ChargePoint Announces Inducement Grants Under NYSE Listed Company Manual Section 303A.08

Key Terms

restricted stock units financial

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

vesting commencement date financial

The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.

employment inducement awards financial

Employment inducement awards are stock-based incentives—such as options or restricted shares—given to new hires to persuade them to join a company and stay for a period of time. They matter to investors because they can dilute existing ownership, create a future expense on the company’s books, and align the new employee’s interests with shareholders much like a signing bonus that turns into company stock over time.

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CAMPBELL, Calif.--(BUSINESS WIRE)-- ChargePoint (NYSE: CHPT), a global leader in electric vehicle (EV) charging solutions, today announced that it granted inducement awards consisting of restricted stock units covering an aggregate of 196,439 shares of its common stock to two new non-executive employees on June 1, 2026.

The awards were granted as material inducements to employment in accordance with NYSE Listed Company Manual Section 303A.08. The restricted stock units vest over four years, with 25% of the award vesting on the first anniversary of the applicable vesting commencement date and the remaining 75% vesting in equal quarterly installments thereafter, subject to the employee’s continued service through each applicable vesting date.

The employment inducement awards were granted under the ChargePoint Holdings, Inc. 2026 Inducement Plan and related form of restricted stock unit agreement in reliance on the employment inducement exception to stockholder approval provided under Section 303A.08 of the NYSE Listed Company Manual.

ChargePoint and the ChargePoint logo are trademarks of ChargePoint, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.

About ChargePoint Holdings, Inc.

ChargePoint has established itself as the leader in electric vehicle (EV) charging innovation since its inception in 2007, long before EVs became widely available. The company provides comprehensive solutions tailored to the entire EV ecosystem, from the grid to the dashboard of the vehicle. The company serves EV drivers, charging station owners, vehicle manufacturers, and similar types of stakeholders. With a commitment to accessibility and reliability, ChargePoint’s extensive portfolio of software, hardware, and services ensures a seamless charging experience for drivers across North America and Europe. ChargePoint empowers every driver in need of charging access, connecting them to over 1.37 million public and private charging ports worldwide. ChargePoint has facilitated the powering of more than 21 billion electric miles, underscoring its dedication to reducing greenhouse gas emissions and electrifying the future of transportation. For further information, please visit the ChargePoint pressroom or the ChargePoint Investor Relations site. For media inquiries, contact the ChargePoint press office.

CHPT-IR

View source version on businesswire.com: https://www.businesswire.com/news/home/20260601586931/en/

ChargePoint
John Paolo Canton
Vice President, Global Communications
JP.Canton@chargepoint.com

AJ Gosselin
Director, Corporate Communications
AJ.Gosselin@chargepoint.com
media@chargepoint.com

Patrick Lengenfelder
European Communications Manager
Patrick.lengenfelder@chargepoint.com

Source: ChargePoint Holdings, Inc.