Sec Form 4 Filing - Mercer Scott @ Volta Inc. - 2022-03-26

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5

1. Name and Address of Reporting Person Mercer Scott 2. Issuer Name and Ticker or Trading Symbol Volta Inc. [ VLTA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chief Executive Officer (Last) (First) (Middle) C/O VOLTA INC., 155 DE HARO STREET 3. Date of Earliest Transaction (MM/DD/YY) 03/26/2022 (Street) SAN FRANCISCO, CA94103 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 Class A Common Stock 03/26/2022 C 11,580,799 A 17,483,566( 2 ) D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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 ) 03/26/2022 C 11,580,799 ( 1 )( 2 ) ( 1 ) Class A Common Stock 11,580,799 ( 1 ) 0 D Stock Option (right to buy) $ 0.83 03/26/2022 J( 1 ) 135,922 ( 3 ) 12/25/2028 Class A Common Stock 135,922 ( 1 ) 135,922 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Mercer Scott C/O VOLTA INC. 155 DE HARO STREET SAN FRANCISCO, CA94103 Chief Executive Officer Signatures /s/ James DeGraw, as Attorney-in-Fact 03/29/2022 Signature of Reporting Person Date

Explanation of Responses:

( 1 )In accordance with a Settlement and Release Agreement effective as of March 26, 2022 between the Issuer and the Reporting Person (the "Settlement and Release Agreement"), the Reporting Person agreed that all outstanding shares of Class B Common Stock and securities representing shares of Class B Common Stock (including options and restricted stock units) would be converted on a one-for-one basis (in accordance with the Issuer's certificate of incorporation) into shares of Class A Common Stock. ( 2 )Excludes an aggregate of 2,923,695 shares of Class A Common Stock underlying restricted stock unit awards that were forfeited by the Reporting Person pursuant to the Settlement and Release Agreement. ( 3 )The option is fully vested and exercisable.

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.