Tortoise Sponsor II LLC - 26 Aug 2021 Form 4 Insider Report for Volta Inc.

Role
10%+ Owner
Signature
/s/ Tortoise Sponsor II LLC, by Vincent T. Cubbage as Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
26 Aug 2021
Net transactions value
$0
Form type
4
Filing time
30 Aug 2021, 18:31:50 UTC
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VLTA Class A Common Stock Conversion of derivative security +8,520,000 8,520,000 26 Aug 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VLTA Class B Ordinary Shares Conversion of derivative security -8,520,000 -100% 0 26 Aug 2021 Class A Common Stock 8,520,000 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Tortoise Sponsor II LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The Class B Ordinary Shares are automatically convertible into shares of Class A Common Stock at the time of Tortoise Acquisition Corp. II's ("TortoiseCorp II") initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights, and have no expiration date. In connection with the domestication of TortoiseCorp II and the closing of the business combination among TortoiseCorp II, SNPR Merger Sub I, Inc., SNPR Merger Sub II, LLC and Volta Industries, Inc. on August 26, 2021, the Reporting Person's Class B Ordinary Shares automatically converted into shares of TortoiseCorp II's Class A Common Stock on a one-for-one basis. Upon consummation of the business combination, TortoiseCorp II changed its name to "Volta Inc."
F2 Tortoise Sponsor II LLC is the record holder of the shares reported herein. TortoiseEcofin Borrower LLC is the managing member of Tortoise Sponsor II LLC. TortoiseEcofin Parent Holdco LLC is the sole member of TortoiseEcofin Borrower LLC and TortoiseEcofin Invesments, LLC is the sole member of TortoiseEcofin Parent Holdco LLC. Accordingly, TortoiseEcofin Borrower LLC and TortoiseEcofin Investments, LLC may be deemed to have or share beneficial ownership of the Class B Ordinary Shares held directly by Tortoise Sponsor II LLC. The address of each of TortoiseEcofin Borrower LLC and TortoiseEcofin Investments, LLC is 6363 College Boulevard, Overland Park, Kansas 66211.