UBBEN JEFFREY W

SEC source: 0001214659-22-001929 · ownership.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 177,000

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $79.93 to $80.16, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

F2 · ownership.nature: The securities reported herein are held by funds managed by Inclusive Capital Partners, L.P., a Delaware limited partnership ("In-Cap"). Mr. Jeffrey W. Ubben ("Mr. Ubben" or the "Reporting Person") indirectly controls In-Cap.

F3 · ownership.nature: The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.

SEC source: 0000902664-22-001068 · ownership.xml · derivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · 10% owner · See Remarks

INCLUSIVE CAPITAL PARTNERS, L.P. · CIK 0001817187 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,081

Underlying: Common Stock · 2,081 shares

Expires not disclosed

F2 · shares: Restricted stock units awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"), which he is deemed to hold for the benefit of Inclusive Capital Partners, L.P., a Delaware limited partnership ("In-Cap"), and certain funds (the "In-Cap Funds") to which In-Cap acts as an investment manager. Each restricted stock unit is the economic equivalent of one share of common stock and includes a tandem grant of a dividend equivalent right entitling the holder to receive an amount in cash equal to the value of any cash dividends paid to the holders of the Issuer's common stock during the period in which the restricted stock unit is outstanding. The restricted stock units will vest on the first anniversary of the date of grant as long as Mr. Ubben continues to serve as a member of the board of directors of the Issuer through such date, and may be settled in either cash or shares of common stock.

F2 · derivative.exercise_date: Restricted stock units awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"), which he is deemed to hold for the benefit of Inclusive Capital Partners, L.P., a Delaware limited partnership ("In-Cap"), and certain funds (the "In-Cap Funds") to which In-Cap acts as an investment manager. Each restricted stock unit is the economic equivalent of one share of common stock and includes a tandem grant of a dividend equivalent right entitling the holder to receive an amount in cash equal to the value of any cash dividends paid to the holders of the Issuer's common stock during the period in which the restricted stock unit is outstanding. The restricted stock units will vest on the first anniversary of the date of grant as long as Mr. Ubben continues to serve as a member of the board of directors of the Issuer through such date, and may be settled in either cash or shares of common stock.

F2 · derivative.expiration_date: Restricted stock units awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"), which he is deemed to hold for the benefit of Inclusive Capital Partners, L.P., a Delaware limited partnership ("In-Cap"), and certain funds (the "In-Cap Funds") to which In-Cap acts as an investment manager. Each restricted stock unit is the economic equivalent of one share of common stock and includes a tandem grant of a dividend equivalent right entitling the holder to receive an amount in cash equal to the value of any cash dividends paid to the holders of the Issuer's common stock during the period in which the restricted stock unit is outstanding. The restricted stock units will vest on the first anniversary of the date of grant as long as Mr. Ubben continues to serve as a member of the board of directors of the Issuer through such date, and may be settled in either cash or shares of common stock.

F2 · derivative.underlying_shares: Restricted stock units awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"), which he is deemed to hold for the benefit of Inclusive Capital Partners, L.P., a Delaware limited partnership ("In-Cap"), and certain funds (the "In-Cap Funds") to which In-Cap acts as an investment manager. Each restricted stock unit is the economic equivalent of one share of common stock and includes a tandem grant of a dividend equivalent right entitling the holder to receive an amount in cash equal to the value of any cash dividends paid to the holders of the Issuer's common stock during the period in which the restricted stock unit is outstanding. The restricted stock units will vest on the first anniversary of the date of grant as long as Mr. Ubben continues to serve as a member of the board of directors of the Issuer through such date, and may be settled in either cash or shares of common stock.

F1 · ownership.direct: The filing of this statement shall not be deemed an admission that either Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Persons expressly disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

F2 · ownership.direct: Restricted stock units awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"), which he is deemed to hold for the benefit of Inclusive Capital Partners, L.P., a Delaware limited partnership ("In-Cap"), and certain funds (the "In-Cap Funds") to which In-Cap acts as an investment manager. Each restricted stock unit is the economic equivalent of one share of common stock and includes a tandem grant of a dividend equivalent right entitling the holder to receive an amount in cash equal to the value of any cash dividends paid to the holders of the Issuer's common stock during the period in which the restricted stock unit is outstanding. The restricted stock units will vest on the first anniversary of the date of grant as long as Mr. Ubben continues to serve as a member of the board of directors of the Issuer through such date, and may be settled in either cash or shares of common stock.

SEC source: 0000902664-22-000735 · ownership.xml · derivative · entry 3

UBBEN JEFFREY W · CIK 0001159187 · Director · 10% owner · See Remarks

INCLUSIVE CAPITAL PARTNERS, L.P. · CIK 0001817187 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock · 2,379 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On January 27, 2022, the restricted stock units reported herein vested in accordance with Mr. Ubben's grant award and were settled through the issuance of an equal number of shares of common stock to Mr. Ubben. Mr. Ubben is deemed to hold the common stock received upon vesting for the benefit of the In-Cap Funds (as defined below) and In-Cap (as defined below).

F1 · derivative.exercise_date: On January 27, 2022, the restricted stock units reported herein vested in accordance with Mr. Ubben's grant award and were settled through the issuance of an equal number of shares of common stock to Mr. Ubben. Mr. Ubben is deemed to hold the common stock received upon vesting for the benefit of the In-Cap Funds (as defined below) and In-Cap (as defined below).

F1 · derivative.expiration_date: On January 27, 2022, the restricted stock units reported herein vested in accordance with Mr. Ubben's grant award and were settled through the issuance of an equal number of shares of common stock to Mr. Ubben. Mr. Ubben is deemed to hold the common stock received upon vesting for the benefit of the In-Cap Funds (as defined below) and In-Cap (as defined below).

F1 · derivative.underlying_shares: On January 27, 2022, the restricted stock units reported herein vested in accordance with Mr. Ubben's grant award and were settled through the issuance of an equal number of shares of common stock to Mr. Ubben. Mr. Ubben is deemed to hold the common stock received upon vesting for the benefit of the In-Cap Funds (as defined below) and In-Cap (as defined below).

F1 · ownership.direct: On January 27, 2022, the restricted stock units reported herein vested in accordance with Mr. Ubben's grant award and were settled through the issuance of an equal number of shares of common stock to Mr. Ubben. Mr. Ubben is deemed to hold the common stock received upon vesting for the benefit of the In-Cap Funds (as defined below) and In-Cap (as defined below).

F2 · ownership.direct: The filing of this statement shall not be deemed an admission that either Reporting Person (as defined below) is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Persons expressly disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

SEC source: 0000902664-22-000735 · ownership.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · 10% owner · See Remarks

INCLUSIVE CAPITAL PARTNERS, L.P. · CIK 0001817187 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,254

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On January 27, 2022, the restricted stock units reported herein vested in accordance with Mr. Ubben's grant award and were settled through the issuance of an equal number of shares of common stock to Mr. Ubben. Mr. Ubben is deemed to hold the common stock received upon vesting for the benefit of the In-Cap Funds (as defined below) and In-Cap (as defined below).

F1 · ownership.direct: On January 27, 2022, the restricted stock units reported herein vested in accordance with Mr. Ubben's grant award and were settled through the issuance of an equal number of shares of common stock to Mr. Ubben. Mr. Ubben is deemed to hold the common stock received upon vesting for the benefit of the In-Cap Funds (as defined below) and In-Cap (as defined below).

F2 · ownership.direct: The filing of this statement shall not be deemed an admission that either Reporting Person (as defined below) is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Persons expressly disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

SEC source: 0000902664-22-000038 · ownership.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,500

F1 · price: Restricted stock grant.

