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

Role
Chief Legal Officer
Signature
/s/ Francine Sullivan
Stock symbol
EVGO
Transactions as of
Mar 14, 2025
Transactions value $
-$131,258
Form type
4
Date filed
3/18/2025, 09:16 PM
Previous filing
Aug 13, 2024
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 +23.2K +19.81% $0.00 141K Mar 14, 2025 Direct F1
transaction EVGO Class A Common Stock Tax liability -$22K -9.15K -6.51% $2.40 131K Mar 14, 2025 Direct F2
transaction EVGO Class A Common Stock Options Exercise $0 +41.7K +31.7% $0.00 173K Mar 14, 2025 Direct F1
transaction EVGO Class A Common Stock Tax liability -$39.4K -16.4K -9.47% $2.40 157K Mar 14, 2025 Direct F2
transaction EVGO Class A Common Stock Options Exercise $0 +66.7K +42.55% $0.00 223K Mar 14, 2025 Direct F1
transaction EVGO Class A Common Stock Tax liability -$63K -26.2K -11.75% $2.40 197K Mar 14, 2025 Direct F2
transaction EVGO Class A Common Stock Options Exercise $0 +7.41K +3.76% $0.00 205K Mar 14, 2025 Direct F1
transaction EVGO Class A Common Stock Tax liability -$7K -2.92K -1.43% $2.40 202K 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 -23.2K -100% $0.00 0 Mar 14, 2025 Class A Common Stock 23.2K Direct F1, F3
transaction EVGO Restricted Stock Units Options Exercise $0 -41.7K -50% $0.00 41.7K Mar 14, 2025 Class A Common Stock 41.7K Direct F1, F4
transaction EVGO Restricted Stock Units Options Exercise $0 -66.7K -33.33% $0.00 133K Mar 14, 2025 Class A Common Stock 66.7K Direct F1, F5
transaction EVGO Restricted Stock Units Options Exercise $0 -7.41K -11.11% $0.00 59.3K Mar 14, 2025 Class A Common Stock 7.41K Direct F1, F6
transaction EVGO Restricted Stock Units Award $0 +214K $0.00 214K Mar 18, 2025 Class A Common Stock 214K 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.