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

Role: Chief Strategy Officer
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.

Content

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.

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.