Sec Form 4 Filing - Milton Trevor R. @ Nikola Corp - 2020-12-03

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
Milton Trevor R.
2. Issuer Name and Ticker or Trading Symbol
Nikola Corp [ NKLA]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
P.O. BOX 51060
3. Date of Earliest Transaction (MM/DD/YY)
12/03/2020
(Street)
PHOENIX, AZ85076
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ 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 12/03/2020 J( 1 ) 2,744,543 D $ 18.98 88,899,591 I By M&M Residual, LLC ( 2 )
Common Stock 12/03/2020 X( 3 ) 220,125 D $ 10.4 88,679,466 I By M&M Residual, LLC ( 2 )
Common Stock 12/03/2020 X( 4 ) 278,843 D $ 4.52 88,400,623 I By M&M Residual, LLC ( 2 )
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
Milton Trevor R.
P.O. BOX 51060
PHOENIX, AZ85076
X
M&M Residual, LLC
P.O. BOX 51060
PHOENIX, AZ85076
X
Signatures
/s/ Trevor R. Milton 12/07/2020
Signature of Reporting Person Date
M&M Residual, LLCBy: /s/ Trevor R. MiltonName: Trevor R. MiltonTitle: Manager 12/07/2020
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reported dispositions were made as consideration agreed to by the reporting person on March 13, 2020 in connection with previously negotiated transactions for the purchase of real estate.
( 2 )As manager of M&M Residual, LLC, Mr. Milton may be deemed to indirectly beneficially own shares held by such entity.
( 3 )The reported sales were made pursuant to the exercise of an option to purchase granted by the reporting person on May 25, 2020 in connection with transactions for the purchase of real estate.
( 4 )The reported sales were made pursuant to the exercise of an option to purchase granted by the reporting person on March 29, 2019 in connection with transactions for the purchase of real estate.

Remarks:
This Form 4 is filed jointly by Trevor R. Milton and M&M Residual, LLC.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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