Form 4: Jeffrey Harris Reports Changes in Beneficial Ownership of ChargePoint Holdings, Inc.

Jeffrey Harris, a director at ChargePoint Holdings, reported the acquisition of 115,552 shares of common stock and the disposal of 172,732 shares.

Summary

• On July 9, 2024, Jeffrey Harris, a director of ChargePoint Holdings, Inc., reported changes in his beneficial ownership of the company's common stock.
• Harris acquired 115,552 shares of common stock through the grant of Restricted Stock Units (RSUs).
• These RSUs represent a contingent right to receive one share of common stock for each RSU, vesting fully on the earlier of July 9, 2025, or the date of the next annual meeting of stockholders, contingent upon continuous service.
• Harris also disposed of 172,732 shares.
• Following these transactions, Harris beneficially owns 172,732 shares.
• Mr. Harris holds these securities for the benefit of Q-GRG VII (CP) Investment Partners, LLC ('Q-GRG').
• Mr. Harris disclaims beneficial ownership of the reported securities.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership. It doesn't inherently convey positive or negative sentiment, but the disposal of shares could be viewed with slight caution.

Positives

• The grant of RSUs to a director aligns their interests with the long-term performance of the company.

Negatives

• The disposal of 172,732 shares could be interpreted negatively by investors.

Risks

• The vesting of RSUs is contingent upon continuous service, creating a potential risk if the director leaves the company before the vesting date.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is common in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of key individuals within the company.

Stakeholder Impact

• Shareholders may be interested in the transactions of company insiders as an indicator of management's confidence in the company's future prospects.

Key Dates