Form 4: ChargePoint Director Mark Leschly Granted Over 250,000 Restricted Stock Units

ChargePoint Holdings, Inc. Director Mark Leschly was granted 254,785 Restricted Stock Units (RSUs) on July 8, 2025, as part of his compensation, increasing his total beneficial ownership.

Summary

• Mark Leschly, a Director of ChargePoint Holdings, Inc. (CHPT), was granted 254,785 Restricted Stock Units (RSUs) on July 8, 2025.
• These RSUs represent a contingent right to receive one share of Common Stock for each unit.
• The RSUs were granted at a price of $0, indicating they are part of a compensation package.
• Vesting of these RSUs is service-based and 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, Mark Leschly directly beneficially owns 427,517 shares of Common Stock.
• Additionally, 420,946 shares are indirectly beneficially owned by Iconica LLC, where Mr. Leschly serves as the managing member with sole power to direct voting and disposition.

Sentiment

Score: 7

Explanation: The sentiment is positive as a director is acquiring a significant number of shares (albeit RSUs), indicating continued commitment and alignment with shareholder interests. This is a routine compensation event but generally viewed favorably as it increases insider ownership.

Positives

• The grant of 254,785 RSUs to a director aligns management's interests with shareholders, as the value of the compensation is tied to the company's stock performance.
• The acquisition of additional equity by a director signals continued commitment and confidence in the company's future prospects.

Risks

• The value of the RSU grant is contingent on the future market price of ChargePoint's common stock, meaning the actual realized value could be lower if the stock price declines.
• Vesting of the RSUs is subject to a service-based requirement, meaning the director must maintain continuous service with the Issuer until the vesting date to receive the shares.

Future Outlook

The document does not provide a general future outlook for the company, focusing solely on an insider's equity transaction.

Industry Context

This filing is specific to an individual director's compensation and does not provide broader industry context or trends within the electric vehicle charging sector.

Related Party Transactions

• Mark Leschly indirectly beneficially owns 420,946 shares through Iconica LLC, where he is the managing member and possesses sole power to direct the voting and disposition of these shares. This is a common structure for insider holdings.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial interests with the company's stock performance, potentially encouraging decisions that enhance shareholder value.
• Employees: While not directly impacting all employees, the compensation structure for leadership can influence overall company culture and motivation.

Next Steps

• The RSUs granted to Mark Leschly will vest 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, subject to his continuous service.

Key Dates

Keywords

ChargePoint Holdings, CHPT, Mark Leschly, Restricted Stock Units, RSU, Director Compensation, Insider Transaction, SEC Form 4, Equity Grant, Corporate Governance