F2 · ownership.direct: The restricted stock grant was awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben" or the "Reporting Person"). Mr. Ubben is deemed to hold the grant for the benefit of Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap") and the funds managed by In-Cap.

F4 · ownership.direct: The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.

SEC source: 0000902664-21-005113 · ownership.xml · nonDerivative · entry 2

UBBEN JEFFREY W · CIK 0001159187 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,682

F2 · kind: The Reporting Person received 1,780,438 shares of common stock of the Issuer in the Pro Rata Distribution and subsequently made a gift of such securities.

F2 · price: The Reporting Person received 1,780,438 shares of common stock of the Issuer in the Pro Rata Distribution and subsequently made a gift of such securities.

F3 · ownership.direct: Shares of common stock issuable upon settlement of restricted stock units awarded to the Reporting Person. The Reporting Person is deemed to hold the awards for the benefit of funds (the "In-Cap Funds") managed by Inclusive Capital Partners, L.P. ("In-Cap") and In-Cap.

F5 · ownership.direct: The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.

SEC source: 0000902664-21-005113 · ownership.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 0

F1 · kind: Represents a pro rata in-kind distribution (the "Pro Rata Distribution") of shares of common stock of Nikola Corporation (the "Issuer") by Spring NM, LLC ("Spring NM") to the members of Spring NM without consideration. The Reporting Person is the managing member of Spring NM.

F1 · price: Represents a pro rata in-kind distribution (the "Pro Rata Distribution") of shares of common stock of Nikola Corporation (the "Issuer") by Spring NM, LLC ("Spring NM") to the members of Spring NM without consideration. The Reporting Person is the managing member of Spring NM.

F1 · ownership.nature: Represents a pro rata in-kind distribution (the "Pro Rata Distribution") of shares of common stock of Nikola Corporation (the "Issuer") by Spring NM, LLC ("Spring NM") to the members of Spring NM without consideration. The Reporting Person is the managing member of Spring NM.

F5 · ownership.nature: The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.

SEC source: 0000902664-21-003762 · ownership.xml · derivative · entry 3

UBBEN JEFFREY W · CIK 0001159187 · Director · 10% owner · See Remarks

INCLUSIVE CAPITAL PARTNERS, L.P. · CIK 0001817187 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Units · 2,875 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On August 5, 2021, the phantom units reported herein vested in accordance with Mr. Ubben's grant award and were settled through the issuance of an equal number of common units to Mr. Ubben. Mr. Ubben is deemed to hold the common units received upon vesting for the benefit of the In-Cap Funds (as defined below) and In-Cap (as defined below).

F1 · derivative.exercise_date: On August 5, 2021, the phantom units reported herein vested in accordance with Mr. Ubben's grant award and were settled through the issuance of an equal number of common units to Mr. Ubben. Mr. Ubben is deemed to hold the common units received upon vesting for the benefit of the In-Cap Funds (as defined below) and In-Cap (as defined below).

F1 · derivative.expiration_date: On August 5, 2021, the phantom units reported herein vested in accordance with Mr. Ubben's grant award and were settled through the issuance of an equal number of common units to Mr. Ubben. Mr. Ubben is deemed to hold the common units received upon vesting for the benefit of the In-Cap Funds (as defined below) and In-Cap (as defined below).

F1 · derivative.underlying_shares: On August 5, 2021, the phantom units reported herein vested in accordance with Mr. Ubben's grant award and were settled through the issuance of an equal number of common units to Mr. Ubben. Mr. Ubben is deemed to hold the common units received upon vesting for the benefit of the In-Cap Funds (as defined below) and In-Cap (as defined below).

F1 · ownership.direct: On August 5, 2021, the phantom units reported herein vested in accordance with Mr. Ubben's grant award and were settled through the issuance of an equal number of common units to Mr. Ubben. Mr. Ubben is deemed to hold the common units received upon vesting for the benefit of the In-Cap Funds (as defined below) and In-Cap (as defined below).

F2 · ownership.direct: The filing of this statement shall not be deemed an admission that either Reporting Person (as defined below) is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Persons expressly disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

SEC source: 0000902664-21-003762 · ownership.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · 10% owner · See Remarks

INCLUSIVE CAPITAL PARTNERS, L.P. · CIK 0001817187 · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,875

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · shares: On August 5, 2021, the phantom units reported herein vested in accordance with Mr. Ubben's grant award and were settled through the issuance of an equal number of common units to Mr. Ubben. Mr. Ubben is deemed to hold the common units received upon vesting for the benefit of the In-Cap Funds (as defined below) and In-Cap (as defined below).

F1 · ownership.direct: On August 5, 2021, the phantom units reported herein vested in accordance with Mr. Ubben's grant award and were settled through the issuance of an equal number of common units to Mr. Ubben. Mr. Ubben is deemed to hold the common units received upon vesting for the benefit of the In-Cap Funds (as defined below) and In-Cap (as defined below).

F2 · ownership.direct: The filing of this statement shall not be deemed an admission that either Reporting Person (as defined below) is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Persons expressly disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

SEC source: 0000902664-21-003127 · ownership.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · 10% owner

INCLUSIVE CAPITAL PARTNERS, L.P. · CIK 0001817187 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 8,798,704

F1 · security: The securities reported herein are held by Inclusive Capital Partners Spring Master Fund, L.P. ("In-Cap Spring Master Fund"). Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap") acts as investment manager to In-Cap Spring Master Fund. Mr. Jeffrey W. Ubben ("Mr. Ubben", and together with In-Cap, the "Reporting Persons") indirectly controls In-Cap.

F1 · ownership.nature: The securities reported herein are held by Inclusive Capital Partners Spring Master Fund, L.P. ("In-Cap Spring Master Fund"). Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap") acts as investment manager to In-Cap Spring Master Fund. Mr. Jeffrey W. Ubben ("Mr. Ubben", and together with In-Cap, the "Reporting Persons") indirectly controls In-Cap.

F2 · ownership.nature: The filing of this statement shall not be deemed an admission that either Reporting Person is the beneficial owner of the securities reported s amended, or otherwise. The Reporting Persons expressly disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

SEC source: 0000902664-21-003072 · ownership.xml · nonDerivative · entry 1

INCLUSIVE CAPITAL PARTNERS, L.P. · CIK 0001817187 · Director · 10% owner · See Remarks

UBBEN JEFFREY W · CIK 0001159187 · Director · 10% owner · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 5,713,987

F1 · ownership.nature: The securities reported herein are held by certain funds (the "In-Cap Funds") to which Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap") acts as investment manager. Mr. Jeffrey W. Ubben ("Mr. Ubben", and together with In-Cap, the "Reporting Persons") indirectly controls In-Cap.

F2 · ownership.nature: The filing of this statement shall not be deemed an admission that either Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Persons expressly disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

SEC source: 0000902664-21-002475 · ownership.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 37,682

F1 · shares: Shares of common stock issuable upon settlement of a restricted stock unit award that vests on April 22, 2022, subject to continued service with the Issuer through such date. The restricted stock unit was awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"). Mr. Ubben is deemed to hold the award for the benefit of Inclusive Capital Partners Spring Master Fund, L.P. ("In-Cap Spring Master Fund") and Inclusive Capital Partners, L.P., a Delaware limited partnership ("In-Cap").

F1 · price: Shares of common stock issuable upon settlement of a restricted stock unit award that vests on April 22, 2022, subject to continued service with the Issuer through such date. The restricted stock unit was awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"). Mr. Ubben is deemed to hold the award for the benefit of Inclusive Capital Partners Spring Master Fund, L.P. ("In-Cap Spring Master Fund") and Inclusive Capital Partners, L.P., a Delaware limited partnership ("In-Cap").

