[Form 4] ChargePoint Holdings, Inc. Insider Trading Activity
Eric Batill, General Counsel of ChargePoint Holdings, Inc. (CHPT), reported a mandatory sale of 2,058 shares of common stock on 09/23/2025 at an average price of $11.2714 per share to satisfy tax withholding obligations tied to the vesting and settlement of restricted stock units. After the sale, the reporting person beneficially owned 84,281 shares. The Form 4 was filed by one reporting person and was signed by an attorney-in-fact on 09/24/2025. The filing states these were "sell to cover" transactions required by the issuer's equity plan and not discretionary trades.
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Insights
TL;DR Routine, mandatory sell-to-cover for tax withholding; not an active decision to reduce exposure.
The Form 4 documents a non-discretionary disposition tied to RSU settlement and tax withholding. Such transactions are common under equity compensation programs and typically carry neutral governance implications because they reflect plan mechanics rather than a change in insider conviction. The filing discloses the exact share count, sale price, and post-transaction ownership, which maintains transparency for shareholders.
TL;DR Transaction is routine and informational; it does not materially alter insider ownership stakes.
The reporting person sold 2,058 shares at $11.2714 to cover withholding, leaving 84,281 shares beneficially owned. Given the limited size of the sale relative to total ownership disclosed and the stated mandatory nature, this Form 4 is unlikely to be material to valuation models or trigger market-moving interpretations. Disclosure timing and clear explanation reduce informational asymmetry.