Mercer Scott 4
4 · Volta Inc. · Filed Mar 29, 2022
Insider Transaction Report
Form 4
Volta Inc.VLTA
Mercer Scott
DirectorChief Executive Officer
Transactions
- Conversion
Class A Common Stock
2022-03-26+11,580,799→ 17,483,566 total - Conversion
Class B Common Stock
2022-03-26−11,580,799→ 0 total→ Class A Common Stock (11,580,799 underlying) - Other
Stock Option (right to buy)
2022-03-26+135,922→ 135,922 totalExercise: $0.83Exp: 2028-12-25→ Class A Common Stock (135,922 underlying)
Footnotes (3)
- [F1]In accordance with a Settlement and Release Agreement effective as of March 26, 2022 between the Issuer and the Reporting Person (the "Settlement and Release Agreement"), the Reporting Person agreed that all outstanding shares of Class B Common Stock and securities representing shares of Class B Common Stock (including options and restricted stock units) would be converted on a one-for-one basis (in accordance with the Issuer's certificate of incorporation) into shares of Class A Common Stock.
- [F2]Excludes an aggregate of 2,923,695 shares of Class A Common Stock underlying restricted stock unit awards that were forfeited by the Reporting Person pursuant to the Settlement and Release Agreement.
- [F3]The option is fully vested and exercisable.