Form 4: Nikola Corp's Chief Legal Officer, Britton M. Worthen, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Britton M. Worthen, Chief Legal Officer of Nikola Corp, reports the acquisition and disposal of common stock and restricted stock units.
Summary
- On April 25, 2024, Britton M. Worthen, the Chief Legal Officer of Nikola Corp, reported changes in beneficial ownership.
- Worthen acquired 1,137,000 shares of common stock at $0.
- Worthen disposed of shares, resulting in a total of 1,784,449 shares beneficially owned following the reported transactions.
- The report also details a restricted stock unit award that vests in three equal annual installments beginning on March 3, 2025.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions by a company insider.
Future Outlook
The restricted stock unit award vests in three equal annual installments beginning on March 3, 2025, subject to continued service with the Issuer.
Industry Context
Form 4 filings are standard disclosures required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Date of transaction involving common stock acquisition. |
| 03/03/2025 | First vesting date for the restricted stock unit award. |
| 04/29/2024 | Date of signature for the report. |
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