Blink Charging (NASDAQ: BLNK) CFO receives major RSU grants and tax withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Blink Charging Co. Chief Financial Officer Michael Bercovich reported a mix of equity grants and tax-withholding share dispositions. On June 30, 2026 he received multiple restricted stock unit (RSU) awards and common stock grants under the company’s 2018 Incentive Compensation Plan, following stockholder approval of an amendment to increase shares reserved under the plan.
The filing shows 302,817 shares of common stock granted at no cost and additional 64,904-share grants, along with RSU awards including 575,352 and 69,919 units, each convertible into common stock upon vesting. Vesting conditions include time-based schedules, stock-price hurdles between $2.25 and $9.00 per share, and resolution of material weaknesses in internal controls.
The Form 4 also reports 26,147 and 9,709 common shares withheld at prices of $0.6078 and $0.65 per share to cover tax obligations upon RSU vesting, which are not open-market sales. Following these transactions, Bercovich directly holds 588,529 common shares plus several RSU awards subject to future vesting conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Bercovich Michael
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 64,904 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 575,352 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 69,919 | $0.00 | -- |
| Grant/Award | Common Stock, par value $0.001 per share ("Common Stock") | 64,904 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,709 | $0.65 | $6K |
| Grant/Award | Common Stock | 302,817 | $0.00 | -- |
| Tax Withholding | Common Stock | 26,147 | $0.6078 | $16K |
Holdings After Transaction:
Restricted Stock Units — 64,904 shares (Direct, null);
Common Stock, par value $0.001 per share ("Common Stock") — 295,421 shares (Direct, null);
Common Stock — 285,712 shares (Direct, null)
Footnotes (1)
- The Reporting Person received restricted stock units granted under the Issuer's 2018 Incentive Compensation Plan (the "Plan"). Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units vest in three equal increments, one-third of which vested immediately and the remaining two-thirds to vest on the first and second anniversaries of April 14, 2026, the date the Issuer's Board of Directors approved the grant, which was subject to stockholder approval to increase the number of shares reserved for issuance under the Plan (the "Amendment") at the Issuer's 2026 Annual Meeting of Stockholders held on June 30, 2026 (the "Annual Meeting"). The Issuer's stockholders approved the Amendment on June 30, 2026. This transaction represents the withholding of shares of Common Stock to satisfy the tax withholding obligations following the vesting of restricted stock units. The Reporting Person received restricted stock units granted under the Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units vest in three annual increments on the first, second and third anniversaries of April 14, 2026, the date the Issuer's Board of Directors approved the grant, which was subject to stockholder approval of the Amendment at the Annual Meeting. The Issuer's stockholders approved the Amendment on June 30, 2026. This transaction represents the withholding of shares of Common Stock to satisfy the tax withholding obligations following the vesting of restricted stock units. The Reporting Person received restricted stock units granted under the Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units vest in 25% increments if the closing price of the Issuer's Common Stock meets or exceeds $3.00, $5.00, $7.50 and $9.00 per share, respectively, for 90 consecutive trading days, with 100% acceleration of vesting upon a change in control if the stock price hurdle is not met or exceeded by the value of the consideration paid to the Issuer's common stockholders in the change in control transaction. The grant of such restricted stock units was subject to stockholder approval of the Amendment at the Annual Meeting. The Issuer's stockholders approved the Amendment on June 30, 2026. The Reporting Person received restricted stock units granted under the Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units vest in full if the closing price of the Issuer's Common Stock meets or exceeds $2.25 per share for 60 trading days. The grant of such restricted stock units was subject to stockholder approval of the Amendment at the Annual Meeting. The Issuer's stockholders approved the Amendment on June 30, 2026. The Reporting Person received restricted stock units granted under the Plan. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock. The restricted stock units vest in full upon the resolution of material weaknesses in the Issuer's internal controls over financial reporting and the approval by the Issuer's Board of Directors. The grant of such restricted stock units was subject to stockholder approval of the Amendment at the Annual Meeting. The Issuer's stockholders approved the Amendment on June 30, 2026.
Key Figures
Common shares granted: 302,817 shares
Additional common stock grant: 64,904 shares
RSU block with price hurdles: 575,352 units
+5 more
8 metrics
Common shares granted
302,817 shares
Common Stock grant at $0.0000 per share on June 30, 2026
Additional common stock grant
64,904 shares
Common Stock grant at $0.0000 per share on June 30, 2026
RSU block with price hurdles
575,352 units
RSUs vest in 25% increments at $3.00, $5.00, $7.50, $9.00 share prices
RSU block with multi-year vesting
69,919 units
RSUs vest in three equal increments around anniversaries of April 14, 2026
Tax-withheld shares (first tranche)
26,147 shares at $0.6078
Common shares withheld to satisfy tax obligations after RSU vesting
Tax-withheld shares (second tranche)
9,709 shares at $0.65
Additional common shares withheld for RSU-related tax obligations
Common shares held after transactions
588,529 shares
Direct common stock ownership following June 30, 2026 transactions
RSUs tied to internal control remediation
64,904 units
RSUs vest in full upon resolution of material weaknesses in internal controls
Key Terms
Restricted Stock Units, 2018 Incentive Compensation Plan, tax withholding obligations, material weaknesses in the Issuer's internal controls over financial reporting, +2 more
6 terms
Restricted Stock Units financial
"The Reporting Person received restricted stock units granted under the Issuer's 2018 Incentive Compensation Plan (the "Plan")."
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.
2018 Incentive Compensation Plan financial
"The Reporting Person received restricted stock units granted under the Issuer's 2018 Incentive Compensation Plan (the "Plan")."
tax withholding obligations financial
"This transaction represents the withholding of shares of Common Stock to satisfy the tax withholding obligations following the vesting of restricted stock units."
material weaknesses in the Issuer's internal controls over financial reporting financial
"The restricted stock units vest in full upon the resolution of material weaknesses in the Issuer's internal controls over financial reporting..."
change in control financial
"with 100% acceleration of vesting upon a change in control if the stock price hurdle is not met or exceeded..."
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
stock price hurdle financial
"The restricted stock units vest in 25% increments if the closing price of the Issuer's Common Stock meets or exceeds $3.00, $5.00, $7.50 and $9.00 per share, respectively, for 90 consecutive trading days..."
FAQ
What did Blink Charging (BLNK) CFO Michael Bercovich report in this Form 4?
Michael Bercovich reported new equity awards and tax-related share withholdings. He received large common stock and restricted stock unit grants under Blink’s 2018 plan, and had shares withheld to satisfy tax obligations after vesting, without any open-market share purchases or sales.
What equity awards did Blink Charging grant its CFO on June 30, 2026?
The CFO received multiple common stock and RSU grants on June 30, 2026. Awards include 302,817 common shares at no cost, an additional 64,904-share grant, and RSU blocks of 575,352, 69,919, and 64,904 units, all granted under the 2018 Incentive Compensation Plan.
What are the vesting conditions for the new Blink Charging RSU grants?
The RSUs vest based on time, stock price hurdles, and control or control-related milestones. Some vest in annual or three-part increments from April 14, 2026, others vest if share prices sustain between $2.25 and $9.00, or upon resolving internal control material weaknesses.