ChargePoint counsel sells 4,302 shares for taxes
ChargePoint’s General Counsel completed a mandatory sell-to-cover transaction tied to RSU vesting, modestly reducing his directly held CHPT shares.
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Form Type
4
Rhea-AI Filing Summary
ChargePoint Holdings, Inc. (CHPT) reported that its General Counsel, Eric Batill, sold 4,302 shares of common stock on September 22, 2026 at a weighted average price of $9.86 per share. According to the company’s equity plans, these were mandatory "sell to cover" sales for tax withholding after RSU vesting, leaving him with 139,329 shares held directly.
Insider Trade Summary
Net Seller: 4,302 shares
Net Sell
1 txn
Insider
Batill Eric
Role
General Counsel
Sold
4,302 shs ($42K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 4,302 | $9.86 | $42K |
Holdings After Transaction:
Common Stock — 139,329 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 at $9.86. 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: 4,302 shares
Sale price: $9.86 per share
Shares held after transaction: 139,329 shares
+1 more
4 metrics
Shares sold
4,302 shares
Common stock sold on September 22, 2026 to cover tax withholding
Sale price
$9.86 per share
Weighted average sales price for 4,302 shares sold
Shares held after transaction
139,329 shares
Direct ownership by Eric Batill following the September 22, 2026 sale
Net buy/sell shares
4,302 shares net sold
Net share change across all reported transactions in this Form 4
Key Terms
sell to cover, restricted stock units, equity incentive plans, weighted average sales price
4 terms
sell to cover financial
"tax withholding obligations to be funded by a "sell to cover" transaction"
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.
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.
equity incentive plans financial
"mandated by the Issuer's election under its equity incentive plans"
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."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ChargePoint (CHPT) report for General Counsel Eric Batill?
Eric Batill reported a sale of 4,302 shares of ChargePoint common stock on September 22, 2026, at a weighted average price of $9.86 per share, in a transaction categorized as a sale of non-derivative common stock.
Was the CHPT insider sale by Eric Batill a discretionary trade?
No. The filing states the sales were required to cover tax withholding obligations from the vesting and settlement of restricted stock units, under ChargePoint’s equity incentive plan “sell to cover” election, and do not represent discretionary trades by Eric Batill.
Was the CHPT insider sale by Eric Batill under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not affirmed for this filing, and the footnote instead explains that the sale was mandated by the issuer’s equity incentive plan as a tax withholding “sell to cover” transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
