Mandal Praveen 4

Accession 0001209191-21-053937

CIK 0001819584other

View on SEC.gov Company Profile

Filed

Aug 29, 8:00 PM ET

Accepted

Aug 30, 6:56 PM ET

Size

20.3 KB

Accession

0001209191-21-053937

Insider Transaction Report

Form 4

Period: 2021-08-26

Volta Inc.VLTA

Mandal Praveen

Chief Technology Officer

Transactions

Award
Class A Common Stock
2021-08-26+334,377→ 334,377 total
Award
Stock Option (right to buy)
2021-08-26+18,202→ 18,202 total
Exercise: $0.83Exp: 2029-04-14→ Class A Common Stock (18,202 underlying)
Award
Stock Option (right to buy)
2021-08-26+30,337→ 30,337 total
Exercise: $1.59Exp: 2030-01-31→ Class A Common Stock (30,337 underlying)
Award
Stock Option (right to buy)
2021-08-26+242,701→ 242,701 total
Exercise: $3.71Exp: 2031-01-21→ Class A Common Stock (242,701 underlying)
Award
Stock Option (right to buy)
2021-08-26+103,148→ 103,148 total
Exercise: $1.58Exp: 2030-10-02→ Class A Common Stock (103,148 underlying)
Award
Stock Option (right to buy)
2021-08-26+139,552→ 139,552 total
Exercise: $1.59Exp: 2029-10-28→ Class A Common Stock (139,552 underlying)

Footnotes (11)

[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, 275,547 shares of Class B Common Stock of Legacy Volta held by the Reporting Person were converted into 334,377 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").
[F10]In connection with the Business Combination and in accordance with the Business Combination Agreement, an option to purchase 200,000 shares of Class B Common Stock of Legacy Volta held by the Reporting Person was converted into an option to purchase 242,701 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.
[F11]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.
[F2]In connection with the Business Combination and in accordance with the Business Combination Agreement, an option to purchase 15,000 shares of Class B Common Stock of Legacy Volta held by the Reporting Person was converted into an option to purchase 18,202 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 immediately exercisable in full. The option vests in equal monthly installments over 48 months beginning on May 2, 2019.
[F4]In connection with the Business Combination and in accordance with the Business Combination Agreement, an option to purchase 115,000 shares of Class B Common Stock of Legacy Volta held by the Reporting Person was converted into an option to purchase 139,552 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.
[F5]The option is immediately exercisable in full. The option vests as to 1/4th of the total number of shares on October 29, 2020 and thereafter as to 1/48th of the total number of shares in equal monthly installments.
[F6]In connection with the Business Combination and in accordance with the Business Combination Agreement, an option to purchase 25,000 shares of Class B Common Stock of Legacy Volta held by the Reporting Person was converted into an option to purchase 30,337 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.
[F7]The option is immediately exercisable in full. The option vests as to 1/4th of the total number of shares on February 1, 2021 and thereafter as to 1/48th of the total number of shares in equal monthly installments.
[F8]In connection with the Business Combination and in accordance with the Business Combination Agreement, an option to purchase 85,000 shares of Class B Common Stock of Legacy Volta held by the Reporting Person was converted into an option to purchase 103,148 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.
[F9]The option is immediately exercisable in full. The option vests as to 1/4th of the total number of shares on October 3, 2021 and thereafter as to 1/48th of the total number of shares in equal monthly installments.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

Volta Inc.

CIK 0001819584

→

Entity typeother

Related Parties

filerCIK 0001879456

Filing Metadata

Form type: 4
Filed: Aug 29, 8:00 PM ET
Accepted: Aug 30, 6:56 PM ET
Size: 20.3 KB

View on SEC.gov