Embark Results Presentation Deck

EMBARK SHARE DETAIL Share Type Class A (¹1) Class B (1) 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 (5) Amount EMBARK 19,067,925 4,353,948 23,421,873 56,176 434,333 723,330 774,553 1,218,236 2,235,780 54,071 28,918,352 Description Common stock - 1 vote per share Common stock - 10 votes per share Note: All data as of 9/30/22 unless otherwise noted. (1) As of November 2, 2022. (2) Includes 2,000,000 Issuance of warrants upon conversion of convertible note. Following the Reverse Stock Split on August 16, 2022, warrants were impacted by the same ratio upon exercise. Each whole warrant is now exercisable for 1/20th share of Class A common stock at an exercise price of $11.50 per share. Figures shown in table above reflect 1/20th ratio upon exercise. (3) Includes 666,663 forward purchase agreements warrants. Following the Reverse Stock Split on August 16, 2022, warrants were im pacted by the same ratio upon exercise. Each whole warrant is now exercisable for 1/20th share of Class A common stock at an exercise price of $11.50 per share. Figures shown in table above reflect 1/20th ratio upon exercise. Of this amount, 587,942 are vested and exercisable at $3.20 as of 9/30/22. PSUS do not begin to vest until Embark's share price is at least $400.00, with a vesting schedule comprised of six price-based increments up to $2,000 per share. Class A shares exercised or vested, but not yet issued as of 9/30/22 Exercisable at $11.50 per share for 1/20th of a Class A common stock per warrant Exercisable at $11.50 per share for 1/20th of a Class A common stock per warrant Weighted average exercise price of $4.74 Vests over four years Performance based RSUS vesting with EMBK trading at greater than $400 per share (5) Related to exercised warrants • 18

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