ChargePoint Holdings (NYSE: CHPT) awards new RSUs to board director
Rhea-AI Filing Summary
ChargePoint Holdings director Jeffrey Harris received three stock-based awards on July 21, 2026. He was granted 18,370 restricted stock units (RSUs) that vest in full on the earlier of one year from grant or the next annual stockholders meeting, plus additional RSU grants of 6,680 and 3,340 shares vesting in four equal quarterly installments. Each RSU converts into one share of common stock upon vesting. Reported share amounts reflect a prior 1-for-20 reverse stock split effective July 28, 2025.
Positive
- None.
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Insider Trade Summary
Net Buyer: 28,390 shares
Net Buy
3 txns
Insider
HARRIS JEFFREY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 18,370 | $0.00 | $0.00 |
| Grant/Award | Common Stock F3 | 6,680 | $0.00 | $0.00 |
| Grant/Award | Common Stock F3 | 3,340 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 49,765 shares (Direct)
Footnotes (3)
- F1. The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall be satisfied in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders, subject to the Reporting Person's continuous service with the Issuer through such date.
- F2. Effective July 28, 2025, the Issuer effected a 1-for-20 reverse stock split of its common stock (the "Reverse Stock Split"). The amount of the securities reported on this Form 4 has been adjusted to reflect the Reverse Stock Split.
- F3. The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement which shall vest in four equal quarterly installments with the final installment vesting on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders, subject to the Reporting Person's continuous service with the Issuer through such date.
Key Figures
RSUs granted (single-vesting award): 18,370 shares
RSUs granted (quarterly-vesting award): 6,680 shares
Additional quarterly-vesting RSUs: 3,340 shares
+1 more
4 metrics
RSUs granted (single-vesting award)
18,370 shares
Restricted stock units granted to director on July 21, 2026, vesting in full after service condition
RSUs granted (quarterly-vesting award)
6,680 shares
RSUs vest in four equal quarterly installments, subject to continued service
Additional quarterly-vesting RSUs
3,340 shares
Second block of quarterly-vesting RSUs with same service-based schedule
Reverse stock split ratio
1-for-20
Effective July 28, 2025; reported Form 4 share amounts adjusted to reflect split
Key Terms
Restricted Stock Units ("RSUs"), service-based vesting requirement, reverse stock split, annual meeting of stockholders
4 terms
Restricted Stock Units ("RSUs") financial
"was granted Restricted Stock Units ("RSUs") which represent a contingent right"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
service-based vesting requirement financial
"The RSUs are subject to a service-based vesting requirement"
reverse stock split financial
"effected a 1-for-20 reverse stock split of its common stock"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
annual meeting of stockholders regulatory
"earlier of the one-year anniversary or the date of the next annual meeting of stockholders"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stock awards did CHPT director Jeffrey Harris receive on July 21, 2026?
Jeffrey Harris received three restricted stock unit (RSU) grants: 18,370, 6,680 and 3,340 units of ChargePoint common stock. Each RSU represents a contingent right to receive one share, subject to service-based vesting conditions over approximately one year.
How do the new RSU grants to CHPT director Jeffrey Harris vest?
One 18,370 RSU grant vests entirely on the earlier of one year from grant or the next annual stockholders meeting. The 6,680 and 3,340 RSU grants vest in four equal quarterly installments, ending on that same earlier-of date, assuming continuous service.
What are RSUs in the context of CHPT director compensation?
Restricted stock units (RSUs) are awards that give a contingent right to receive one ChargePoint share per unit once vesting conditions are met. For Jeffrey Harris, vesting is based on continued service and specified time schedules tied to annual and quarterly dates.
How does the 1-for-20 reverse stock split affect Jeffrey Harris’s CHPT RSUs?
A prior 1-for-20 reverse stock split, effective July 28, 2025, changed ChargePoint’s share count structure. The RSU amounts reported for Jeffrey Harris on this Form 4 are already adjusted to reflect that split, so no further split-related adjustment is needed for these awards.
Were Jeffrey Harris’s CHPT RSU grants reported under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is explicitly unchecked, indicating these reported RSU grants are not designated as transactions made under a Rule 10b5-1 trading plan. They represent equity compensation awards rather than trades executed under a preset selling or buying program.