Trevor R. Milton Form 4 Nikola / Trevor R. Milton ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Milton Trevor R.

(Last) (First) (Middle)

P.O. BOX 51060

(Street)

PHOENIX AZ 85076

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
12/03/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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

1. Name and Address of Reporting Person^*

Milton Trevor R.

(Last) (First) (Middle)

P.O. BOX 51060

(Street)

PHOENIX AZ 85076

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

M&M Residual, LLC

(Last) (First) (Middle)

P.O. BOX 51060

(Street)

PHOENIX AZ 85076

(City) (State) (Zip)

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.

	/s/ Trevor R. Milton	12/07/2020
	M&M Residual, LLC By: /s/ Trevor R. Milton Name: Trevor R. Milton Title: Manager	12/07/2020
	** Signature of Reporting Person	Date
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).
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