4//SEC Filing
Hastings Brandt 4
Accession 0001209191-21-053931
CIK 0001819584other
Filed
Aug 29, 8:00 PM ET
Accepted
Aug 30, 6:53 PM ET
Size
6.5 KB
Accession
0001209191-21-053931
Insider Transaction Report
Form 4
Volta Inc.VLTA
Hastings Brandt
Chief Revenue Officer
Transactions
- Award
Stock Option (right to buy)
2021-08-26+140,450→ 140,450 totalExercise: $3.71Exp: 2031-01-21→ Class A Common Stock (140,450 underlying)
Footnotes (2)
- [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, an option to purchase 115,740 shares of Class B Common Stock of Legacy Volta held by the Reporting Person was converted into an option to purchase 140,450 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.
- [F2]The option vests and becomes exercisable as to 1/4th of the total number of shares on January 22, 2022, and thereafter vests and becomes exercisable as to 1/48th of the total number of shares in equal monthly installments.
Documents
Issuer
Volta Inc.
CIK 0001819584
Entity typeother
Related Parties
1- filerCIK 0001879555
Filing Metadata
- Form type
- 4
- Filed
- Aug 29, 8:00 PM ET
- Accepted
- Aug 30, 6:53 PM ET
- Size
- 6.5 KB