Juan J. Daboub - Aug 26, 2021 Form 4 Insider Report for Volta Inc. (VLTA)

Role
Director
Signature
/s/ Juan J. Daboub, by Vincent T. Cubbage as Attorney-in-Fact
Stock symbol
VLTA
Transactions as of
Aug 26, 2021
Transactions value $
$0
Form type
4
Date filed
8/30/2021, 06:49 PM
Previous filing
Jul 19, 2021
Next filing
May 6, 2022

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 +35K 35K Aug 26, 2021 Direct F1

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 -35K -100% 0 Aug 26, 2021 Class A Common Stock 35K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Juan J. Daboub 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."