ChargePoint CFO sells 4,931 shares for taxes
ChargePoint’s CFO executed a mandatory sell-to-cover transaction tied to RSU vesting, retaining over 170,000 shares afterward.
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Form Type
4
Rhea-AI Filing Summary
ChargePoint Holdings, Inc. (CHPT) reported that its Chief Financial Officer, Mansi Khetani, sold 4,931 shares of common stock on September 22, 2026 at a weighted average price of $9.86 per share. According to the company’s equity incentive plan, these were mandatory “sell to cover” sales to satisfy tax withholding from vesting restricted stock units and were not discretionary trades. After the transaction, Khetani held 174,417 shares of ChargePoint common stock directly.
Insider Trade Summary
Net Seller: 4,931 shares
Net Sell
1 txn
Insider
Khetani Mansi
Role
CFO
Sold
4,931 shs ($49K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F2 | 4,931 | $9.86 | $49K |
Holdings After Transaction:
Common Stock — 174,417 shares (Direct)
Footnotes (2)
- 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 $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.
Key Figures
Shares sold: 4,931 shares
Weighted average sale price: $9.86 per share
Shares held after transaction: 174,417 shares
+2 more
5 metrics
Shares sold
4,931 shares
Common stock sold by CFO on September 22, 2026
Weighted average sale price
$9.86 per share
Price for the 4,931 shares sold to cover tax withholding
Shares held after transaction
174,417 shares
Direct ownership of ChargePoint common stock by CFO after sale
Number of sell transactions
1 transaction
Single Form 4-reported sale of common stock
Net buy/sell shares
4,931 shares net sold
Net shares sold across all reported transactions in this Form 4
Key Terms
sell to cover, restricted stock units, equity incentive plans, weighted average sales price per share
4 terms
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.
restricted stock units financial
"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.
equity incentive plans financial
"mandated by the Issuer's election under its equity incentive plans"
Equity incentive plans are company programs that pay employees, executives, or directors with company stock, stock options, or share units instead of or in addition to cash, aiming to align their interests with shareholders—like giving team members a stake in the house they help build. For investors this matters because such plans can motivate better company performance but also dilute existing ownership and increase reported compensation costs, so they affect future earnings, voting power, and share value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ChargePoint (CHPT) disclose in this Form 4?
ChargePoint disclosed that CFO Mansi Khetani sold 4,931 shares of common stock on September 22, 2026 at a weighted average price of $9.86 per share in a mandatory sell-to-cover transaction related to RSU vesting.
Was the ChargePoint (CHPT) CFO’s sale under a Rule 10b5-1 trading plan?
The Form 4 does not report the trades as made under a Rule 10b5-1 plan. Instead, the footnote explains they were mandated sell-to-cover transactions required by ChargePoint’s equity incentive plans to satisfy tax withholding.
Do these ChargePoint (CHPT) insider sales represent discretionary selling by the CFO?
No. The filing states the sales “do not represent discretionary trades” by CFO Mansi Khetani. They were required by ChargePoint’s equity incentive plans to fund tax withholding obligations through a sell-to-cover mechanism when RSUs vested.
AI-generated analysis. How Rhea-AI works. Not financial advice.
