Francine Sullivan - 14 Mar 2025 Form 4 Insider Report for EVgo Inc. (EVGO)

Role
Chief Legal Officer
Signature
/s/ Francine Sullivan
Issuer symbol
EVGO
Transactions as of
14 Mar 2025
Net transactions value
-$131,258
Form type
4
Filing time
18 Mar 2025, 21:16:22 UTC
Previous filing
13 Aug 2024
Next filing
12 Aug 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 +23,242 +20% $0.000000 140,569 14 Mar 2025 Direct F1
transaction EVGO Class A Common Stock Tax liability $21,950 -9,146 -6.5% $2.40 131,423 14 Mar 2025 Direct F2
transaction EVGO Class A Common Stock Options Exercise $0 +41,667 +32% $0.000000 173,090 14 Mar 2025 Direct F1
transaction EVGO Class A Common Stock Tax liability $39,350 -16,396 -9.5% $2.40 156,694 14 Mar 2025 Direct F2
transaction EVGO Class A Common Stock Options Exercise $0 +66,666 +43% $0.000000 223,360 14 Mar 2025 Direct F1
transaction EVGO Class A Common Stock Tax liability $62,962 -26,234 -12% $2.40 197,126 14 Mar 2025 Direct F2
transaction EVGO Class A Common Stock Options Exercise $0 +7,407 +3.8% $0.000000 204,533 14 Mar 2025 Direct F1
transaction EVGO Class A Common Stock Tax liability $6,996 -2,915 -1.4% $2.40 201,618 14 Mar 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 -23,242 -100% $0.000000 0 14 Mar 2025 Class A Common Stock 23,242 Direct F1, F3
transaction EVGO Restricted Stock Units Options Exercise $0 -41,667 -50% $0.000000 41,667 14 Mar 2025 Class A Common Stock 41,667 Direct F1, F4
transaction EVGO Restricted Stock Units Options Exercise $0 -66,666 -33% $0.000000 133,334 14 Mar 2025 Class A Common Stock 66,666 Direct F1, F5
transaction EVGO Restricted Stock Units Options Exercise $0 -7,407 -11% $0.000000 59,260 14 Mar 2025 Class A Common Stock 7,407 Direct F1, F6
transaction EVGO Restricted Stock Units Award $0 +213,675 $0.000000 213,675 18 Mar 2025 Class A Common Stock 213,675 Direct F1, F7
* 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 February 1, 2022, subject to the Reporting Person's continued employment through each vesting date. The RSUs vested on February 1, 2025, but settlement was delayed until transactions acceptable under the Issuer's insider trading policy were permitted.
F4 The RSUs vest in three equal annual installments on each of the first three anniversaries of February 1, 2023, subject to the Reporting Person's continued employment through each such vesting date. The RSUs vested on February 1, 2025, but settlement was delayed until transactions acceptable under the Issuer's insider trading policy were permitted.
F5 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.
F6 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 generally vest in three equal installments on the first three anniversaries of March 15, 2024, 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 15, 2029.
F7 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.