ChargePoint (CHPT) General Counsel receives 70,000-share RSU equity award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Batill Eric reported acquisition or exercise transactions in this Form 4 filing.
ChargePoint Holdings, Inc. reported that its General Counsel, Eric Batill, received a grant of 70,000 shares of Common Stock in the form of restricted stock units (RSUs) at no purchase price. Following this award, he holds 148,610 shares of Common Stock directly.
The RSUs are subject to a service-based vesting schedule over three years starting on June 1, 2026. One-twelfth of the RSUs will vest on June 20, 2026, and the remaining units will vest in equal quarterly installments on March 20, June 20, September 20, and December 20, as long as he remains in continuous service on each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Batill Eric
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 70,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 148,610 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 70,000 shares
Post-transaction holdings: 148,610 shares
Grant price per share: $0.0000 per share
+2 more
5 metrics
RSU grant size
70,000 shares
Restricted stock units granted to General Counsel
Post-transaction holdings
148,610 shares
Common Stock held directly after grant
Grant price per share
$0.0000 per share
Reported acquisition price for RSU-related Common Stock
Vesting period
3 years
Service-based vesting requirement starting June 1, 2026
Initial vesting date
June 20, 2026
1/12 of RSUs vest
Key Terms
restricted stock units ("RSUs"), service-based vesting requirement, continuous service
3 terms
restricted stock units ("RSUs") financial
"The Reporting Person was granted restricted stock units ("RSUs"), which represent a contingent right to receive one share of Common Stock"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
service-based vesting requirement financial
"The RSUs are subject to a service-based vesting requirement, which shall be satisfied over a 3-year period"
continuous service financial
"provided that the Reporting Person remains in continuous service on each such vesting date"
FAQ
What insider transaction did ChargePoint (CHPT) report for Eric Batill?
ChargePoint reported that General Counsel Eric Batill received a grant of 70,000 restricted stock units. These RSUs convert into Common Stock over time under a service-based vesting schedule, increasing his direct equity stake in the company.
How do Eric Batill’s ChargePoint (CHPT) RSUs vest over time?
The RSUs vest over a three-year period starting June 1, 2026. One-twelfth vests on June 20, 2026, and the remaining units vest in equal quarterly installments thereafter on March 20, June 20, September 20, and December 20.
What conditions apply to Eric Batill’s RSU grant at ChargePoint (CHPT)?
The RSUs are subject to a service-based vesting requirement. Eric Batill must remain in continuous service with ChargePoint on each vesting date for the corresponding portion of the restricted stock units to convert into shares of Common Stock.
Is Eric Batill’s ChargePoint (CHPT) RSU grant an open-market purchase?
No, the RSU grant is not an open-market purchase. It is a compensation-related award reported with transaction code “A,” meaning a grant, award, or other acquisition provided by the company rather than shares bought in the market.