JoAnn Covington - Aug 16, 2021 Form 4 Insider Report for Proterra Inc (PTRA)

Signature
/s/ Joshua Damm, Attorney-in-Fact
Stock symbol
PTRA
Transactions as of
Aug 16, 2021
Transactions value $
-$134,850
Form type
4
Date filed
8/18/2021, 08:02 PM
Previous filing
Jul 22, 2021
Next filing
Sep 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTRA Common Stock Tax liability -$56.7K -5.75K -41.03% $9.86* 8.26K Aug 16, 2021 Direct F1
transaction PTRA Common Stock Disposed to Issuer -$78.1K -8.26K -100% $9.46* 0 Aug 18, 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.