ChargePoint CCXO sells 5,965 shares for taxes
ChargePoint’s CCXO reported a mandatory tax-withholding sale of 5,965 shares and now holds 182,381 shares directly.
Rhea-AI Filing Summary
ChargePoint Holdings, Inc. (CHPT) reported that officer Jagdeep CA Singh, the company’s CCXO, sold 5,965 shares of common stock on September 22, 2026 at a price of $9.86 per share. According to the disclosure, this was a mandatory “sell to cover” transaction to satisfy tax withholding obligations arising from the vesting and settlement of restricted stock units, and did not represent a discretionary trade. After this sale, Singh directly held 182,381 shares of ChargePoint common stock, which includes 500 shares acquired on September 9, 2026 under the company’s Employee Stock Purchase Plan in a transaction exempt under Rule 16b-3(d) and Rule 16b-3(c).
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 5,965 shares
Net Sell
1 txn
Insider
Singh Jagdeep CA
Role
CCXO
Sold
5,965 shs ($59K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2, F3 | 5,965 | $9.86 | $59K |
Holdings After Transaction:
Common Stock — 182,381 shares (Direct)
Footnotes (3)
- 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.
- F2. Represents a weighted average sales price per share. These shares were sold at the price of $9.86. 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.
- F3. Includes 500 shares acquired under the issuer's Employee Stock Purchase Plan on September 9, 2026, in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
Key Figures
Shares sold: 5,965 shares
Sale price per share: $9.86 per share
Shares held after transaction: 182,381 shares
+2 more
5 metrics
Shares sold
5,965 shares
Common stock sale on September 22, 2026 to cover tax withholding
Sale price per share
$9.86 per share
Weighted average sales price for the September 22, 2026 transaction
Shares held after transaction
182,381 shares
Direct holdings of Jagdeep CA Singh after the reported sale
ESPP shares included
500 shares
Shares acquired under the Employee Stock Purchase Plan on September 9, 2026
Net insider share change
-5,965 shares
Net sell direction across reported transactions in this Form 4
Key Terms
restricted stock units, sell to cover, Employee Stock Purchase Plan, Rule 16b-3(d), +1 more
5 terms
restricted stock units financial
"tax withholding obligations 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.
Employee Stock Purchase Plan financial
"Includes 500 shares acquired under the issuer's Employee Stock Purchase Plan on September 9, 2026"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
Rule 16b-3(d) regulatory
"in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
Rule 16b-3(d) is a narrow SEC safe-harbor that shields company insiders (officers, directors and large shareholders) from liability for short‑swing profits when their buys or sells of company stock are made under a pre-established, written plan or contract that removes the insider’s ability to time trades. For investors, this matters because it permits predictable, automated insider transactions — like scheduled sales for diversification or payroll withholding — without triggering forced disgorgement, so such planned trades are treated differently from opportunistic insider trading.
Rule 16b-3(c) regulatory
"in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c)"
An SEC rule that lets corporate insiders avoid automatic "short‑swing" profit recovery when they buy or sell their company’s stock under a pre‑approved, written plan that meets specific conditions. For investors, it matters because it clarifies when insider trades are treated as routine, reducing legal uncertainty and helping distinguish trades made for ordinary compensation or pre‑planned reasons from those that might signal opportunistic or timely insider advantage.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CHPT report for Jagdeep CA Singh?
ChargePoint reported that CCXO Jagdeep CA Singh sold 5,965 shares of common stock on September 22, 2026 at $9.86 per share in a sale to cover tax withholding obligations tied to vested restricted stock units.
Was the CHPT insider sale by Jagdeep CA Singh a discretionary trade?
No. The company states the sales were required to cover tax withholding obligations from vesting restricted stock units and were mandated by an issuer election for a “sell to cover” arrangement, so they do not represent discretionary trades by Singh.
What price did the CHPT insider sale occur at on September 22, 2026?
The reported sale by Jagdeep CA Singh on September 22, 2026 occurred at a weighted average price of $9.86 per share. The company notes that detailed trade prices within the range are available upon request.
Was the CHPT insider transaction made under a Rule 10b5-1 trading plan?
The document-level checkbox for Rule 10b5-1 is not checked, and the footnotes describe the transaction as a mandatory sell to cover for tax withholding, without stating that it was executed under a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
