ChargePoint CCXO sells shares to cover taxes
ChargePoint Holdings, Inc. CCXO Jagdeep Singh reported an open-market sale of 9,719 shares of common stock at a weighted average price of $7.1355 per share.
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Form Type
4
Rhea-AI Filing Summary
ChargePoint Holdings, Inc. CCXO Jagdeep Singh reported an open-market sale of 9,719 shares of common stock at a weighted average price of $7.1355 per share. According to the disclosure, these shares were sold solely to cover tax withholding obligations from restricted stock unit vesting, under a mandated “sell to cover” arrangement rather than a discretionary trade. Following the transaction, Singh directly holds 187,846 shares of ChargePoint common stock.
Insider Trade Summary
Net Seller: 9,719 shares
Net Sell
1 txn
Insider
Singh Jagdeep CA
Role
CCXO
Sold
9,719 shs ($69K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,719 | $7.1355 | $69K |
Holdings After Transaction:
Common Stock — 187,846 shares (Direct)
Footnotes (2)
- F1. The sales reported on this Form 4 represent shares required to be sold by the Reporting Person to cover tax withholding obligations in connection with the vesting and settlement of restricted stock units. These sales are mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax withholding obligations to be funded by a "sell to cover" transaction and do not represent discretionary trades by the Reporting Person.
- F2. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $6.8401 to $7.1612. The Reporting Person has provided to the Issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
Key Figures
Shares sold: 9,719 shares
Weighted average sale price: $7.1355 per share
Post-transaction holdings: 187,846 shares
+2 more
5 metrics
Shares sold
9,719 shares
Open-market sale to cover tax withholding
Weighted average sale price
$7.1355 per share
Common stock sale on reported transaction date
Post-transaction holdings
187,846 shares
Common stock held directly after sale
Sale price range
$6.8401–$7.1612 per share
Multiple transactions making up reported weighted average
Net shares sold
9,719 shares
Net sell direction in transaction summary
Key Terms
restricted stock units, sell to cover, equity incentive plans, weighted average sales price
4 terms
restricted stock units financial
"tax withholding obligations 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
"funded by a "sell to cover" transaction and do not represent discretionary trades"
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.
equity incentive plans financial
"mandated by the Issuer's election under its equity incentive plans to require the satisfaction of tax"
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.
weighted average sales price financial
"Represents a weighted average sales price per share. These shares were sold in multiple transactions"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ChargePoint (CHPT) CCXO Jagdeep Singh report in this Form 4?
ChargePoint CCXO Jagdeep Singh reported selling 9,719 shares of common stock. The filing explains the sale was made to cover tax withholding obligations tied to restricted stock unit vesting, under the company’s required “sell to cover” equity incentive plan election.
What does “sell to cover” mean in the ChargePoint (CHPT) Form 4 filing?
“Sell to cover” refers to automatically selling shares received from equity awards to pay required taxes. ChargePoint’s plans require this method, so Jagdeep Singh’s sales covered withholding from RSU vesting rather than reflecting a discretionary decision to reduce his investment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
