Embark Investor Presentation Deck

NON-GAAP RECONCILIATION: STOCK-BASED COMPENSATION Embark Technology, Inc. Stock-Based Compensation (in thousands) (unaudited) Reported stock-based compensation expense (GAAP) Accrued bonus to be settled in stock EMBARK Transaction related stock-based expense Adjusted stock-based compensation expense $ Three Months Ended 3/31/2022 (16,602) (1,186) $ (17,788) 12/31/2021 $ (44,171) 27,692 $ (16,479) • 16

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