Vincent T. Cubbage - Mar 31, 2023 Form 4 Insider Report for Volta Inc. (VLTA)

Role
Interim CEO, Director
Signature
/s/ Brandt Hastings, as attorney-in-fact
Stock symbol
VLTA
Transactions as of
Mar 31, 2023
Transactions value $
-$1,727,903
Form type
4
Date filed
3/31/2023, 02:45 PM
Previous filing
Mar 15, 2023
Next filing
Nov 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLTA Class A Common Stock Disposed to Issuer -$1.31M -1.52M -100% $0.86 0 Mar 31, 2023 Direct F1
transaction VLTA Class A Common Stock Disposed to Issuer -$421K -489K -100% $0.86 0 Mar 31, 2023 By 3 Chiefs Family Trust F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Vincent T. Cubbage is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares of Class A Common Stock ("Shares"), which were cancelled in exchange for the cash merger consideration equal to $0.86 per Share pursuant to that certain Agreement and Plan of Merger between issuer, Shell USA, Inc., and SEV Subsidiary, Inc., dated January 17, 2023 (the "Merger Agreement") and includes 318,155 Shares underlying restricted stock unit awards. The merger became effective on March 31, 2023.
F2 Represents Shares that are held in trust for the benefit of the Reporting Person's spouse and children, which the Reporting Person's spouse is a trustee of, and such Shares were cancelled in exchange for the cash merger consideration equal to $0.86 per Share pursuant to the Merger Agreement.

Remarks:

Exhibit 24.1 - Power of Attorney