Brook F. Porter - Mar 28, 2023 Form 4 Insider Report for Proterra Inc (PTRA)

Role
Director
Signature
Brook F. Porter, by /s/ Ron A. Metzger, Attorney-in-Fact
Stock symbol
PTRA
Transactions as of
Mar 28, 2023
Transactions value $
$0
Form type
4
Date filed
3/30/2023, 07:22 PM
Previous filing
Feb 22, 2022
Next filing
Mar 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTRA Common Stock Award $0 +33.4K +98.26% $0.00 67.4K Mar 28, 2023 Direct F1
holding PTRA Common Stock 2.57M Mar 28, 2023 See Footnote F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares of common stock underlying restricted stock units ("RSUs"). Each RSU represents the contingent right to receive one share of the Issuer's common stock. 25% of the total shares underlying the RSUs will vest quarterly on March 31, June 30, September 30, and December 31 (each a "Quarterly Vesting Date"), provided however, that if Reporting Person resigns, retires, or is removed from the Issuer's Board of Directors ("Board") before a Quarterly Vesting Date, then for the quarter in which the Reporting Person ceases Service (as defined in the Issuer's 2021 Equity Incentive Plan ("EIP")), the shares will vest daily (i.e., over the number of days in the year) in the quarter such that the shares vest for each day the Reporting Person provided services, and RSUs which have not been previously settled during the Reporting Person's term of office will be settled upon the Reporting Person's departure from the Board pursuant to the terms of the EIP.
F2 In Reporting Person's prior reports this figure was erroneously reflected as 3,571,012 shares.
F3 G2VP I, LLC, for itself and as nominee for G2VP Founders Fund I, LLC ("G2VP"), is the record holder of the securities reported herein. The Reporting Person, together with Ben Kortlang, David Mount and Daniel Oros, is a managing member of G2VP I Associates, LLC, which is the managing member of G2VP, and may be deemed to share voting and dispositive control over the shares held by G2VP. G2VP I Associates, LLC and each of its managing members disclaim beneficial ownership of these shares held by G2VP except to the extent of any pecuniary interest therein.