Michelle Kley - Mar 31, 2023 Form 4 Insider Report for Volta Inc. (VLTA)

Role
Chief Legal Officer
Signature
/s/ Brandt Hastings, as attorney-in-fact
Stock symbol
VLTA
Transactions as of
Mar 31, 2023
Transactions value $
-$258,000
Form type
4
Date filed
3/31/2023, 02:57 PM
Previous filing
Jul 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLTA Class A Common Stock Disposed to Issuer -$258K -300K -100% $0.86 0 Mar 31, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Michelle Kley is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents 300,000 shares of Class A Common Stock ("Shares") underlying a restricted stock unit award, 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 became effective on March 31, 2023.

Remarks:

Exhibit 24.1 - Power of Attorney