4//SEC Filing
Aheto Eli 4
Accession 0001209191-21-053927
CIK 0001819584other
Filed
Aug 29, 8:00 PM ET
Accepted
Aug 30, 6:51 PM ET
Size
8.4 KB
Accession
0001209191-21-053927
Insider Transaction Report
Form 4
Volta Inc.VLTA
Aheto Eli
Director
Transactions
- Award
Class A Common Stock
2021-08-26+41,261→ 41,261 total(indirect: By IRA) - Award
Stock Option (right to buy)
2021-08-26+212,362→ 212,362 totalExercise: $3.71Exp: 2031-01-21→ Class A Common Stock (212,362 underlying)
Footnotes (3)
- [F1]On August 26, 2021, pursuant to that certain Business Combination Agreement and Plan of Reorganization, dated as of February 7, 2021 (the " Business Combination Agreement"), by and among Tortoise Acquisition Corp. II (the "Issuer"), Volta Industries, Inc., a Delaware corporation ("Legacy Volta") and the other parties thereto, the Issuer completed its initial business combination (the "Business Combination"). As a result of the Business Combination, the Issuer changed its name to Volta Inc. In connection with the Business Combination and in accordance with the Business Combination Agreement, 34,001 shares of Class B Common Stock of Legacy Volta held by the Reporting Person were converted into 41,261 shares of Class A Common Stock of the Issuer. The issuance of the shares was approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Securities Exchange Act of 1934, as amended (the "Exchange Act").
- [F2]In connection with the Business Combination and in accordance with the Business Combination Agreement, an option to purchase 175,000 shares of Class B Common Stock of Legacy Volta held by the Reporting Person was converted into an option to purchase 212,362 shares of Class A Common Stock of the Issuer. The issuance of the option was approved by the Issuer's board of directors pursuant to Rule 16b-3 under the Exchange Act.
- [F3]The option is fully vested and exercisable.
Documents
Issuer
Volta Inc.
CIK 0001819584
Entity typeother
Related Parties
1- filerCIK 0001879553
Filing Metadata
- Form type
- 4
- Filed
- Aug 29, 8:00 PM ET
- Accepted
- Aug 30, 6:51 PM ET
- Size
- 8.4 KB