Nikola Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

OTCPK:NKLA.Q Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
04 Dec 24	SellUS$918	Dirk Hoefelmann	Individual	546	US$1.68
04 Sep 24	SellUS$8,623	Thomas Okray	Individual	1,396	US$6.18
04 Sep 24	SellUS$4,429	Mary Shio Chan	Individual	717	US$6.18
04 Sep 24	SellUS$2,174	Dirk Hoefelmann	Individual	352	US$6.18
06 Aug 24	SellUS$35,909	Stephen Girsky	Individual	4,636	US$7.75
04 Jun 24	SellUS$8,709	Dirk Hoefelmann	Individual	567.67	US$15.34
20 May 24	BuyUS$540,000	Stephen Girsky	Individual	33,333.3	US$16.20

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of NKLA.Q?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	228,894	0.271%
Private Companies	231,777	0.274%
Institutions	30,940,179	36.6%
General Public	53,066,901	62.8%

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 89.7%.

Top Shareholders

Top 25 shareholders own 33.99% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
5.61%	The Bank of Nova Scotia, Banking Investments	4,740,923	US$853.8k	0%	no data
4.2%	Norges Bank Investment Management	3,545,693	US$638.6k	0%	no data
4.14%	Antara Capital LP	3,499,900	US$630.3k	0%	3.34%
2.71%	The Vanguard Group, Inc.	2,292,599	US$412.9k	-1.21%	no data
2.15%	BlackRock, Inc.	1,814,773	US$326.8k	51.8%	no data
1.98%	Nomura Holdings Inc, Securities & Investment Arm	1,674,372	US$301.6k	0%	no data
1.49%	Toronto-Dominion Bank, Securities Investments	1,256,709	US$226.3k	0%	no data
1.32%	UBS Asset Management AG	1,116,342	US$201.1k	2,320%	no data
1.31%	Jane Street Group, LLC, Asset Management Arm	1,104,409	US$198.9k	315%	no data
0.89%	Van Eck Associates Corporation	750,749	US$135.2k	121%	no data
0.81%	Millennium Management LLC	683,270	US$123.1k	-49.3%	no data
0.77%	Simplex Trading, LLC, Asset Management Arm	646,921	US$116.5k	0%	no data
0.75%	Morgan Stanley, Investment Banking and Brokerage Investments	630,877	US$113.6k	244%	no data
0.71%	Geode Capital Management, LLC	599,838	US$108.0k	14.3%	no data
0.68%	XTX Holdings Limited, Asset Management Arm	578,413	US$104.2k	712%	0.01%
0.64%	National Bank Investments Inc.	544,502	US$98.1k	457,000%	no data
0.61%	Mirae Asset Global Investments Co., Ltd.	516,661	US$93.1k	-13.3%	no data
0.59%	Susquehanna International Group, LLP, Asset Management Arm	497,034	US$89.5k	4,520%	no data
0.57%	Charles Schwab Investment Management, Inc.	478,171	US$86.1k	113%	no data
0.52%	Citigroup Inc.,Banking and Securities Investments	438,628	US$79.0k	89.3%	no data
0.38%	Alyeska Investment Group, L.P.	319,792	US$57.6k	0%	no data
0.31%	Goldman Sachs Group, Investment Banking and Securities Investments	259,412	US$46.7k	68.1%	no data
0.29%	Bank of America Corporation, Asset Management Arm	245,767	US$44.3k	-68.1%	no data
0.29%	Susquehanna Fundamental Investments, LLC	244,193	US$44.0k	443%	no data
0.27%	Robert Bosch GmbH	231,777	US$41.7k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/03/05 22:46
End of Day Share Price	2025/03/05 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Nikola Corporation is covered by 12 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Thomas Mordelle	Bryan Garnier & Co
Paul de Froment	Bryan Garnier & Co
Garrett Nelson	CFRA Equity Research