Tough John J. 4
4 · Volta Inc. · Filed Mar 31, 2023
Insider Transaction Report
Form 4
Volta Inc.VLTA
Tough John J.
Director
Transactions
- Disposition to Issuer
Class A Common Stock
2023-03-31$0.86/sh−116,130$99,872→ 0 total - Disposition to Issuer
Class A Common Stock
2023-03-31$0.86/sh−1,644,107$1,413,932→ 0 total(indirect: By Energize Growth I P) - Disposition to Issuer
Class A Common Stock
2023-03-31$0.86/sh−8,414,566$7,236,527→ 0 total(indirect: By Energize Ventures Fund LP)
Footnotes (2)
- [F1]Represents shares of Class A Common Stock ("Shares"), which were cancelled in exchange for the cash merger consideration equal to $0.86 per Share ("Merger Consideration") pursuant to that certain Agreement and Plan of Merger between issuer, Shell USA, Inc., and SEV Subsidiary, Inc., dated January 17, 2023 (the "Merger Agreement") and includes 108,155 Shares underlying restricted stock unit awards. The merger became effective on March 31, 2023 (the "Effective Time").
- [F2]The Reporting Person is Managing Partner of Energize Ventures LLC, the investment manager of the record holder of the Shares. The Reporting Person may be deemed to be the beneficial owner of such Shares but disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, if any. The Shares were cancelled in exchange for the Merger Consideration pursuant to the Merger Agreement upon the Effective Time.