Form 4: ChargePoint Director G Richard Wagoner Jr. Reports Changes in Beneficial Ownership

G Richard Wagoner Jr., a director at ChargePoint Holdings, Inc., reported the acquisition and disposal of common stock and restricted stock units (RSUs) in a recent SEC filing.

Summary

• On July 9, 2024, G Richard Wagoner Jr., a director of ChargePoint Holdings, Inc., filed a Form 4 with the SEC detailing changes in his beneficial ownership of the company's securities.
• Wagoner was granted 115,552 Restricted Stock Units (RSUs), each representing a contingent right to receive one share of common stock.
• These RSUs are subject to a service-based vesting requirement, which will be satisfied on the earlier of July 9, 2025, or the date of the next annual meeting of stockholders, contingent upon continuous service with the Issuer.
• Wagoner also reported the disposal of 69,438 shares of common stock held indirectly through a trust.
• The filing indicates that Wagoner directly owns 173,460 shares of ChargePoint common stock following the reported transactions.
• The shares held by the G. Richard Wagoner, Jr. Trust dated 7/13/1989, as amended and restated 10/19/2018, of which the Reporting Person is trustee.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The vesting of the RSUs is contingent upon the Reporting Person's continuous service with the Issuer through the vesting date.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency into the actions of company leadership.

Stakeholder Impact

• The transactions may have a minor impact on shareholders as they reflect insider activity, but the overall impact is likely minimal.

Key Dates