Form 4: ChargePoint Holdings Interim CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Mansi Khetani, Interim CFO of ChargePoint Holdings, sold 19,035 shares of common stock on March 21, 2024, to cover tax withholding obligations related to the vesting and settlement of restricted stock units.
Summary
- On March 21, 2024, Mansi Khetani, the Interim CFO of ChargePoint Holdings, sold 19,035 shares of common stock.
- The sale was executed at a price of $1.87 per share.
- The transaction was conducted to cover tax withholding obligations associated with the vesting and settlement of restricted stock units.
- Following the transaction, Khetani directly owns 421,500 shares of ChargePoint Holdings.
- The sale was mandated by ChargePoint's equity incentive plans, requiring tax obligations to be funded through a 'sell to cover' transaction.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (sell to cover taxes) and doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Executive share sales to cover tax obligations are a common practice and don't necessarily reflect a negative outlook on the company's future.
Key Dates
| Date | Description |
|---|---|
| 03/21/2024 | Date of the transaction: Mansi Khetani sold 19,035 shares of ChargePoint Holdings common stock. |
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