Amy E. Ard - 20 Jul 2021 Form 4 Insider Report for Proterra Inc

Role: Chief Financial Officer
Signature: /s/ Joshua Damm, Attorney-in-Fact
Issuer symbol: N/A
Transactions as of: 20 Jul 2021
Net transactions value: +$196,216
Form type: 4
Filing time: 22 Jul 2021, 20:33:22 UTC
Previous filing: 16 Jun 2021
Next filing: 18 Aug 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PTRAQ	Common Stock	Award	$196,216	+21,985		$8.92^*	21,985	20 Jul 2021	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On July 19, 2021, Issuer determined that the reporting person became entitled to receive these shares of common stock pursuant to the earnout provision set forth in Section 3.09(a)(i) of the Agreement and Plan of Merger, dated as of January 11, 2021, by and among Proterra Inc (formerly ArcLight Clean Transition Corp.), Phoenix Merger Sub, Inc., and Proterra Operating Company, Inc. (formerly Proterra Inc) (the "Merger Agreement"). The price per share indicated on this form is based on the deemed value of the common stock on the date the Merger Agreement was signed. The right of the reporting person to receive additional shares became fixed and irrevocable on June 14, 2021, the effective date of the merger.

Content

On July 19, 2021, Issuer determined that the reporting person became entitled to receive these shares of common stock pursuant to the earnout provision set forth in Section 3.09(a)(i) of the Agreement and Plan of Merger, dated as of January 11, 2021, by and among Proterra Inc (formerly ArcLight Clean Transition Corp.), Phoenix Merger Sub, Inc., and Proterra Operating Company, Inc. (formerly Proterra Inc) (the "Merger Agreement"). The price per share indicated on this form is based on the deemed value of the common stock on the date the Merger Agreement was signed. The right of the reporting person to receive additional shares became fixed and irrevocable on June 14, 2021, the effective date of the merger.