Embark Investor Presentation Deck

EMBARK SHARE DETAIL Share Type Class A (1) Class B(1) Basic Shares Outstanding Other Securities Private Warrants (2) Public Warrants (3) Options Outstanding (4) RSU Outstanding Performance Stock Units Outstanding Common Stock Units Outstanding Total Shares (1) (2) (3) (5) Amount EMBARK 362,873,244 87,078,981 449,952,225 8,686,667 14,466,599 25,358,426 9,614,026 44,715,756 1,481,065 554,274,764 Description Common stock - 1 vote per share Common stock - 10 votes per share Exercisable at $11.50 per share for Class A shares Exercisable at $11.50 per share for Class A shares Weighted average exercise price of $0.20 Vests over four years Performance based RSUS which begin to vest with EMBK trading at greater than $20 per share(5) Issued in related to exercised warrants As of March 7, 2022. Includes 2,000,000 Issuance of warrants upon conversion of convertible note. Includes 666,663 forward purchase agreements warrants. Of this amount, 17.7 million are vested and exercisable as of 12/31/21. PSUs do not begin to vest until Embark's share price is at least $20.00, with a vesting schedule comprised of six price-based increments up to $100 per share. 10K Reference Item 12 (Beneficial Ownership of Securities) Item 12 (Beneficial Ownership of Securities) Item 8 (6 Warrants) Item 8 (6 Warrants) Item 8 (7 Stock-Based Compensation Expense) Item 8 (7 Stock-Based Compensation Expense) Item 8 (7 Stock-Based Compensation Expense) Item 8 (7 Stock-Based Compensation Expense) • 18

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