Form 4: Evgo Inc. Director Katherine Motlagh Reports Stock Transactions
SEC Form 4 Filing
Director Katherine Motlagh reports vesting of restricted stock units and acquisition of Class A Common Stock.
Summary
- On April 1, 2025, Katherine Motlagh, a director of Evgo Inc., reported transactions involving restricted stock units (RSUs) and Class A Common Stock.
- Motlagh vested 1,393 RSUs, converting them into 1,393 shares of Class A Common Stock.
- Additionally, 53,333 RSUs vested, resulting in the acquisition of 53,333 shares of Class A Common Stock.
- Following these transactions, Motlagh directly owns 100,452 shares of Class A Common Stock.
- The RSUs were awarded under Evgo's 2021 Long Term Incentive Plan.
- One set of RSUs vests in three equal installments annually from April 1, 2022, while another set vests fully on April 1, 2025, contingent upon continued service as a director.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The vesting of RSUs and acquisition of shares may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Initial grant date for some of the RSUs, vesting in three equal installments annually. |
| 05/20/2024 | Date of RSU award to the Reporting Person under the Plan. |
| 04/01/2024 | Vesting date for some of the RSUs. |
| 04/01/2025 | Date of the reported transactions: vesting of RSUs and acquisition of Class A Common Stock. |
| 04/03/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, EVGO, Katherine Motlagh, Director, Restricted Stock Units, Class A Common Stock, Vesting, Securities Exchange Act, Beneficial Ownership
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