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          "text": "(1) As of November 2, 2022.\n(2) Includes 2,000,000 Issuance of warrants upon conversion of convertible note. Following the Reverse Stock Split on August 16, 2022, warrants were impacted by the same ratio upon exercise. Each whole warrant is now exercisable for 1/20th share of Class A common stock at an exercise price of $11.50 per share. Figures shown in table above reflect 1/20th ratio upon exercise.\n(3) Includes 666,663 forward purchase agreements warrants. Following the Reverse Stock Split on August 16, 2022, warrants were impacted by the same ratio upon exercise. Each whole warrant is now exercisable for 1/20th share of Class A common stock at an exercise price of $11.50 per share. Figures shown in table above reflect 1/20th ratio upon exercise.\n(4) Of this amount, 587,942 are vested and exercisable at $3.20 as of 9/30/22.\n(5) PSUs do not begin to vest until Embark's share price is at least $400.00, with a vesting schedule comprised of six price-based increments up to $2,000 per share.",
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