John J. Tough - Jul 30, 2022 Form 4 Insider Report for Volta Inc. (VLTA)

Role
Director
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, 05:06 PM
Previous filing
Mar 10, 2022
Next filing
Feb 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLTA Class A Common Stock Award $0 +92.2K +385.41% $0.00 116K Jul 30, 2022 Direct F1
holding VLTA Class A Common Stock 1.64M Jul 30, 2022 By Energize Growth Fund I LP F2
holding VLTA Class A Common Stock 8.41M Jul 30, 2022 By Energize Ventures Fund LP F3
holding VLTA Class A Common Stock 1.85M Jul 30, 2022 By EV Volta SPV LLC F4
* 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 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.
F2 Energize Growth I GP LLC ("Growth GP") is the general partner of EGF. The Reporting Person is the Managing Partner of Growth GP and has sole voting and investment power over the shares held by EGF. As such, the Reporting Person may be deemed to be the beneficial owner of such shares and disclaims any beneficial ownership of such shares.
F3 The Reporting Person is the Managing Partner of Energize Ventures Fund LP ("EVF") and has sole voting and investment power over the shares held by EVF. As such, the Reporting Person may be deemed to be the beneficial owner of such shares and disclaims any beneficial ownership of such shares.
F4 Energize Ventures GP LLC ("Ventures GP") is the manager of EV Volta SPV LLC ("Volta SPV"). The Reporting Person is the Managing Partner of Ventures GP and has sole voting and investment power over the shares held by Volta SPV. As such, the Reporting Person may be deemed to be the beneficial owner of such shares and disclaims any beneficial ownership of such shares.