Form 4: ChargePoint CLO Sells Shares to Cover Tax Obligations

ChargePoint's Chief Legal Officer, Rebecca Chavez, sold 60,849 shares to cover tax obligations related to vesting restricted stock units.

Summary

• Rebecca Chavez, Chief Legal Officer and Corporate Secretary at ChargePoint Holdings, Inc., sold 60,849 shares of common stock on December 23, 2024.
• The shares were sold at a weighted average price of $1.1446 per share.
• The sale was mandated by the company's equity incentive plan to cover tax withholding obligations associated with the vesting of restricted stock units.
• The total number of shares beneficially owned by Rebecca Chavez after the transaction is 1,198,062.
• The sales occurred in multiple transactions with prices ranging from $1.13 to $1.15.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment regarding the company's performance.

Industry Context

This is a routine transaction related to executive compensation and is common among publicly traded companies. It does not indicate any change in the company's performance or outlook.

Comparison to Industry Standards

• Sales of shares to cover tax obligations are a standard practice for executives receiving equity compensation in publicly traded companies.
• The sale is consistent with typical insider transactions related to vesting of restricted stock units.
• Similar transactions are regularly reported by executives at comparable companies.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.

Key Dates

Keywords

ChargePoint, CHPT, insider trading, stock sale, Form 4, equity incentive plan, tax withholding, restricted stock units, Rebecca Chavez