Vincent T. Cubbage - Jul 30, 2022 Form 4 Insider Report for Volta Inc. (VLTA)

Signature
/s/ Francois P. Chadwick, as Attorney-in-Fact
Stock symbol
VLTA
Transactions as of
Jul 30, 2022
Transactions value $
$0
Form type
4
Date filed
8/2/2022, 05:02 PM
Previous filing
Mar 10, 2022
Next filing
Mar 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLTA Class A Common Stock Award $0 +420K +41.67% $0.00 1.43M Jul 30, 2022 Direct F1
transaction VLTA Class A Common Stock Award $0 +92.2K +6.46% $0.00 1.52M Jul 30, 2022 Direct F2
holding VLTA Class A Common Stock 490K Jul 30, 2022 By 3 Chiefs Family Trust F3
* 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") pursuant to that certain Offer Letter dated July 29, 2022 by and between the Issuer and the Reporting Person in connection with the Reporting Person's service as the Issuer's Interim Chief Executive Officer. The RSU will vest as to 1/2 of the total number of shares on December 13, 2022, and 1/2 of the total number of shares will vest on June 13, 2023, 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 in connection with annual awards to directors for service as a member of the Issuer's Board of Directors. The RSU will vest in full on the earlier of (i) July 30, 2023, and (ii) the date of the Issuer's next annual shareholder's meeting, subject to the Reporting Person's continued service as a member of the Board of Directors through such vesting date.
F3 The shares are held in trust for the benefit of the Reporting Person's spouse and children. The Reporting Person's spouse is trustee of 3 Chiefs Family Trust.