Andrew B. Lipsher - Dec 2, 2021 Form 4 Insider Report for Volta Inc. (VLTA)

Signature
/s/ James DeGraw, as Attorney-in-Fact
Stock symbol
VLTA
Transactions as of
Dec 2, 2021
Transactions value $
$0
Form type
4
Date filed
12/6/2021, 08:27 PM
Previous filing
Aug 30, 2021
Next filing
Aug 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLTA Class A Common Stock Award $0 +98.8K +5.51% $0.00 1.89M Dec 2, 2021 Direct F1
transaction VLTA Class A Common Stock Award $0 +98.8K +5.22% $0.00 1.99M Dec 2, 2021 Direct F2
transaction VLTA Class A Common Stock Award $0 +24.7K +1.24% $0.00 2.02M Dec 2, 2021 Direct F2
transaction VLTA Class A Common Stock Award $0 +24.7K +1.23% $0.00 2.04M Dec 2, 2021 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A Common Stock underlying a restricted stock unit award ("RSU") granted under the Issuer's 2021 Equity Incentive Plan (the "Plan"). The RSU will vest as to 1/3 of the total number of shares on November 15, 2022, and 1/12 of the total number of shares will vest on each quarterly anniversary thereafter, subject to the Reporting Person's continued service through each vesting date.
F2 Represents shares of Class A Common Stock underlying an RSU award granted under the Plan. The RSU will vest based on the achievement of specified stock price targets on or before August 26, 2026; provided that, any shares subject to the RSU which have not vested on or before August 26, 2026 shall no longer be eligible to vest and shall automatically be forfeited and returned to the Plan.