Stephen J. Pilatzke - 31 Mar 2023 Form 4 Insider Report for Volta Inc. (VLTA)

Role
Chief Accounting Officer
Signature
/s/ Brandt Hastings, as attorney-in-fact
Issuer symbol
VLTA
Transactions as of
31 Mar 2023
Transactions value $
-$258,000
Form type
4
Filing time
31 Mar 2023, 15:10:20 UTC
Previous filing
13 Jul 2022
SEC
View on sec.gov

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 31 Mar 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Stephen J. Pilatzke 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