Brook F. Porter - Mar 13, 2024 Form 4 Insider Report for Proterra Inc (PTRAQ)

Role
Director
Signature
/s/ Brook F. Porter
Stock symbol
PTRAQ
Transactions as of
Mar 13, 2024
Transactions value $
$0
Form type
4
Date filed
3/13/2024, 07:12 PM
Previous filing
Mar 30, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTRAQ Common Stock Other $0 -50.7K -100% $0.00* 0 Mar 13, 2024 Direct F1
transaction PTRAQ Common Stock Other $0 -2.57M -100% $0.00* 0 Mar 13, 2024 See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Brook F. Porter is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On August 7, 2023, Proterra Inc (the "Company") and its subsidiary Proterra Operating Company, Inc. (collectively, the "Debtors") filed voluntary petitions for relief under Chapter 11 of Title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware (the "Court"), thereby commencing chapter 11 cases for the Debtors. On March 6, 2024, the Court entered its order confirming the Fifth Amended Joint Chapter 11 Plan of Reorganization for Proterra Inc and its Debtor Affiliate (the "Plan"). On March 13, 2024, the Plan became effective pursuant to its terms (the "Effective Date"). On the Effective Date, pursuant to the Plan, all outstanding shares of the Company's common stock, including options, warrants, rights, restricted stock units or other securities or agreements to acquire such common stock, were cancelled and extinguished without the receipt of any consideration.
F2 G2VP I, LLC, for itself and as nominee for G2VP Founders Fund I, LLC ("G2VP"), is the record holder of the securities reported herein. The Reporting Person, together with Ben Kortlang, David Mount and Daniel Oros, is a managing member of G2VP I Associates, LLC, which is the managing member of G2VP, and may be deemed to share voting and dispositive control over the shares held by G2VP. G2VP I Associates, LLC and each of its managing members disclaim beneficial ownership of these shares held by G2VP except to the extent of any pecuniary interest therein.