GP”), Matthew Ocko (“Ocko”) and Zachary Bogue (“Bogue”). The foregoing entities and individuals are collectively referred to as the “Reporting Persons.”

 

ITEM 2(B).ADDRESS OF PRINCIPAL OFFICE
  
 The address for each of the Reporting Persons is:
  
 c/o DCVC Management Co, LLC
 270 University Avenue
 Palo Alto, CA 94301

 

ITEM 2(C).CITIZENSHIP
  
 See Row 4 of cover page for each Reporting Person.

 

ITEM 2(D).TITLE OF CLASS OF SECURITIES
  
 Class A Common Stock, par value $0.0001

 

ITEM 2(E)CUSIP NUMBER
  
 29079J103

 

ITEM 3.If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:
  
 Not applicable.

 

 

 

 

CUSIP # 29079J103 Page 7 of 10

 

 

ITEM 4.OWNERSHIP
  
 The following information with respect to the ownership of the Class A Common Stock of the Issuer by the persons filing this Statement is provided as of November 10, 2021:

 

(a)Amount beneficially owned:
   
  See Row 9 of cover page for each Reporting Person.
   
 (b)Percent of Class:
   
  See Row 11 of cover page for each Reporting Person.
   
 (c)Number of shares as to which such person has:
   
    (i) Sole power to vote or to direct the vote:
       
      See Row 5 of cover page for each Reporting Person.
       
    (ii) Shared power to vote or to direct the vote:
       
      See Row 6 of cover page for each Reporting Person.
       
    (iii) Sole power to dispose or to direct the disposition of:
       
      See Row 7 of cover page for each Reporting Person.
       
    (iv) Shared power to dispose or to direct the disposition of:
       
      See Row 8 of cover page for each Reporting Person.

 

ITEM 5.OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
  
 Not applicable.

 

ITEM 6.OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
  
 Under certain circumstances set forth in the limited partnership agreement of DCVC IV and the limited liability company agreement of DCVC IV GP the partners or members, as the case may be, of each of such entities may be deemed to have the right to receive dividends from, or the proceeds from the sale of, shares of the Issuer directly or indirectly owned by each such entity of which they are a partner or member.

 

ITEM 7.IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
  
 Not applicable.

 

ITEM 8.IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
  
 Not applicable

 

ITEM 9.NOTICE OF DISSOLUTION OF GROUP.
  
 Not applicable

 

ITEM 10.CERTIFICATION.
  
 By signing below, I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

 

 

 

 

CUSIP # 29079J103 Page 8 of 10

 

SIGNATURES

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: November 19, 2021

 

  Data Collective IV, L.P.
   
  By: Data Collective IV GP, LLC
  Its: General Partner
   
  By: /s/ Zachary Bogue
  Name: Zachary Bogue
  Title: Managing Member
   
   
  Data Collective IV GP, LLC
   
  By: /s/ Zachary Bogue
  Name: Zachary Bogue
  Title: Managing Member
   
   
  Matthew Ocko
   
  By: /s/ Matthew Ocko
  Name: Matthew Ocko
   
   
  Zachary Bogue
   
  By: /s/ Zachary Bogue
  Name: Zachary Bogue

 

 

 

 

CUSIP # 29079J103 Page 9 of 10

 

EXHIBIT INDEX

 

  Found on
Sequentially
Exhibit Numbered Page
   
Exhibit A:  Agreement of Joint Filing 10

 

 

 

 

CUSIP # 29079J103 Page 10 of 10

 

exhibit A

 

Agreement of Joint Filing

 

The undersigned hereby agree that a single Schedule 13G (or any amendment thereto) relating to the Class A Common Stock of the Issuer shall be filed on behalf of each of the undersigned and that this Agreement shall be filed as an exhibit to such Schedule 13G.

 

Date: November 19, 2021

 

  Data Collective IV, L.P.
   
  By: Data Collective IV GP, LLC
  Its: General Partner
   
  By: /s/ Zachary Bogue
  Name: Zachary Bogue
  Title: Managing Member
   
   
  Data Collective IV GP, LLC
   
  By: /s/ Zachary Bogue
  Name: Zachary Bogue
  Title: Managing Member
   
   
  Matthew Ocko
   
  By: /s/ Matthew Ocko
  Name: Matthew Ocko
   
   
  Zachary Bogue
   
  By: /s/ Zachary Bogue
  Name: Zachary Bogue