ChargePoint counsel sells shares to cover taxes
ChargePoint Holdings, Inc. General Counsel Eric Batill reported an open-market sale of 2,695 shares of common stock at $5.30 per share.
Rhea-AI Filing Summary
ChargePoint Holdings, Inc. General Counsel Eric Batill reported an open-market sale of 2,695 shares of common stock at $5.30 per share. According to the filing, these shares were sold solely to cover tax withholding obligations related to vested restricted stock units and were not discretionary trades. Following the transaction, Batill directly holds 78,610 shares of ChargePoint common stock.
Positive
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Negative
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Insider Trade Summary
Net Seller: 2,695 shares
Net Sell
1 txn
Insider
Batill Eric
Role
General Counsel
Sold
2,695 shs ($14K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,695 | $5.30 | $14K |
Holdings After Transaction:
Common Stock — 78,610 shares (Direct)
Footnotes (1)
- 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ChargePoint (CHPT) report for Eric Batill?
ChargePoint General Counsel Eric Batill reported selling 2,695 shares of common stock at $5.30 per share. The transaction was disclosed in a Form 4 and is characterized as an open-market or private sale of non-derivative common stock.
Was the ChargePoint (CHPT) insider sale part of a trading plan?
The filing explains the sale was driven by ChargePoint’s equity plan rules requiring tax withholding to be funded through a “sell to cover” transaction. It emphasizes the sale does not represent a discretionary trading decision by Eric Batill in the open market.
Does the ChargePoint (CHPT) Form 4 indicate any option exercises?
No option exercises are reported in this Form 4. The transaction summary shows no derivative exercises or remaining derivative positions, and the filing only lists a single non-derivative sale related to tax withholding from restricted stock unit vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.