Badar Khan - Mar 14, 2025 Form 4 Insider Report for EVgo Inc. (EVGO)

Role: Chief Executive Officer, Director
Signature: /s/ Badar Khan, by Francine Sullivan, as Attorney-in-Fact
Stock symbol: EVGO
Transactions as of: Mar 14, 2025
Transactions value $: -$204,648
Form type: 4
Date filed: 3/18/2025, 09:14 PM
Previous filing: Jan 2, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EVGO	Class A Common Stock	Options Exercise	$0	+222K	+63.72%	$0.00	571K	Mar 14, 2025	Direct	F1
transaction	EVGO	Class A Common Stock	Tax liability	-$205K	-85.3K	-14.93%	$2.40	486K	Mar 14, 2025	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	EVGO	Restricted Stock Units	Options Exercise	$0	-222K	-33.33%	$0.00	444K	Mar 14, 2025	Class A Common Stock	222K		Direct	F1, F3
transaction	EVGO	Restricted Stock Units	Award	$0	+570K		$0.00	570K	Mar 18, 2025	Class A Common Stock	570K		Direct	F1, F4
transaction	EVGO	Restricted Stock Units	Award	$0	+285K		$0.00	285K	Mar 18, 2025	Class A Common Stock	285K		Direct	F1, F5

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

Explanation of Responses:

Id	Content
F1	Restricted stock units ("RSUs") awarded under the Issuer's 2021 Long Term Incentive Plan (the "Plan"). Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's Class A common stock, $0.0001 par value ("Class A Common Stock").
F2	On March 14, 2025, the Reporting Person's RSUs vested. The closing price of the Class A Common Stock on March 14, 2025 was the settlement price used to calculate the shares withheld.
F3	The RSUs vest in three equal annual installments on each of the first three anniversaries of March 15, 2024, subject to the Reporting Person's continued employment through each vesting date.
F4	The RSUs will vest in three equal annual installments on each of the first three anniversaries of March 18, 2025, subject to the Reporting Person's continued employment through each vesting date.
F5	Performance-based restricted stock units ("PSUs") awarded under the Plan. Each PSU represents the contingent right to receive, upon vesting of the PSU, one share of Class A Common Stock. The PSUs will generally vest in three equal installments on the first three anniversaries of March 18, 2025, provided that the applicable performance goal has been achieved by such date (and, if not, on the date the applicable performance goal is subsequently achieved), and subject to the continuous service of the Reporting Person through the applicable vesting date. The applicable performance goal for each tranche of PSUs will be satisfied if the Class A Common Stock achieves a specified per share price for such tranche calculated based on a 20-day volume-weighted average price at any time prior to March 18, 2030.