FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Volta Inc. [ VLTA ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 08/26/2021 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) 08/30/2021 |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Class B Common Stock | (1) | 08/26/2021 | A | 5,250,000 | (1) | (1) | Class A Common Stock | 5,250,000 | $0.00 | 11,580,799 | D |
Explanation of Responses: |
1. Represents shares of Class B Common Stock underlying a restricted stock unit award ("RSU") granted under the Issuer's Founder Incentive Plan ("the Founder Plan"). The RSU will vest upon the earliest of: (i) January 1, 2022, subject to the Reporting Person's continuing to be a Service Provider (as defined in the Founder Plan) through such date; (ii) the Reporting Person's termination of service by the Issuer without Cause; (iii) the Reporting Person's resignation from service for Good Reason; (iv) the Reporting Person's termination of service as a result of the Reporting Person's death or Disability; (v) as of immediately prior to a Change in Control; or (vi) as otherwise provided in the Reporting Person's employment agreement with the Issuer. Defined terms used in subsections (ii), (iii), (iv) and (v) of this footnote (2) are defined in the Reporting Person's employment agreement with the Issuer. |
Remarks: |
The Form 4 filed by the Reporting Person with the U.S. Securities and Exchange Commission on August 30, 2021 (the "August 30, 2021 Form 4") inadvertently reported an award of restricted stock units (the "August 26, 2021 RSU Award") in Table I as shares of Class A Common Stock. The securities underlying the August 26, 2021 RSU Award are shares of Class B Common Stock, and this amendment is being filed to correct the August 30, 2021 Form 4 by moving the August 26, 2021 RSU Award from Table I to Table II and updating the number of derivative securities beneficially owned under column 9 of Table II. |
/s/ James DeGraw, as Attorney-in-Fact | 02/23/2022 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |