Form 4: Linse Capital Distributes and Sells ChargePoint Holdings Shares

Michael Linse and related entities distributed shares of ChargePoint Holdings and subsequently sold a portion of them at an average price of approximately $1.95.

Summary

• On March 7, 2024, Linse Capital CP, LLC, Linse Capital CP II, LLC, Linse Capital CP III, LLC, Linse Capital CP IV, LLC, Linse Capital CP V, LLC, and Linse Capital CP VI, LLC distributed shares of ChargePoint Holdings, Inc. common stock to their respective members and managers.
• Following these distributions, certain entities, including Linse Capital LLC and Levitate Capital, LP, became record owners of ChargePoint shares.
• Between March 7 and March 8, 2024, these entities sold a portion of the distributed shares at a weighted average price of approximately $1.95 per share.
• The sales were executed in multiple transactions with prices ranging from $1.5317 to $2.043 per share.
• Michael Linse, as managing director of Linse Capital LLC, has voting and investment power over the shares held by these entities.
• The reporting persons disclaim beneficial ownership of the securities except to the extent of any pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting transactions by insiders. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about share distributions and sales.

Industry Context

This filing reflects insider transactions related to a publicly traded company in the electric vehicle charging infrastructure sector. Such transactions are routinely monitored by investors for insights into the perspectives of major shareholders and company directors.

Stakeholder Impact

• The distribution and sale of shares by Linse Capital and related entities could potentially influence the market price of ChargePoint Holdings stock.
• Shareholders may interpret these transactions as a signal regarding the perceived value or future prospects of the company.

Key Dates