Badar Khan - Nov 13, 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: Nov 13, 2025
Transactions value $: -$257,908
Form type: 4
Date filed: 11/18/2025, 04:01 PM
Previous filing: May 20, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Khan Badar	Chief Executive Officer, Director	C/O EVGO INC., 1661 EAST FRANKLIN AVENUE, EL SEGUNDO	/s/ Badar Khan, by Francine Sullivan, as Attorney-in-Fact	2025-11-17	0001929283

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EVGO	Class A Common Stock	Options Exercise	$0	+235K	+48.2%	$0.00	722K	Nov 13, 2025	Direct	F1
transaction	EVGO	Class A Common Stock	Tax liability	-$178K	-59.5K	-8.24%	$2.99	662K	Nov 13, 2025	Direct	F2
transaction	EVGO	Class A Common Stock	Options Exercise	$0	+78.2K	+11.81%	$0.00	741K	Nov 13, 2025	Direct	F1
transaction	EVGO	Class A Common Stock	Tax liability	-$59.3K	-19.8K	-2.68%	$2.99	721K	Nov 13, 2025	Direct	F2
transaction	EVGO	Class A Common Stock	Options Exercise	$0	+27.3K	+3.78%	$0.00	748K	Nov 13, 2025	Direct	F1
transaction	EVGO	Class A Common Stock	Tax liability	-$20.7K	-6.91K	-0.92%	$2.99	741K	Nov 13, 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	-235K	-50%	$0.00	235K	Nov 13, 2025	Class A Common Stock	235K		Direct	F1, F3
transaction	EVGO	Performance Based Restricted Stock Units	Options Exercise	$0	-78.2K	-12.5%	$0.00	548K	Nov 13, 2025	Class A Common Stock	78.2K		Direct	F4
transaction	EVGO	Restricted Stock Units	Options Exercise	$0	-27.3K	-50%	$0.00	27.3K	Nov 13, 2025	Class A Common Stock	27.3K		Direct	F1, F3

* 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 November 13, 2025, the Reporting Person's RSUs vested. The closing price of the Class A Common Stock on November 13, 2025 was the settlement price used to calculate the shares withheld.
F3	The RSUs vest in three equal installments on each of the first three anniversaries of November 13, 2023, subject to the Reporting Person's continued employment through the applicable vesting date.
F4	Performance-based restricted stock units ("PRSUs") awarded under the Plan. Each PRSU represents the contingent right to receive, upon vesting of the PRSU, one share of Class A Common Stock. The PRSUs generally vest in three equal installments on the first three anniversaries of November 13, 2023, 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 the Reporting Person's continued employment through the applicable vesting date, and subject to the continuous service of the Reporting Person through the applicable vesting date. The applicable performance goal for each tranche of PRSUs 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 November 13, 2028.