SNPR Tortoise Acquisition Corp II

SCHEDULE 13D

CUSIP No. 92873V102

 

1	NAMES OF REPORTING PERSONS
	Scott Mercer
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a)	☐
				(b)	☐
3	SEC USE ONLY
4	SOURCE OF FUNDS (SEE INSTRUCTIONS)
	OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)				☐
6	CITIZENSHIP OR PLACE OF ORGANIZATION
	United States
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER
			7,963,913 (1)
		8	SHARED VOTING POWER
			0
		9	SOLE DISPOSITIVE POWER
			7,963,913 (1)
		10	SHARED DISPOSITIVE POWER
			0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	7,963,913 (1)
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)				☐
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
	4.57% (2)
14	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IN

(1)          Consists of (a) 7,304,610 shares of Class A Common Stock and (b) 659,303 shares of Class A Common Stock issuable upon the exercise of stock options. Excludes 5,250,000 restricted stock units of Class A Common Stock which will not vest within 60 days of February 6, 2022.

 

(2)          Based on 174,411,561 shares of Class A Common Stock outstanding as of January 13, 2023, as reported by the Company.

 

SCHEDULE 13D

 

Item 1. Security and Issuer.

 

This Amendment No. 3, dated February 6, 2023 (this “Amendment No. 3”), supplements and amends the Schedule 13D filed by Scott Mercer (the “Reporting Person”) with the Securities and Exchange Commission on September 16, 2021 (as amended by (i) Amendment No. 1, dated April 19, 2022, (ii) Amendment No. 2, dated October 21, 2022, and (iii) and this Amendment No. 3, the “Schedule 13D”) relating to shares of Class A Common Stock, $0.0001 par value per share (the “Class A Common Stock”), of Volta Inc., a Delaware corporation (the “Company”), with its principal executive offices at 155 De Haro Street, San Francisco, California 94103. Capitalized terms used in this Amendment No. 3 and not otherwise defined herein shall have the same meanings ascribed to them in the Schedule 13D.

 

Item 4. Purpose of the Transaction

 

On the below-referenced dates, the Reporting Person sold 4,631,196 shares of Class A Common Stock in market transactions at the below-referenced prices:

Item 5. Interest in Securities of the Issuer

Item 5(a)-(b) of the Schedule 13D is hereby amended and restated in its entirety as follows:

 

(a) - (b) The Reporting Person has beneficial ownership of 7,963,913 shares of the Class A Common Stock. The percentage of beneficial ownership is approximately 4.57% of the outstanding shares of the Class A Common Stock. The percentage of the Class A Common Stock is based on 174,411,561 shares of Class A Common Stock outstanding as of January 13, 2023 as reported by the Company.

 

The Reporting Person has the sole power to dispose or direct the disposition of all shares of the Common Stock that the Reporting Person beneficially owned as of the date of this report.

 

SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I hereby certify that the information set forth in this statement is true, complete and correct.

 

Date: February 6, 2023