Embark Investor Presentation Deck

EMBARK SHARE DETAIL Share Type Class A (1) Class B Basic Shares Outstanding Other Securities Exercised / Vested, Not Issued Class A Private Warrants (2) Public Warrants (3) Options Outstanding (4) RSU Outstanding Performance Stock Units Outstanding Common Stock Units Outstanding Total Shares (1) (2) (3 (4) (5 Amount EMBARK 362,832,724 87,078,981 449,911,705 4,060,340 8,686,667 14,466,599 21,479,632 9,317,225 44,715,756 1,347,848 553,985,772 Description Common stock - 1 vote per share Common stock - 10 votes per share Note: All data as of 3/31/22 unless otherwise noted. As of May 4, 2022. Includes 2,000,000 Issuance of warrants upon conversion of convertible note. Includes 666,663 forward purchase agreements warrants. Of this amount, 15.3 million are vested and exercisable at $0.13 as of 3/31/22. 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. Class A shares exercised or vested, but not yet issued as of 3/31/22 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 $0.21 Vests over four years Performance based RSUS which begin to vest with EMBK trading at greater than $20 per share (5) Related to exercised warrants • 17

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