[Form 4] ChargePoint Holdings, Inc. Insider Trading Activity
ChargePoint Holdings insider John David Vice, the company's Chief Risk Officer, reported a transaction on 09/23/2025 selling 2,363 shares of common stock at $11.2714 per share. The Form 4 explains these shares were sold to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units under the company’s equity plans, described as a mandatory ‘‘sell to cover’’ rather than a discretionary trade. After the sale (and adjusted for a 1-for-20 reverse stock split effective 07/28/2025), the reporting person beneficially owns 123,615 shares. The filing was signed by an attorney-in-fact on 09/24/2025.
- Transaction disclosed as mandatory sell-to-cover for tax withholding, reducing interpretive ambiguity about insider intent
- Filing includes reverse split adjustment, clarifying post-split share counts and improving transparency
- Beneficial ownership decreased by 2,363 shares to 123,615 shares after the sale (post-reverse-split adjustement)
Insights
TL;DR Routine sell-to-cover tax withholding; small reduction in insider holdings, not a discretionary sale signal.
The reported sale of 2,363 shares at $11.2714 is explicitly described as a mandatory sell-to-cover tied to RSU vesting, which reduces the informational weight of the transaction. The post-transaction beneficial ownership of 123,615 shares (already adjusted for the 1-for-20 reverse split) provides context on remaining insider stake. For investors, this filing is informational and does not by itself indicate change in insider sentiment or company fundamentals.
TL;DR Disclosure aligns with standard equity plan practices; documentation is clear about non-discretionary nature.
The Form 4 properly discloses relationship (Officer, CRO), transaction date, price and the mandatory nature of the sale to cover tax obligations. The filing also notes the reverse stock split adjustment, which is important for interpreting share counts. From a governance perspective, the form meets Section 16 reporting requirements and clarifies that the trade was not an independent decision by the reporting person.