As Nikola Corp. (NASDAQ: NKLA) sunk to a 52-week low this week, founder and former Executive Chairman Trevor Milton lost his paper billionaire status.
Some of the 50 early employees of the startup electric truck maker who received founders’ options as a gift from Milton in September 2020 are beginning to unload them.
Securities and Exchange Commission (SEC) filings show that 147,153 options exercisable at $1.06 each were sold between March 22 and Wednesday this week. It is unclear how many...
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