Sec Form 4 Filing - UBBEN JEFFREY W @ Nikola Corp - 2021-04-22

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
UBBEN JEFFREY W
2. Issuer Name and Ticker or Trading Symbol
Nikola Corp [ NKLA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
572 RUGER STREET, SUITE B
3. Date of Earliest Transaction (MM/DD/YY)
04/22/2021
(Street)
SAN FRANCISCO, CA94129
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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, par value $0.0001 per share ("Common Stock") 04/22/2021 A 16,682 ( 1 ) A $ 0 ( 1 ) 37,682 D ( 3 )
Common Stock 10,275,437 I See footnotes ( 2 ) ( 3 )
Common Stock 3,552,006 I See footnotes ( 3 ) ( 4 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
UBBEN JEFFREY W
572 RUGER STREET
SUITE B
SAN FRANCISCO, CA94129
X
Signatures
/s/ Jeffrey W. Ubben 04/26/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares of common stock issuable upon settlement of a restricted stock unit award that vests on April 22, 2022, subject to continued service with the Issuer through such date. The restricted stock unit was awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"). Mr. Ubben is deemed to hold the award for the benefit of Inclusive Capital Partners Spring Master Fund, L.P. ("In-Cap Spring Master Fund") and Inclusive Capital Partners, L.P., a Delaware limited partnership ("In-Cap").
( 2 )The securities reported herein are held by In-Cap Spring Master Fund. In-Cap acts as investment manager to In-Cap Spring Master Fund. The Reporting Person indirectly controls In-Cap.
( 3 )The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.
( 4 )The securities reported herein are held by Spring NM, LLC ("Spring NM"). The Reporting Person is the managing member of Spring NM.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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