F3 · ownership.direct: The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.

SEC source: 0000902664-21-002328 · ownership.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · 10% owner

INCLUSIVE CAPITAL PARTNERS, L.P. · CIK 0001817187 · Director · 10% owner · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,373

F1 · shares: Restricted stock units awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben") which he is deemed to hold for the benefit of Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap") and Inclusive Capital Partners Spring Master Fund, L.P. ("In-Cap Spring Master Fund"). The restricted stock units vest in full on the date of the next annual meeting of the Issuer's stockholders (the "Annual Meeting") following the grant date (or the date immediately preceding the date of the Annual Meeting if the recipient's service as a director ends at such Annual Meeting as a result of the director's failure to be re-elected or the director not standing for re-election), subject to the recipient's service as a director on such date.

SEC source: 0001214659-21-002691 · ownership.xml · nonDerivative · entry 2

UBBEN JEFFREY W · CIK 0001159187 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 1,677,000

F3 · price: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $56.24 to $56.28, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth herein.

F4 · ownership.nature: The securities reported herein are held by funds managed by In-Cap. Mr. Jeffrey W. Ubben ("Mr. Ubben" or the "Reporting Person") indirectly controls In-Cap.

F5 · ownership.nature: The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.

SEC source: 0001214659-21-002691 · ownership.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,000

F1 · price: Restricted stock grant.

F2 · ownership.direct: The restricted stock grant was awarded to Mr. Ubben. Mr. Ubben is deemed to hold the grant for the benefit of Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap") and the funds managed by In-Cap.

F5 · ownership.direct: The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.

SEC source: 0001567619-21-005347 · doc1.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 3,552,006

F1 · kind: Represents a pro rata in-kind distribution (the "Pro Rata Distribution") of shares of common stock of Nikola Corporation (the "Issuer") by Spring NM, LLC ("Spring NM") to certain members of Spring NM without consideration. The Reporting Person did not have any pecuniary interest in the shares of common stock of the Issuer distributed in the Pro Rata Distribution and the Reporting Person's pecuniary interest in Spring NM remains unchanged after the Pro Rata Distribution. The decision to implement the Pro Rata Distribution and decisions on the timing of the Pro Rata Distribution and number of shares to be included in the Pro Rata Distribution were made independently of the Reporting Person. The Reporting Person is the managing member of Spring NM.

F1 · shares: Represents a pro rata in-kind distribution (the "Pro Rata Distribution") of shares of common stock of Nikola Corporation (the "Issuer") by Spring NM, LLC ("Spring NM") to certain members of Spring NM without consideration. The Reporting Person did not have any pecuniary interest in the shares of common stock of the Issuer distributed in the Pro Rata Distribution and the Reporting Person's pecuniary interest in Spring NM remains unchanged after the Pro Rata Distribution. The decision to implement the Pro Rata Distribution and decisions on the timing of the Pro Rata Distribution and number of shares to be included in the Pro Rata Distribution were made independently of the Reporting Person. The Reporting Person is the managing member of Spring NM.

F1 · price: Represents a pro rata in-kind distribution (the "Pro Rata Distribution") of shares of common stock of Nikola Corporation (the "Issuer") by Spring NM, LLC ("Spring NM") to certain members of Spring NM without consideration. The Reporting Person did not have any pecuniary interest in the shares of common stock of the Issuer distributed in the Pro Rata Distribution and the Reporting Person's pecuniary interest in Spring NM remains unchanged after the Pro Rata Distribution. The decision to implement the Pro Rata Distribution and decisions on the timing of the Pro Rata Distribution and number of shares to be included in the Pro Rata Distribution were made independently of the Reporting Person. The Reporting Person is the managing member of Spring NM.

F1 · ownership.nature: Represents a pro rata in-kind distribution (the "Pro Rata Distribution") of shares of common stock of Nikola Corporation (the "Issuer") by Spring NM, LLC ("Spring NM") to certain members of Spring NM without consideration. The Reporting Person did not have any pecuniary interest in the shares of common stock of the Issuer distributed in the Pro Rata Distribution and the Reporting Person's pecuniary interest in Spring NM remains unchanged after the Pro Rata Distribution. The decision to implement the Pro Rata Distribution and decisions on the timing of the Pro Rata Distribution and number of shares to be included in the Pro Rata Distribution were made independently of the Reporting Person. The Reporting Person is the managing member of Spring NM.

F3 · ownership.nature: The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.

SEC source: 0000902664-21-000724 · ownership.xml · nonDerivative · entry 3

UBBEN JEFFREY W · CIK 0001159187 · Director · 10% owner

INCLUSIVE CAPITAL PARTNERS, L.P. · CIK 0001817187 · Director · 10% owner · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 11,798,704

F5 · kind: In-Cap Spring Master Fund purchased 2,000,000 shares of Common Stock from the Issuer, at a price of $10.00 per share, in a private placement.

F1 · ownership.nature: The securities reported herein are held by Inclusive Capital Partners Spring Master Fund, L.P. ("In-Cap Spring Master Fund"). Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap") acts as investment manager to In-Cap Spring Master Fund. Mr. Jeffrey W. Ubben ("Mr. Ubben", and together with In-Cap, the "Reporting Persons") indirectly controls In-Cap.

F3 · ownership.nature: The filing of this statement shall not be deemed an admission that either Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Persons expressly disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

SEC source: 0000902664-21-000724 · ownership.xml · nonDerivative · entry 2

UBBEN JEFFREY W · CIK 0001159187 · Director · 10% owner

INCLUSIVE CAPITAL PARTNERS, L.P. · CIK 0001817187 · Director · 10% owner · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 9,798,704

F4 · kind: Received upon the closing of the transactions under the BCA (the "Closing") pursuant to the automatic conversion of principal and unpaid and accrued interest on certain convertible notes issued by Legacy AppHarvest and assumed by the Issuer immediately prior to the Closing. The conversion was effected at a price of $9.50 per share.

F4 · price: Received upon the closing of the transactions under the BCA (the "Closing") pursuant to the automatic conversion of principal and unpaid and accrued interest on certain convertible notes issued by Legacy AppHarvest and assumed by the Issuer immediately prior to the Closing. The conversion was effected at a price of $9.50 per share.

F1 · ownership.nature: The securities reported herein are held by Inclusive Capital Partners Spring Master Fund, L.P. ("In-Cap Spring Master Fund"). Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap") acts as investment manager to In-Cap Spring Master Fund. Mr. Jeffrey W. Ubben ("Mr. Ubben", and together with In-Cap, the "Reporting Persons") indirectly controls In-Cap.

F3 · ownership.nature: The filing of this statement shall not be deemed an admission that either Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Persons expressly disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

SEC source: 0000902664-21-000724 · ownership.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · 10% owner

INCLUSIVE CAPITAL PARTNERS, L.P. · CIK 0001817187 · Director · 10% owner · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 6,556,368

F1 · security: The securities reported herein are held by Inclusive Capital Partners Spring Master Fund, L.P. ("In-Cap Spring Master Fund"). Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap") acts as investment manager to In-Cap Spring Master Fund. Mr. Jeffrey W. Ubben ("Mr. Ubben", and together with In-Cap, the "Reporting Persons") indirectly controls In-Cap.

