JoAnn Covington - 16 Aug 2021 Form 4 Insider Report for Proterra Inc

Role: Chief Legal Officer, Secy
Signature: /s/ Joshua Damm, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 16 Aug 2021
Net transactions value: -$134,850
Form type: 4
Filing time: 18 Aug 2021, 20:02:32 UTC
Previous filing: 22 Jul 2021
Next filing: 07 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PTRA	Common Stock	Tax liability	$56,705	-5,751	-41%	$9.86^*	8,264	16 Aug 2021	Direct	F1
transaction	PTRA	Common Stock	Disposed to Issuer	$78,145	-8,264	-100%	$9.46^*	0	18 Aug 2021	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Represents the sale of shares of common stock in order to satisfy the tax liability of the Reporting Person in connection with the distribution of 14,015 shares of common stock previously reported on Table I pursuant to the earnout provision set forth in Section 3.09(a)(i) of the Agreement and Plan of Merger, dated as of January 11, 2021, by and among Proterra Inc (formerly ArcLight Clean Transition Corp.), Phoenix Merger Sub, Inc., and Proterra Operating Company, Inc. (formerly Proterra Inc) (the "Merger Agreement").
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.42 to $9.4950, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.

Content

Represents the sale of shares of common stock in order to satisfy the tax liability of the Reporting Person in connection with the distribution of 14,015 shares of common stock previously reported on Table I pursuant to the earnout provision set forth in Section 3.09(a)(i) of the Agreement and Plan of Merger, dated as of January 11, 2021, by and among Proterra Inc (formerly ArcLight Clean Transition Corp.), Phoenix Merger Sub, Inc., and Proterra Operating Company, Inc. (formerly Proterra Inc) (the "Merger Agreement").

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.42 to $9.4950, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth herein.