4//SEC Filing
Savitt Katherine J 4
Accession 0001209191-21-053940
CIK 0001819584other
Filed
Aug 29, 8:00 PM ET
Accepted
Aug 30, 6:58 PM ET
Size
9.1 KB
Accession
0001209191-21-053940
Insider Transaction Report
Form 4
Volta Inc.VLTA
Savitt Katherine J
Director
Transactions
- 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) - Award
Stock Option (right to buy)
2021-08-26+182,025→ 182,025 totalExercise: $0.83Exp: 2029-02-05→ Class A Common Stock (182,025 underlying)
Footnotes (4)
- [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 Industries, Inc. In connection with the Business Combination and in accordance with the Business Combination Agreement, an option to purchase 150,000 shares of Class B Common Stock of Legacy Volta held by the Reporting Person was converted into an option to purchase 182,025 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 is immediately exercisable in full. The option vests in equal monthly installments over 36 months beginning on February 16, 2019.
- [F3]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.
- [F4]The option is fully vested and exercisable.
Documents
Issuer
Volta Inc.
CIK 0001819584
Entity typeother
Related Parties
1- filerCIK 0001356217
Filing Metadata
- Form type
- 4
- Filed
- Aug 29, 8:00 PM ET
- Accepted
- Aug 30, 6:58 PM ET
- Size
- 9.1 KB