Key facts
- This page summarizes John J. Tough's Form 4 filing for Volta Inc..
- 3 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 31 Mar 2023, 15:29.
John J. Tough - 31 Mar 2023 Form 4 Insider Report for Volta Inc.
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 31 Mar 2023
- Net transaction value
- -$8,750,331
- SEC form
- 4
- Accepted by SEC
- 31 Mar 2023, 15:29:27 UTC
- Prior SEC filing
- 24 Feb 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Brandt Hastings, as attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
John J. Tough filed Form 4 for Volta Inc. on 31 Mar 2023.
Change
- Previous filing in this sequence was filed on 24 Feb 2023.
- Current net transaction value: -$8,750,331.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
VLTA
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $99,872
- Shares
- -116,130
- Change %
- -100%
- Price
- $0.8600
- Shares after
- 0
- Date
- 31 Mar 2023
- Ownership
- Direct
- Footnotes
- F1
VLTA
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $1,413,932
- Shares
- -1,644,107
- Change %
- -100%
- Price
- $0.8600
- Shares after
- 0
- Date
- 31 Mar 2023
- Ownership
- By Energize Growth I P
- Footnotes
- F1, F2
VLTA
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $7,236,527
- Shares
- -8,414,566
- Change %
- -100%
- Price
- $0.8600
- Shares after
- 0
- Date
- 31 Mar 2023
- Ownership
- By Energize Ventures Fund LP
- Footnotes
- F1
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
John J. Tough is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 2 footnotes
Footnote F1
Represents shares of Class A Common Stock ("Shares"), which were cancelled in exchange for the cash merger consideration equal to $0.86 per Share ("Merger Consideration") pursuant to that certain Agreement and Plan of Merger between issuer, Shell USA, Inc., and SEV Subsidiary, Inc., dated January 17, 2023 (the "Merger Agreement") and includes 108,155 Shares underlying restricted stock unit awards. The merger became effective on March 31, 2023 (the "Effective Time").
Footnote F2
The Reporting Person is Managing Partner of Energize Ventures LLC, the investment manager of the record holder of the Shares. The Reporting Person may be deemed to be the beneficial owner of such Shares but disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, if any. The Shares were cancelled in exchange for the Merger Consideration pursuant to the Merger Agreement upon the Effective Time.
SEC remarks
Exhibit 24.1 - Power of Attorney