[144] ChargePoint Holdings, Inc. SEC Filing
ChargePoint Holdings, Inc. (CHPT) filing a Form 144 notifies the intended sale of 2,363 shares of common stock on the NYSE with an aggregate market value of $26,634.42. The shares to be sold represent approximately 0.0101% of the 23,353,260 shares outstanding, indicating a very small proposed sale relative to the company's total shares. The securities were acquired on 09/20/2025 as the settlement of vested restricted stock units issued under an S-8 registered plan; the filer acquired 9,688 shares in that settlement and intends to sell part of them on or about 09/23/2025. The filing states there were no securities sold in the past three months by the person for whose account the sale is proposed.
- Full disclosure of the proposed sale under Rule 144, including acquisition date and nature (settlement of vested RSUs).
- Planned sale size is immaterial relative to total shares outstanding (~0.0101%), indicating negligible market impact.
- No sales in the past three months by the reporting person, reducing concerns about repeated insider liquidation.
- None.
Insights
TL;DR: Insignificant insider sale size; routine post-RSU disposition with negligible market impact.
The proposed sale of 2,363 shares for $26,634.42 is routine and small relative to the 23.35 million shares outstanding, suggesting no material dilution or immediate market pressure. The shares were newly acquired via settlement of vested RSUs under an S-8 plan, and the filing discloses no sales in the prior three months. This pattern is consistent with insiders monetizing a portion of equity compensation and complies with Rule 144 disclosure requirements; it does not by itself change core financial fundamentals.
TL;DR: Compliance with disclosure rules is evident; sale appears administrative following equity vesting.
The Form 144 lists acquisition by issuer-issued RSU settlement and an immediate planned sale date, which is common when executives or employees convert compensation to liquidity. The filer affirms absence of undisclosed material information. No prior three-month sales are reported, and the transaction size is immaterial versus total outstanding shares. From a governance perspective, documentation and timing appear standard and appropriately disclosed.