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Nikola founder Trevor Milton can sell his 91.6 million shares starting Tuesday as insider lockup period expires

December 1, 2020


Ousted Nikola founder and Chairman Trevor Milton is the company’s largest shareholder with more than a fourth of the start-up’s shares, and he can sell all of them beginning Tuesday.

Milton, who disappeared from the public eye and deleted all social media accounts after resigning in a haze of controversy in September, once again has Wall Street’s attention. He owns about 91.6 million shares of Nikola – valued at about $1.9 billion based on Monday’s closing price – that he can trade for the first time since the company went public in early June.

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