Form 4: ChargePoint Director G. Richard Wagoner Jr. Reports Significant RSU Grant and Share Holdings

ChargePoint Holdings, Inc. Director G. Richard Wagoner Jr. reported the grant of 254,785 Restricted Stock Units and detailed his total beneficial ownership of common stock, including shares held directly and indirectly through a trust.

Summary

• G. Richard Wagoner Jr., a Director of ChargePoint Holdings, Inc. (CHPT), reported changes in his beneficial ownership.
• On July 8, 2025, he was granted 254,785 Restricted Stock Units (RSUs) at a price of $0.
• These RSUs represent a contingent right to receive one share of Common Stock for each RSU.
• The RSUs are subject to service-based vesting, which will be satisfied on the earlier of the one-year anniversary of the grant date or the date of the next annual meeting of stockholders, contingent on continuous service.
• Following this transaction, G. Richard Wagoner Jr. directly beneficially owns 428,245 shares of Common Stock.
• Additionally, 69,438 shares are indirectly beneficially owned through the G. Richard Wagoner, Jr. Trust dated July 13, 1989, as amended and restated October 19, 2018, for which he is the trustee.
• The indirect holdings include 7,203 shares acquired by the Trust on December 14, 2022, from a pro-rata, in-kind distribution by Linse Capital CP, LLC, for no additional consideration.

Sentiment

Score: 7

Explanation: The document reports a routine equity grant to a director, which is generally a positive sign of alignment between management/board and shareholders, but it does not contain significant new financial or operational information to drastically alter sentiment. The future vesting indicates continued commitment.

Positives

• The grant of 254,785 Restricted Stock Units to a director aligns his interests with long-term shareholder value.
• The RSU grant at a $0 price indicates compensation tied to future performance and continued service.

Future Outlook

The RSUs are subject to future vesting on the earlier of the one-year anniversary of the grant date (July 8, 2026) or the date of the next annual meeting of stockholders, contingent on the director's continuous service.

Industry Context

This Form 4 reflects routine insider equity compensation for a director at ChargePoint Holdings, Inc., a company in the electric vehicle charging infrastructure industry. Such grants are common practice to align executive and director interests with long-term company performance.

Comparison to Industry Standards

• This is a standard RSU grant for a director, common across publicly traded companies as a form of equity compensation.
• The specific number of units granted would typically be benchmarked against peer companies in the EV charging or broader technology sector, considering the company's size, performance, and the director's role and tenure. Without specific peer compensation data, a direct comparison is not feasible from this document alone.

Corporate Governance

Related Party Transactions

• The G. Richard Wagoner, Jr. Trust acquired 7,203 shares on December 14, 2022, from a pro-rata, in-kind distribution by Linse Capital CP, LLC, for no additional consideration. This is a related party transaction as the trust is controlled by the reporting person.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's interests with shareholders, potentially encouraging decisions that enhance long-term stock value.

Next Steps

• Vesting of the 254,785 Restricted Stock Units on the earlier of July 8, 2026, or the date of the next annual meeting of stockholders, subject to continuous service.

Key Dates

Recommendation

Keywords

ChargePoint Holdings, CHPT, SEC Form 4, Restricted Stock Units, RSU, Beneficial Ownership, Director Compensation, Insider Trading, Equity Grant, Stock Ownership