F2 · kind: Received pursuant to the Business Combination Agreement and Plan of Reorganization (the "BCA"), dated as of September 28, 2020, by and among Novus Capital Corporation ("Novus"), ORGA Inc., a direct, wholly-owned subsidiary of Novus ("Merger Sub"), and AppHarvest Operations, Inc. (f/k/a AppHarvest, Inc.)("Legacy AppHarvest") pursuant to which, through a merger between Legacy AppHarvest and Merger Sub, Legacy AppHarvest became a direct, wholly-owned subsidiary of Novus, which subsequently changed its name to AppHarvest, Inc. (the "Issuer").

F2 · price: Received pursuant to the Business Combination Agreement and Plan of Reorganization (the "BCA"), dated as of September 28, 2020, by and among Novus Capital Corporation ("Novus"), ORGA Inc., a direct, wholly-owned subsidiary of Novus ("Merger Sub"), and AppHarvest Operations, Inc. (f/k/a AppHarvest, Inc.)("Legacy AppHarvest") pursuant to which, through a merger between Legacy AppHarvest and Merger Sub, Legacy AppHarvest became a direct, wholly-owned subsidiary of Novus, which subsequently changed its name to AppHarvest, Inc. (the "Issuer").

F1 · ownership.nature: The securities reported herein are held by Inclusive Capital Partners Spring Master Fund, L.P. ("In-Cap Spring Master Fund"). Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap") acts as investment manager to In-Cap Spring Master Fund. Mr. Jeffrey W. Ubben ("Mr. Ubben", and together with In-Cap, the "Reporting Persons") indirectly controls In-Cap.

F3 · ownership.nature: The filing of this statement shall not be deemed an admission that either Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Persons expressly disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

SEC source: 0000902664-21-000691 · ownership.xml · derivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · 10% owner · See Remarks

INCLUSIVE CAPITAL PARTNERS, L.P. · CIK 0001817187 · Director · 10% owner · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,379

Underlying: Common Units · 2,379 shares

Expires not disclosed

F2 · shares: Phantom units awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"), which he is deemed to hold for the benefit of Inclusive Capital Partners Spring Master Fund, L.P. and Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap"). Each phantom unit is the economic equivalent of one common unit and includes a tandem grant of a distribution equivalent right entitling the holder to receive an amount in cash equal to the value of any cash distributions paid to the holders of the Issuer's common units during the period in which the phantom unit is outstanding. The phantom units will vest on the first anniversary of the date of grant as long as Mr. Ubben continues to serve as a member of the board of directors of Enviva Partners GP, LLC, the general partner of the Issuer (the "General Partner"), through such date, and may be settled in either cash or common units.

F2 · derivative.exercise_date: Phantom units awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"), which he is deemed to hold for the benefit of Inclusive Capital Partners Spring Master Fund, L.P. and Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap"). Each phantom unit is the economic equivalent of one common unit and includes a tandem grant of a distribution equivalent right entitling the holder to receive an amount in cash equal to the value of any cash distributions paid to the holders of the Issuer's common units during the period in which the phantom unit is outstanding. The phantom units will vest on the first anniversary of the date of grant as long as Mr. Ubben continues to serve as a member of the board of directors of Enviva Partners GP, LLC, the general partner of the Issuer (the "General Partner"), through such date, and may be settled in either cash or common units.

F2 · derivative.expiration_date: Phantom units awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"), which he is deemed to hold for the benefit of Inclusive Capital Partners Spring Master Fund, L.P. and Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap"). Each phantom unit is the economic equivalent of one common unit and includes a tandem grant of a distribution equivalent right entitling the holder to receive an amount in cash equal to the value of any cash distributions paid to the holders of the Issuer's common units during the period in which the phantom unit is outstanding. The phantom units will vest on the first anniversary of the date of grant as long as Mr. Ubben continues to serve as a member of the board of directors of Enviva Partners GP, LLC, the general partner of the Issuer (the "General Partner"), through such date, and may be settled in either cash or common units.

F2 · derivative.underlying_shares: Phantom units awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"), which he is deemed to hold for the benefit of Inclusive Capital Partners Spring Master Fund, L.P. and Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap"). Each phantom unit is the economic equivalent of one common unit and includes a tandem grant of a distribution equivalent right entitling the holder to receive an amount in cash equal to the value of any cash distributions paid to the holders of the Issuer's common units during the period in which the phantom unit is outstanding. The phantom units will vest on the first anniversary of the date of grant as long as Mr. Ubben continues to serve as a member of the board of directors of Enviva Partners GP, LLC, the general partner of the Issuer (the "General Partner"), through such date, and may be settled in either cash or common units.

F1 · ownership.direct: The filing of this statement shall not be deemed an admission that either Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Persons expressly disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

F2 · ownership.direct: Phantom units awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"), which he is deemed to hold for the benefit of Inclusive Capital Partners Spring Master Fund, L.P. and Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap"). Each phantom unit is the economic equivalent of one common unit and includes a tandem grant of a distribution equivalent right entitling the holder to receive an amount in cash equal to the value of any cash distributions paid to the holders of the Issuer's common units during the period in which the phantom unit is outstanding. The phantom units will vest on the first anniversary of the date of grant as long as Mr. Ubben continues to serve as a member of the board of directors of Enviva Partners GP, LLC, the general partner of the Issuer (the "General Partner"), through such date, and may be settled in either cash or common units.

SEC source: 0000902664-20-003196 · ownership.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,000

F1 · price: Shares of common stock issuable upon settlement of a restricted stock unit award that vests on June 3, 2021, subject to continued service with the Issuer through such date. The restricted stock unit was awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"). Mr. Ubben is deemed to hold the award for the benefit of Inclusive Capital Partners Spring Master Fund, L.P. ("In-Cap Spring Master Fund") and Inclusive Capital Partners, L.P., a Delaware limited partnership ("In-Cap").

F1 · ownership.direct: Shares of common stock issuable upon settlement of a restricted stock unit award that vests on June 3, 2021, subject to continued service with the Issuer through such date. The restricted stock unit was awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"). Mr. Ubben is deemed to hold the award for the benefit of Inclusive Capital Partners Spring Master Fund, L.P. ("In-Cap Spring Master Fund") and Inclusive Capital Partners, L.P., a Delaware limited partnership ("In-Cap").

F3 · ownership.direct: The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.

SEC source: 0000902664-20-003008 · ownership.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 10,275,437

F1 · price: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $42.60 to $42.77. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

F2 · ownership.nature: The securities reported herein are held by Inclusive Capital Partners Spring Master Fund, L.P. (f/k/a ValueAct Spring Master Fund, L.P.) ("In-Cap Spring Master Fund"). Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap") acts as investment manager to In-Cap Spring Master Fund. The Reporting Person indirectly controls In-Cap.

F3 · ownership.nature: The filing of this statement shall not be deemed an admission that the Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Person expressly disclaims beneficial ownership of the securities reported herein except to the extent of his pecuniary interest therein.

SEC source: 0000902664-20-002895 · ownership.xml · derivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · 10% owner · See Remarks

INCLUSIVE CAPITAL PARTNERS, L.P. · CIK 0001817187 · Director · 10% owner

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,875

Underlying: Common Units · 2,875 shares

Expires not disclosed

F2 · shares: Phantom units awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"), which he is deemed to hold for the benefit of Inclusive Capital Partners Spring Master Fund, L.P. (f/k/a ValueAct Spring Master Fund, L.P.) and Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap"). Each phantom unit is the economic equivalent of one common unit and includes a tandem grant of a distribution equivalent right entitling the holder to receive an amount in cash equal to the value of any cash distributions paid to the holders of the Issuer's common units during the period in which the phantom unit is outstanding. The phantom units will vest on the first anniversary of the date of grant as long as Mr. Ubben continues to serve as a member of the board of directors of Enviva Partners GP, LLC, the general partner of the Issuer, through such date, and may be settled in either cash or common units.

