Virgo Agency Services LLC - Aug 26, 2021 Form 3 Insider Report for Volta Inc. (VLTA)

Role: 10%+ Owner
Signature: Virgo Agency Services LLC, By: /s/ Jesse C. Watson, Manager
Stock symbol: VLTA
Transactions as of: Aug 26, 2021
Transactions value $: $0
Form type: 3
Date filed: 12/8/2021, 03:18 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	VLTA	Class A Common Stock, par value $0.0001 per share						7.11M	Aug 26, 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
holding	VLTA	Assumed Warrant							Aug 26, 2021	Class A Common Stock, par value $0.0001 per share	9.11M		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported securities herein are directly owned by Virgo Hermes, LLC. The reported securities herein may also be deemed to be indirectly beneficially owned by (i) Virgo Agency Services LLC, the manager of Virgo Hermes, LLC, (ii) Virgo Investment Group LLC, the investment manager of pooled investment vehicles that own equity interest in Virgo Hermes, LLC, and (iii) Jesse C. Watson, the manager of each of Virgo Agency Services LLC and Virgo Investment Group LLC. The Reporting Persons each disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Persons are the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F2	The reported warrants herein (the "Assumed Warrants") are the resulting warrants stemming from the Issuer's Business Combination (as defined in the Prospectus (as defined below)) to purchase a number of shares of the Issuer's Class A Common Stock, par value $0.0001 per share, equal to the product of (a) the number of shares of Legacy Volta Common Stock or Legacy Volta Preferred Stock (each as defined in the Prospectus) subject to such Legacy Volta Warrant (as defined in the Prospectus) and (b) 1.2135, rounding down to the nearest whole number of shares, at an exercise price per share equal to (i) the exercise price per share for the shares of Legacy Volta Common Stock or Legacy Volta Preferred Stock subject to such Legacy Volta Warrant divided by (ii) 1.2135, rounding up to the nearest whole cent.
F3	Continued from response 2. The terms of the Assumed Warrants are governed by the terms and conditions stated in the governing instrument(s) (the "Governing Instruments") of the Assumed Warrants, as disclosed in the Issuer's Prospectus (the "Prospectus") filed with the Securities and Exchange Commission on September 29, 2021. Each of the Governing Instruments and the Prospectus are incorporated herein by reference.