Tax-driven share sale by ChargePoint (NYSE: CHPT) general counsel
Filing Impact
Filing Sentiment
Form Type
4
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
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,695 shares ($14,284)
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)
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FAQ
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.