Form 4: ChargePoint Director Susan Heystee Granted Over 250,000 Restricted Stock Units

ChargePoint Holdings, Inc. Director Susan Heystee was granted 254,785 Restricted Stock Units (RSUs) on July 8, 2025, as part of her compensation.

Summary

• Susan Heystee, a Director of ChargePoint Holdings, Inc. (CHPT), was granted 254,785 shares of Common Stock in the form of Restricted Stock Units (RSUs).
• The transaction date for this grant was July 8, 2025.
• The RSUs were granted at a price of $0 per unit, representing a contingent right to receive one share of Common Stock for each RSU.
• The RSUs are subject to a service-based vesting requirement, which will be satisfied in full 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, Susan Heystee directly beneficially owns 417,905 shares of Common Stock.
• Additionally, 12,500 shares are indirectly beneficially owned by Susan Heystee through the CHELST Irrevocable Trust.

Sentiment

Score: 6

Explanation: The document reports a routine compensation event (RSU grant) for a director, which is generally a neutral to slightly positive signal as it aligns management interests with shareholders. There are no negative financial implications or significant risks disclosed.

Positives

• The grant of Restricted Stock Units to a director aligns their interests with those of the shareholders, as the value of the compensation is tied to the company's stock performance.
• This is a standard form of executive and director compensation, indicating ongoing commitment and retention of key personnel.

Risks

• The vesting of the granted Restricted Stock Units 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 granted Restricted Stock Units are subject to future vesting, which will occur on the earlier of the one-year anniversary of the grant date or the date of the next annual meeting of stockholders, provided the director maintains continuous service.

Industry Context

The grant of Restricted Stock Units to a director is a common practice in the technology and electric vehicle charging infrastructure sectors, used to attract, retain, and incentivize key leadership by aligning their long-term financial interests with the company's performance and shareholder value creation.

Corporate Governance

Related Party Transactions

• 12,500 shares are indirectly beneficially owned by Susan Heystee through the CHELST Irrevocable Trust, indicating a related party holding.

Stakeholder Impact

• Shareholders: The RSU grant aligns the director's financial incentives with shareholder interests, potentially encouraging decisions that enhance long-term stock value.
• Employees: No direct impact on general employees is indicated by this specific filing.

Next Steps

• The Restricted Stock Units 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 continuous service.

Key Dates

Keywords

ChargePoint, CHPT, SEC Form 4, Restricted Stock Units, RSU, Director Compensation, Insider Transaction, Stock Grant, Beneficial Ownership, Corporate Governance