ChargePoint (CHPT) CAO Novruzova sells 2,242 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ChargePoint Holdings, Inc. CAO Natella Fakhradovna Novruzova reported an open-market sale of 2,242 shares of common stock at a weighted average price of $7.1349 per share. According to the footnotes, these shares were sold solely to cover tax withholding obligations from vesting restricted stock units and were not discretionary trades. After the transaction, she directly holds 29,315 shares of ChargePoint common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,242 shares ($15,996)
Net Sell
1 txn
Insider
Novruzova Natella Fakhradovna
Role
CAO
Sold
2,242 shs ($16K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,242 | $7.1349 | $16K |
Holdings After Transaction:
Common Stock — 29,315 shares (Direct, null)
Footnotes (1)
- 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. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $6.85 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: 2,242 shares
Weighted average sale price: $7.1349 per share
Post-transaction holdings: 29,315 shares
+1 more
4 metrics
Shares sold
2,242 shares
Open-market sale to cover tax withholding
Weighted average sale price
$7.1349 per share
Common stock sale on 2026-06-23
Post-transaction holdings
29,315 shares
Common stock directly held after sale
Sale price range
$6.85–$7.1612 per share
Multiple transactions within disclosed range
Key Terms
restricted stock units, sell to cover, equity incentive plans, weighted average sales price
4 terms
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
"require the satisfaction of 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.
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
What did ChargePoint (CHPT) CAO Natella Novruzova report in this Form 4?
Natella Novruzova reported selling 2,242 ChargePoint common shares at a weighted average of $7.1349 each. The filing states the sale was to cover tax withholding from vesting restricted stock units, and she now directly holds 29,315 shares.
Was the CHPT insider sale by Natella Novruzova a discretionary trade?
No. The Form 4 footnote explains the sales were mandated under ChargePoint’s equity incentive plans. Shares were sold in a “sell to cover” transaction solely to satisfy tax withholding on vesting restricted stock units, rather than a voluntary market-timing decision.
What role does Natella Novruzova hold at ChargePoint (CHPT)?
Natella Fakhradovna Novruzova is identified in the Form 4 as an officer of ChargePoint, serving as Chief Accounting Officer. The reported transaction involves her holdings of ChargePoint common stock under the company’s equity incentive and tax withholding structure.