F2 · derivative.exercise_date: Phantom units awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"), which he is deemed to hold for the benefit of Inclusive Capital Partners Spring Master Fund, L.P. (f/k/a ValueAct Spring Master Fund, L.P.) and Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap"). Each phantom unit is the economic equivalent of one common unit and includes a tandem grant of a distribution equivalent right entitling the holder to receive an amount in cash equal to the value of any cash distributions paid to the holders of the Issuer's common units during the period in which the phantom unit is outstanding. The phantom units will vest on the first anniversary of the date of grant as long as Mr. Ubben continues to serve as a member of the board of directors of Enviva Partners GP, LLC, the general partner of the Issuer, through such date, and may be settled in either cash or common units.

F2 · derivative.expiration_date: Phantom units awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"), which he is deemed to hold for the benefit of Inclusive Capital Partners Spring Master Fund, L.P. (f/k/a ValueAct Spring Master Fund, L.P.) and Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap"). Each phantom unit is the economic equivalent of one common unit and includes a tandem grant of a distribution equivalent right entitling the holder to receive an amount in cash equal to the value of any cash distributions paid to the holders of the Issuer's common units during the period in which the phantom unit is outstanding. The phantom units will vest on the first anniversary of the date of grant as long as Mr. Ubben continues to serve as a member of the board of directors of Enviva Partners GP, LLC, the general partner of the Issuer, through such date, and may be settled in either cash or common units.

F2 · derivative.underlying_shares: Phantom units awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"), which he is deemed to hold for the benefit of Inclusive Capital Partners Spring Master Fund, L.P. (f/k/a ValueAct Spring Master Fund, L.P.) and Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap"). Each phantom unit is the economic equivalent of one common unit and includes a tandem grant of a distribution equivalent right entitling the holder to receive an amount in cash equal to the value of any cash distributions paid to the holders of the Issuer's common units during the period in which the phantom unit is outstanding. The phantom units will vest on the first anniversary of the date of grant as long as Mr. Ubben continues to serve as a member of the board of directors of Enviva Partners GP, LLC, the general partner of the Issuer, through such date, and may be settled in either cash or common units.

F1 · ownership.direct: The filing of this statement shall not be deemed an admission that either Reporting Person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. The Reporting Persons expressly disclaim beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

F2 · ownership.direct: Phantom units awarded to Mr. Jeffrey W. Ubben ("Mr. Ubben"), which he is deemed to hold for the benefit of Inclusive Capital Partners Spring Master Fund, L.P. (f/k/a ValueAct Spring Master Fund, L.P.) and Inclusive Capital Partners, L.P., a Delaware limited partnership, ("In-Cap"). Each phantom unit is the economic equivalent of one common unit and includes a tandem grant of a distribution equivalent right entitling the holder to receive an amount in cash equal to the value of any cash distributions paid to the holders of the Issuer's common units during the period in which the phantom unit is outstanding. The phantom units will vest on the first anniversary of the date of grant as long as Mr. Ubben continues to serve as a member of the board of directors of Enviva Partners GP, LLC, the general partner of the Issuer, through such date, and may be settled in either cash or common units.

SEC source: 0001418812-20-000052 · primary_doc.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Spring Master Fund, L.P. · CIK 0001728461 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings II, L.P. · CIK 0001763309 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 5,346,500

F1 · price: Weighted-average price at which shares were purchased on the listed date between the range of $12.19 and $12.25 per share. The reporting persons undertake to provide upon request to the SEC Staff, the Issuer, or a security holder of the Issuer information regarding the number of shares purchased at each price.

F2 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F3 · ownership.nature: The securities reported herein are directly beneficially owned by ValueAct Spring Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Spring Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Spring Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the majority owner of the membership interests of VA Partners I, LLC, (v) ValueAct Holdings II, L.P. as the sole owner of the membership interests of ValueAct Capital Management, LLC and as the majority owner of the limited partnership interests of ValueAct Capital Management, L.P., and (vi) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. and ValueAct Holdings II, L.P.

SEC source: 0001418812-20-000046 · primary_doc.xml · nonDerivative · entry 3

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Spring Master Fund, L.P. · CIK 0001728461 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings II, L.P. · CIK 0001763309 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

VA Spring NM, LLC · CIK 0001814133 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 11,675,437

F3 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F5 · ownership.nature: ValueAct Spring Master Fund, L.P. purchased 5,000,000 shares of VectoIQ's common stock at a price of $10.00 per share, pursuant to a private placement. The securities reported herein are directly beneficially owned by ValueAct Spring Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Spring Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as manager of ValueAct Spring Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the majority owner of the membership interests of VA Partners I, LLC, (v) ValueAct Holdings II, L.P. as the sole owner of the membership interests of ValueAct Capital Management, LLC and as the majority owner of the limited partnership interests of ValueAct Capital Management, L.P., and (vi) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. and ValueAct Holdings II, L.P.

SEC source: 0001418812-20-000046 · primary_doc.xml · nonDerivative · entry 2

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Spring Master Fund, L.P. · CIK 0001728461 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings II, L.P. · CIK 0001763309 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

VA Spring NM, LLC · CIK 0001814133 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 6,675,437

F1 · price: Received pursuant to the Business Combination Agreement, dated as of March 2, 2020, by and among VectoIQ Acquisition Corp. ("VectoIQ"), Nikola Corporation ("Legacy Nikola") and VCTIQ Merger Sub Corp., a wholly-owned subsidiary of VectoIQ ("Merger Sub"), pursuant to which Merger Sub merged with and into Legacy Nikola, with Legacy Nikola surviving the merger as a wholly-owned subsidiary of VectoIQ (which subsequently changed its name to "Nikola Corporation", the "Issuer").

F3 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F4 · ownership.nature: Consists of 6,675,437 shares beneficially owned by ValueAct Spring Master Fund, L.P., and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Spring Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Spring Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the majority owner of the membership interests of VA Partners I, LLC, (v) ValueAct Holdings II, L.P. as the sole owner of the membership interests of ValueAct Capital Management, LLC and as the majority owner of the limited partnership interests of ValueAct Capital Management, L.P., and (vi) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. and ValueAct Holdings II, L.P.

SEC source: 0001418812-20-000046 · primary_doc.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Spring Master Fund, L.P. · CIK 0001728461 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings II, L.P. · CIK 0001763309 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

VA Spring NM, LLC · CIK 0001814133 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 8,686,587

F1 · price: Received pursuant to the Business Combination Agreement, dated as of March 2, 2020, by and among VectoIQ Acquisition Corp. ("VectoIQ"), Nikola Corporation ("Legacy Nikola") and VCTIQ Merger Sub Corp., a wholly-owned subsidiary of VectoIQ ("Merger Sub"), pursuant to which Merger Sub merged with and into Legacy Nikola, with Legacy Nikola surviving the merger as a wholly-owned subsidiary of VectoIQ (which subsequently changed its name to "Nikola Corporation", the "Issuer").

F2 · ownership.nature: Consists of 8,686,587 shares beneficially owned by VA Spring NM, LLC. As managing member of VA Spring NM, LLC, Mr. Ubben may be deemed to indirectly beneficially own shares held by such entity.

