X0306 4 2021-05-27 0001731289 Nikola Corp NKLA 0001808962 Milton Trevor R. P.O. BOX 50608 PHOENIX AZ 85076 true 0001813379 M&M Residual, LLC P.O. BOX 50608 PHOENIX AZ 85076 true Common Stock 2021-05-27 4 X 0 10000 1.06 D 79049795 I By M&M Residual, LLC Common Stock 600000 D Founder Stock Options (Obligation to Sell) 1.06 2021-05-27 4 X 0 10000 0 D 2020-06-03 2028-12-31 Common Stock 10000 2151642 I By M&M Residual, LLC As previously reported on the Schedule 13D filed on June 3, 2020 by the reporting persons, prior to June 3, 2020, M&M Residual, LLC ("M&M") issued 3,158,949 stock options to recognize the superior performance and contribution of specified employees of Nikola Subsidiary Corporation (f/k/a Nikola Corporation) ("Legacy Nikola") pursuant to Legacy Nikola's Founder Stock Option Plan (the "Founder Stock Options"). On June 3, 2020, as a result of the closing of the business combination between Legacy Nikola and Nikola Corporation (f/k/a VectoIQ Acquisition Corp.)("Nikola"), the previously issued Founder Stock Options became exercisable by the employees for a total of 6,005,139 shares of Common Stock of Nikola ("Common Stock") held by M&M. The reported transactions represent the disposition of Common Stock held by M&M upon the exercise by current and former Nikola employees of the Founder Stock Options that M&M previously granted to the employees. As manager of M&M, Mr. Milton may be deemed to indirectly beneficially own securities held by such entity. The reported holdings represent Common Stock issued on March 15, 2021 upon settlement of a restricted stock unit award that Nikola previously granted to Mr. Milton in connection with his employment. The reported transactions represent the exercise by current and former Nikola employees of Founder Stock Options that M&M previously granted to the employees. This Form 4 is filed jointly by Trevor R. Milton and M&M Residual, LLC. /s/ Trevor R. Milton 2021-06-01 M&M Residual, LLC /s/ Trevor R. Milton Name: Trevor R. Milton Title: Manager 2021-06-01