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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,695 | $5.30 | $14K |
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?
Was the ChargePoint (CHPT) insider sale part of a trading plan?
Does the ChargePoint (CHPT) Form 4 indicate any option exercises?
AI-generated analysis. How Rhea-AI works. Not financial advice.