F3 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

SEC source: 0001418812-20-000059 · primary_doc.xml · nonDerivative · entry 3

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Spring Master Fund, L.P. · CIK 0001728461 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings II, L.P. · CIK 0001763309 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

VA Spring NM, LLC · CIK 0001814133 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 11,675,437

F3 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F5 · ownership.nature: ValueAct Spring Master Fund, L.P. purchased 5,000,000 shares of VectoIQ's common stock at a price of $10.00 per share, pursuant to a private placement. The securities reported herein are directly beneficially owned by ValueAct Spring Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Spring Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as manager of ValueAct Spring Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the majority owner of the membership interests of VA Partners I, LLC, (v) ValueAct Holdings II, L.P. as the sole owner of the membership interests of ValueAct Capital Management, LLC and as the majority owner of the limited partnership interests of ValueAct Capital Management, L.P., and (vi) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. and ValueAct Holdings II, L.P.

F6 · ownership.nature: Mr. Ubben may also be deemed to hold an indirect pecuniary interest in the shares held by such entity.

SEC source: 0001418812-20-000059 · primary_doc.xml · nonDerivative · entry 2

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Spring Master Fund, L.P. · CIK 0001728461 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings II, L.P. · CIK 0001763309 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

VA Spring NM, LLC · CIK 0001814133 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 6,675,437

F1 · price: Received pursuant to the Business Combination Agreement, dated as of March 2, 2020, by and among VectoIQ Acquisition Corp. ("VectoIQ"), Nikola Corporation ("Legacy Nikola") and VCTIQ Merger Sub Corp., a wholly-owned subsidiary of VectoIQ ("Merger Sub"), pursuant to which Merger Sub merged with and into Legacy Nikola, with Legacy Nikola surviving the merger as a wholly-owned subsidiary of VectoIQ (which subsequently changed its name to "Nikola Corporation", the "Issuer").

F3 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F4 · ownership.nature: Consists of 6,675,437 shares beneficially owned by ValueAct Spring Master Fund, L.P., and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Spring Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Spring Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the majority owner of the membership interests of VA Partners I, LLC, (v) ValueAct Holdings II, L.P. as the sole owner of the membership interests of ValueAct Capital Management, LLC and as the majority owner of the limited partnership interests of ValueAct Capital Management, L.P., and (vi) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. and ValueAct Holdings II, L.P.

F6 · ownership.nature: Mr. Ubben may also be deemed to hold an indirect pecuniary interest in the shares held by such entity.

SEC source: 0001418812-20-000059 · primary_doc.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Spring Master Fund, L.P. · CIK 0001728461 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings II, L.P. · CIK 0001763309 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

VA Spring NM, LLC · CIK 0001814133 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 8,686,587

F1 · price: Received pursuant to the Business Combination Agreement, dated as of March 2, 2020, by and among VectoIQ Acquisition Corp. ("VectoIQ"), Nikola Corporation ("Legacy Nikola") and VCTIQ Merger Sub Corp., a wholly-owned subsidiary of VectoIQ ("Merger Sub"), pursuant to which Merger Sub merged with and into Legacy Nikola, with Legacy Nikola surviving the merger as a wholly-owned subsidiary of VectoIQ (which subsequently changed its name to "Nikola Corporation", the "Issuer").

F2 · ownership.nature: Consists of 8,686,587 shares beneficially owned by VA Spring NM, LLC. As managing member of VA Spring NM, LLC, Mr. Ubben may be deemed to have an indirect pecunairy interest in shares held by such entity.

F3 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

SEC source: 0001418812-20-000042 · primary_doc.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Spring Master Fund, L.P. · CIK 0001728461 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings II, L.P. · CIK 0001763309 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 4,846,500

F1 · price: Weighted-average price at which shares were purchased on the listed date between the range of $11.67 and $11.68 per share. The reporting persons undertake to provide upon request to the SEC Staff, the Issuer, or a security holder of the Issuer information regarding the number of shares purchased at each price.

F2 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F3 · ownership.nature: The securities reported herein are directly beneficially owned by ValueAct Spring Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Spring Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Spring Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the majority owner of the membership interests of VA Partners I, LLC, (v) ValueAct Holdings II, L.P. as the sole owner of the membership interests of ValueAct Capital Management, LLC and as the majority owner of the limited partnership interests of ValueAct Capital Management, L.P., and (vi) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. and ValueAct Holdings II, L.P.

SEC source: 0001418812-20-000035 · primary_doc.xml · derivative · entry 2

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Spring Master Fund, L.P. · CIK 0001728461 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings II, L.P. · CIK 0001763309 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,553

Underlying: Common Stock · 12,608 shares

Expires not disclosed

F3 · derivative.exercise_price: Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2003 Long Term Compensation Plan, as amended on April 23, 2015.

F3 · price: Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2003 Long Term Compensation Plan, as amended on April 23, 2015.

F3 · derivative.exercise_date: Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2003 Long Term Compensation Plan, as amended on April 23, 2015.

F3 · derivative.expiration_date: Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2003 Long Term Compensation Plan, as amended on April 23, 2015.

F4 · ownership.direct: The ValueAct entities referred to in footnote 2 are collectively referred to herein as "ValueAct Capital." Under an agreement with ValueAct Capital, Jeffrey W. Ubben is deemed to hold the common stock for the benefit of the limited partners of ValueAct Spring Master Fund, L.P. and indirectly for (i) VA Partners I, LLC as General Partner of ValueAct Spring Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Spring Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the majority owner of the membership interests of VA Partners I, LLC, (v) ValueAct Holdings II, L.P. as the sole owner of the membership interests of ValueAct Capital Management, LLC and as the majority owner of the limited partnership interests of ValueAct Capital Management, L.P., and (vi) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. and ValueAct Holdings II, L.P.

SEC source: 0001418812-19-000057 · primary_doc.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Spring Master Fund, L.P. · CIK 0001728461 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings II, L.P. · CIK 0001763309 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 4,346,500

F1 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F2 · ownership.nature: The securities reported herein are directly beneficially owned by ValueAct Spring Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Spring Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Spring Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the majority owner of the membership interests of VA Partners I, LLC, (v) ValueAct Holdings II, L.P. as the sole owner of the membership interests of ValueAct Capital Management, LLC and as the majority owner of the limited partnership interests of ValueAct Capital Management, L.P., and (vi) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. and ValueAct Holdings II, L.P.

SEC source: 0001418812-19-000028 · primary_doc.xml · nonDerivative · entry 2

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Spring Master Fund, L.P. · CIK 0001728461 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings II, L.P. · CIK 0001763309 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 4,146,500

F4 · price: Weighted-average price at which shares were purchased on the listed date between the range of $15.94 and $15.98 per share. The reporting persons undertake to provide upon request to the SEC Staff, the Issuer, or a security holder of the Issuer information regarding the number of shares purchased at each price.

F2 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F3 · ownership.nature: The securities reported herein are directly beneficially owned by ValueAct Spring Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Spring Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Spring Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the majority owner of the membership interests of VA Partners I, LLC, (v) ValueAct Holdings II, L.P. as the sole owner of the membership interests of ValueAct Capital Management, LLC and as the majority owner of the limited partnership interests of ValueAct Capital Management, L.P., and (vi) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. and ValueAct Holdings II, L.P.

SEC source: 0001418812-19-000028 · primary_doc.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Spring Master Fund, L.P. · CIK 0001728461 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings II, L.P. · CIK 0001763309 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 4,046,500

F1 · price: Weighted-average price at which shares were purchased on the listed date between the range of $16.05 and $16.18 per share. The reporting persons undertake to provide upon request to the SEC Staff, the Issuer, or a security holder of the Issuer information regarding the number of shares purchased at each price.

F2 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F3 · ownership.nature: The securities reported herein are directly beneficially owned by ValueAct Spring Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Spring Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Spring Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the majority owner of the membership interests of VA Partners I, LLC, (v) ValueAct Holdings II, L.P. as the sole owner of the membership interests of ValueAct Capital Management, LLC and as the majority owner of the limited partnership interests of ValueAct Capital Management, L.P., and (vi) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. and ValueAct Holdings II, L.P.

