Form 4: ChargePoint CEO's Stock Holdings Adjusted Post-Split

ChargePoint Holdings, Inc. CEO Richard Wilmer's beneficial ownership of common stock was adjusted to 494,143 shares following a tax-related withholding and a 1-for-20 reverse stock split.

Summary

• Richard Wilmer, President and CEO and a Director of ChargePoint Holdings, Inc. (CHPT), reported changes in his beneficial ownership of common stock.
• On September 20, 2025, 2,774 shares of common stock were withheld by ChargePoint at a price of $10.85 per share. This action satisfied income tax and withholding obligations related to the vesting of previously reported restricted stock units and was not a sale by Mr. Wilmer.
• Following this transaction, Mr. Wilmer beneficially owns 494,143 shares of ChargePoint common stock.
• The reported share amounts reflect a 1-for-20 reverse stock split of ChargePoint's common stock, which became effective on July 28, 2025.
• The total beneficial ownership also includes 500 shares acquired on September 9, 2025, under ChargePoint's Employee Stock Purchase Plan, an exempt transaction.

Sentiment

Score: 6

Explanation: The filing reports routine insider transactions, including a tax-related share withholding (not a sale) and a small acquisition via an employee stock purchase plan, which are generally neutral to slightly positive events for investor sentiment.

Positives

• The reported transaction on September 20, 2025, was a tax-related withholding of shares, not a discretionary sale by the CEO, indicating no active divestment.
• The CEO acquired 500 shares through the Employee Stock Purchase Plan on September 9, 2025, demonstrating continued personal investment in the company.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The filing provides transparency on the CEO's adjusted stock ownership, reflecting routine compensation-related transactions and the impact of a previously announced reverse stock split.

Key Dates

Recommendation

This Form 4 reports routine tax-related share withholding for RSU vesting and a small acquisition through an employee stock purchase plan by the CEO. These are standard events and do not provide significant new information to alter an investment thesis, thus a 'hold' recommendation is appropriate.

Keywords

ChargePoint, CHPT, Form 4, insider transaction, stock ownership, CEO, reverse stock split, ESPP, restricted stock units