ChargePoint officer may sell 4,302 shares for taxes
ChargePoint officer Eric Batill filed a Rule 144 for limited, mandated sell-to-cover share sales linked to RSU vesting.
Rhea-AI Filing Summary
ChargePoint Holdings, Inc. (CHPT) had an officer, Eric Batill, file a Rule 144 notice covering potential sales of common stock primarily tied to equity compensation. The filing indicates up to 4,302 shares may be sold, with an aggregate market value of $42,417.72, and notes recent RSU-related tax withholding transactions involving 10,782 shares through mandated "sell to cover" sales that are not discretionary trades.
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Key Figures
Shares to be sold under Rule 144: 4,302 shares
Aggregate market value of shares to be sold: $42,417.72
Shares outstanding: 26,850,324 shares
+2 more
5 metrics
Shares to be sold under Rule 144
4,302 shares
Potential sales of ChargePoint common stock indicated in the notice
Aggregate market value of shares to be sold
$42,417.72
Value tied to the 4,302 shares covered by the Form 144
Shares outstanding
26,850,324 shares
ChargePoint common stock outstanding referenced in the filing
RSU-related shares
10,782 shares
Shares related to settlement of vested RSUs on September 20, 2026
Approximate date of sale
September 22, 2026
Planned timing for potential Rule 144 sales
Key Terms
Rule 144, restricted stock units, sell to cover, S-8 Registered Plan, +1 more
5 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock units financial
"in connection with the vesting and settlement of restricted stock units."
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.
sell to cover financial
"to be funded by a "sell to cover" transaction and do not represent"
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
S-8 Registered Plan regulatory
"Settlement of vested RSUs issued under an S-8 Registered Plan"
equity incentive plans financial
"the Issuer's election under its equity incentive plans to require"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 144 filing for CHPT by Eric Batill disclose?
It discloses that officer Eric Batill filed a Rule 144 notice for potential sales of ChargePoint (CHPT) common stock, including up to 4,302 shares, largely in connection with equity compensation and related tax withholding obligations.
AI-generated analysis. How Rhea-AI works. Not financial advice.