SEC source: 0001418812-19-000020 · primary_doc.xml · derivative · entry 2

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Spring Master Fund, L.P. · CIK 0001728461 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings II, L.P. · CIK 0001763309 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,945

Underlying: Common Stock · 10,000 shares

Expires not disclosed

F3 · derivative.exercise_price: Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2003 Long Term Compensation Plan, as amended on April 23, 2015 (the "Plan").

F3 · price: Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2003 Long Term Compensation Plan, as amended on April 23, 2015 (the "Plan").

F3 · derivative.exercise_date: Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2003 Long Term Compensation Plan, as amended on April 23, 2015 (the "Plan").

F3 · derivative.expiration_date: Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2003 Long Term Compensation Plan, as amended on April 23, 2015 (the "Plan").

F4 · ownership.direct: The ValueAct entities referred to in footnote 2 are collectively referred to herein as "ValueAct Capital." Under an agreement with ValueAct Capital, Jeffrey W. Ubben is deemed to hold the common stock for the benefit of the limited partners of ValueAct Spring Master Fund, L.P. and indirectly for (i) VA Partners I, LLC as General Partner of ValueAct Spring Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Spring Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the majority owner of the membership interests of VA Partners I, LLC, (v) ValueAct Holdings II, L.P. as the sole owner of the membership interests of ValueAct Capital Management, LLC and as the majority owner of the limited partnership interests of ValueAct Capital Management, L.P., and (vi) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P. and ValueAct Holdings II, L.P.

SEC source: 0001418812-18-000116 · primary_doc.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Spring Master Fund, L.P. · CIK 0001728461 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 1,564,500

F1 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F2 · ownership.nature: The securities reported herein are held by ValueAct Spring Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Spring Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Spring Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners I, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P.

SEC source: 0001418812-18-000037 · primary_doc.xml · derivative · entry 3

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

Volpe Velox, L.P. · CIK 0001641859 · Director · See Remarks

Volpe Velox, LLC · CIK 0001644650 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Capital Master Fund, L.P. · CIK 0001464912 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 17,311 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each deferred stock unit represents the equivalent of one share of Twenty-First Century Fox, Inc.'s Class A Common Stock.

F1 · price: Each deferred stock unit represents the equivalent of one share of Twenty-First Century Fox, Inc.'s Class A Common Stock.

F5 · derivative.exercise_date: The deferred stock units became payable in stock upon the earlier of (1) the first trading day of the quarter five years following the grant and (2) Mr. Ubben's end of service as a Director (Mr. Ubben resigned as a Director effective April 26, 2018).

F5 · derivative.expiration_date: The deferred stock units became payable in stock upon the earlier of (1) the first trading day of the quarter five years following the grant and (2) Mr. Ubben's end of service as a Director (Mr. Ubben resigned as a Director effective April 26, 2018).

F6 · ownership.direct: Under an agreement with the ValueAct Capital entities listed in Footnote 4, Jeffrey W. Ubben is deemed to hold the deferred stock units for the benefit of the investors of ValueAct Capital Master Fund, L.P. and indirectly for (i) VA Partners I, LLC as General Partner of ValueAct Capital Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners I, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P.

SEC source: 0001418812-18-000037 · primary_doc.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

Volpe Velox, L.P. · CIK 0001641859 · Director · See Remarks

Volpe Velox, LLC · CIK 0001644650 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Capital Master Fund, L.P. · CIK 0001464912 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,311

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each deferred stock unit represents the equivalent of one share of Twenty-First Century Fox, Inc.'s Class A Common Stock.

SEC source: 0001418812-18-000034 · primary_doc.xml · derivative · entry 2

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Spring Master Fund, L.P. · CIK 0001728461 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,945

Underlying: Common Stock · 15,081 shares

Expires not disclosed

F3 · derivative.exercise_price: Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2003 Long Term Compensation Plan, as amended on April 23, 2015.

F3 · price: Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2003 Long Term Compensation Plan, as amended on April 23, 2015.

F3 · derivative.exercise_date: Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2003 Long Term Compensation Plan, as amended on April 23, 2015.

F3 · derivative.expiration_date: Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2003 Long Term Compensation Plan, as amended on April 23, 2015.

F4 · ownership.direct: The ValueAct entities referred to in footnote 2 are collectively referred to herein as "ValueAct Capital." Under an agreement with ValueAct Capital, Jeffrey W. Ubben is deemed to hold the common stock for the benefit of the limited partners of ValueAct Spring Master Fund, L.P. and indirectly for (i) VA Partners I, LLC as General Partner of ValueAct Spring Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Spring Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners I, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P.

SEC source: 0001418812-18-000033 · primary_doc.xml · derivative · entry 2

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

Volpe Velox, L.P. · CIK 0001641859 · Director · See Remarks

Volpe Velox, LLC · CIK 0001644650 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Capital Master Fund, L.P. · CIK 0001464912 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,311

Underlying: Class A Common Stock · 60 shares

Expires not disclosed

F4 · derivative.exercise_price: Each deferred stock unit represents the equivalent of one share of Twenty-First Century Fox, Inc.'s Class A Common Stock.

F5 · shares: Represents dividend equivalents accrued with respect to deferred stock units granted on or after July 1, 2016.

F6 · derivative.exercise_date: The deferred stock units representing dividend equivalents become payable in stock upon vesting of the underlying deferred stock units.

F6 · derivative.expiration_date: The deferred stock units representing dividend equivalents become payable in stock upon vesting of the underlying deferred stock units.

F7 · balance_after: Represents the aggregate number of deferred stock units held by the Reporting Person, including deferred stock units accrued as a result of dividend equivalents that vest on the same terms as the respective underlying deferred stock units. The reported deferred stock units become payable on the earlier of (i) the first trading day of the quarter five years following the respective grant and (ii) the Reporting Person's end of service as a Director.

F8 · ownership.direct: Under an agreement with the ValueAct Capital entities listed in Footnote 3, Jeffrey W. Ubben is deemed to hold the deferred stock units for the benefit of the investors of ValueAct Capital Master Fund, L.P. and indirectly for (i) VA Partners I, LLC as General Partner of ValueAct Capital Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners I, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P.

SEC source: 0001418812-18-000029 · primary_doc.xml · derivative · entry 2

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

Volpe Velox, L.P. · CIK 0001641859 · Director · See Remarks

Volpe Velox, LLC · CIK 0001644650 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Capital Master Fund, L.P. · CIK 0001464912 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,251

Underlying: Class A Common Stock · 1,349 shares

Expires not disclosed

F4 · derivative.exercise_price: Each deferred stock unit represents the equivalent of one share of Twenty-First Century Fox, Inc.'s Class A Common Stock.

F5 · derivative.exercise_date: The deferred stock units become payable in stock on the earlier of (i) the first trading day of the quarter five years following the grant and (ii) the Reporting Person's end of service as a Director.

F5 · derivative.expiration_date: The deferred stock units become payable in stock on the earlier of (i) the first trading day of the quarter five years following the grant and (ii) the Reporting Person's end of service as a Director.

F6 · balance_after: Represents the aggregate number of deferred stock units held by the Reporting Person, including deferred stock units accrued as a result of dividend equivalents that vest on the same terms as the respective underlying deferred stock units. The reported deferred stock units become payable on the earlier of (i) the first trading day of the quarter five years following the respective grant and (ii) the Reporting Person's end of service as a Director.

