Covington JoAnn 4
4 · Proterra Inc · Filed Aug 18, 2021
Insider Transaction Report
Form 4
Proterra IncPTRA
Covington JoAnn
Chief Legal Officer, Secy
Transactions
- Tax Payment
Common Stock
2021-08-16$9.86/sh−5,751$56,705→ 8,264 total - Disposition to Issuer
Common Stock
2021-08-18$9.46/sh−8,264$78,145→ 0 total
Footnotes (2)
- [F1]Represents the sale of shares of common stock in order to satisfy the tax liability of the Reporting Person in connection with the distribution of 14,015 shares of common stock previously reported on Table I pursuant to the earnout provision set forth in Section 3.09(a)(i) of the Agreement and Plan of Merger, dated as of January 11, 2021, by and among Proterra Inc (formerly ArcLight Clean Transition Corp.), Phoenix Merger Sub, Inc., and Proterra Operating Company, Inc. (formerly Proterra Inc) (the "Merger Agreement").
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.42 to $9.4950, 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 ranges set forth herein.