Christopher L. Bailey - May 26, 2022 Form 4 Insider Report for Proterra Inc (PTRAQ)

Role: President, Powered & Energy
Signature: /s/ Joshua Damm, Attorney-in-Fact
Stock symbol: PTRAQ
Transactions as of: May 26, 2022
Transactions value $: -$22,640
Form type: 4
Date filed: 5/31/2022, 06:59 PM
Previous filing: Mar 18, 2022
Next filing: Mar 29, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PTRAQ	Common Stock	Sale	-$22.6K	-3.75K	-1.13%	$6.04^*	327K	May 26, 2022	Direct	F1

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

Explanation of Responses:

Id	Content
F1	The sale reported on this Form 4 represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. These sales are mandated by the Issuer's election under its equity incentive plan to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.

Content

The sale reported on this Form 4 represents shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of RSUs. These sales are mandated by the Issuer's election under its equity incentive plan to require the satisfaction of a tax withholding obligation to be funded by a "sell to cover" transaction and does not represent a discretionary trade by the Reporting Person.