F7 · ownership.direct: Under an agreement with the ValueAct Capital entities listed in Footnote 3, Jeffrey W. Ubben is deemed to hold the deferred stock units for the benefit of the investors of ValueAct Capital Master Fund, L.P. and indirectly for (i) VA Partners I, LLC as General Partner of ValueAct Capital Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners I, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P.

SEC source: 0001418812-18-000004 · primary_doc.xml · derivative · entry 2

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Spring Master Fund, L.P. · CIK 0001728461 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,864

Underlying: Common Stock · 7,864 shares

Expires not disclosed

F3 · derivative.exercise_price: Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2003 Long Term Compensation Plan, as amended on April 23, 2015.

F3 · price: Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2003 Long Term Compensation Plan, as amended on April 23, 2015.

F3 · derivative.exercise_date: Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2003 Long Term Compensation Plan, as amended on April 23, 2015.

F3 · derivative.expiration_date: Each stock unit is the economic equivalent of one share of AES Common Stock. These units will be settled for shares of AES Common Stock after the date the reporting person terminates service on the Board in accordance with the Director's election form under The AES Corporation 2003 Long Term Compensation Plan, as amended on April 23, 2015.

F4 · ownership.direct: The ValueAct entities referred to in footnote 2 are collectively referred to herein as "ValueAct Capital." Under an agreement with ValueAct Capital, Jeffrey W. Ubben is deemed to hold the common stock for the benefit of the limited partners of ValueAct Spring Master Fund, L.P. and indirectly for (i) VA Partners I, LLC as General Partner of ValueAct Spring Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Spring Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners I, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P.

SEC source: 0001418812-18-000001 · primary_doc.xml · derivative · entry 2

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

Volpe Velox, L.P. · CIK 0001641859 · Director · See Remarks

Volpe Velox, LLC · CIK 0001644650 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Capital Master Fund, L.P. · CIK 0001464912 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 15,902

Underlying: Class A Common Stock · 1,359 shares

Expires not disclosed

F4 · derivative.exercise_price: Each deferred stock unit represents the equivalent of one share of Twenty-First Century Fox, Inc.'s Class A Common Stock.

F5 · derivative.exercise_date: The deferred stock units become payable in stock on the earlier of (i) the first trading day of the quarter five years following the grant and (ii) the Reporting Person's end of service as a Director.

F5 · derivative.expiration_date: The deferred stock units become payable in stock on the earlier of (i) the first trading day of the quarter five years following the grant and (ii) the Reporting Person's end of service as a Director.

F6 · balance_after: Represents the aggregate number of deferred stock units held by the Reporting Person, including deferred stock units accrued as a result of dividend equivalents that vest on the same terms as the respective underlying deferred stock units. The reported deferred stock units become payable on the earlier of (i) the first trading day of the quarter five years following the respective grant and (ii) the Reporting Person's end of service as a Director.

F7 · ownership.direct: Under an agreement with the ValueAct Capital entities listed in Footnote 3, Jeffrey W. Ubben is deemed to hold the deferred stock units for the benefit of the investors of ValueAct Capital Master Fund, L.P. and indirectly for (i) VA Partners I, LLC as General Partner of ValueAct Capital Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners I, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P.

SEC source: 0001418812-17-000110 · primary_doc.xml · nonDerivative · entry 2

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Capital Master Fund, L.P. · CIK 0001464912 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 2,244,358

F1 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F2 · ownership.nature: The securities reported herein are directly beneficially owned by ValueAct Capital Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Capital Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners I, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P.

SEC source: 0001418812-17-000110 · primary_doc.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Capital Master Fund, L.P. · CIK 0001464912 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 2,364,358

F1 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F2 · ownership.nature: The securities reported herein are directly beneficially owned by ValueAct Capital Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Capital Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners I, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P.

SEC source: 0001418812-17-000106 · primary_doc.xml · derivative · entry 2

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

Volpe Velox, L.P. · CIK 0001641859 · Director · See Remarks

Volpe Velox, LLC · CIK 0001644650 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Capital Master Fund, L.P. · CIK 0001464912 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,543

Underlying: Class A Common Stock · 66 shares

Expires not disclosed

F4 · derivative.exercise_price: Each deferred stock unit represents the equivalent of one share of Twenty-First Century Fox, Inc.'s Class A Common Stock.

F5 · shares: Represents dividend equivalents accrued with respect to deferred stock units granted on or after July 1, 2016.

F6 · derivative.exercise_date: The deferred stock units representing dividend equivalents become payable in stock upon vesting of the underlying deferred stock units.

F6 · derivative.expiration_date: The deferred stock units representing dividend equivalents become payable in stock upon vesting of the underlying deferred stock units.

F7 · balance_after: Represents the aggregate number of deferred stock units held by the Reporting Person, including deferred stock units accrued as a result of dividend equivalents that vest on the same terms as the respective underlying deferred stock units. The reported deferred stock units become payable on the earlier of (i) the first trading day of the quarter five years following the respective grant and (ii) the Reporting Person's end of service as a Director.

F8 · ownership.direct: Under an agreement with the ValueAct Capital entities listed in Footnote 3, Jeffrey W. Ubben is deemed to hold the deferred stock units for the benefit of the investors of ValueAct Capital Master Fund, L.P. and indirectly for (i) VA Partners I, LLC as General Partner of ValueAct Capital Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners I, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P.

SEC source: 0001418812-17-000105 · primary_doc.xml · nonDerivative · entry 3

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Capital Master Fund, L.P. · CIK 0001464912 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 2,684,358

F1 · kind: This sale was made pursuant to a 10b5-1 plan.

F2 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F3 · ownership.nature: The securities reported herein are directly beneficially owned by ValueAct Capital Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Capital Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners I, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P.

SEC source: 0001418812-17-000105 · primary_doc.xml · nonDerivative · entry 2

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Capital Master Fund, L.P. · CIK 0001464912 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 2,812,595

F1 · kind: This sale was made pursuant to a 10b5-1 plan.

F2 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F3 · ownership.nature: The securities reported herein are directly beneficially owned by ValueAct Capital Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Capital Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners I, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P.

SEC source: 0001418812-17-000105 · primary_doc.xml · nonDerivative · entry 1

UBBEN JEFFREY W · CIK 0001159187 · Director · See Remarks

ValueAct Holdings, L.P. · CIK 0001418814 · Director · See Remarks

ValueAct Capital Master Fund, L.P. · CIK 0001464912 · Director · See Remarks

VA Partners I, LLC · CIK 0001418812 · Director · See Remarks

ValueAct Capital Management, L.P. · CIK 0001351069 · Director · See Remarks

ValueAct Capital Management, LLC · CIK 0001351073 · Director · See Remarks

ValueAct Holdings GP, LLC · CIK 0001418813 · Director · See Remarks

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnotes

Disclosed balance after: 2,916,173

F1 · kind: This sale was made pursuant to a 10b5-1 plan.

F2 · ownership.nature: Each reporting person listed herein disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F3 · ownership.nature: The securities reported herein are directly beneficially owned by ValueAct Capital Master Fund, L.P. and may be deemed to be indirectly beneficially owned by (i) VA Partners I, LLC as General Partner of ValueAct Capital Master Fund, L.P., (ii) ValueAct Capital Management, L.P. as the manager of ValueAct Capital Master Fund, L.P., (iii) ValueAct Capital Management, LLC as General Partner of ValueAct Capital Management, L.P., (iv) ValueAct Holdings, L.P. as the sole owner of the limited partnership interests of ValueAct Capital Management, L.P. and the membership interests of ValueAct Capital Management, LLC and as the majority owner of the membership interests of VA Partners I, LLC and (v) ValueAct Holdings GP, LLC as General Partner of ValueAct Holdings, L.P.