ChargePoint (NYSE: CHPT) counsel sells 4,979 shares to cover RSU tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ChargePoint Holdings, Inc. General Counsel Eric Batill reported an open-market sale of 4,979 shares of common stock at a weighted average price of $7.1346 per share. According to the filing, these shares were sold to cover tax withholding obligations upon vesting of restricted stock units and were mandated under the company’s equity incentive plans, rather than being discretionary trades. Following the transaction, Batill directly holds 143,631 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,979 shares ($35,523)
Net Sell
1 txn
Insider
Batill Eric
Role
General Counsel
Sold
4,979 shs ($36K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,979 | $7.1346 | $36K |
Holdings After Transaction:
Common Stock — 143,631 shares (Direct, null)
Footnotes (1)
- 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. Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $6.8501 to $7.1612. 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: 4,979 shares
Weighted average sale price: $7.1346 per share
Post-transaction holdings: 143,631 shares
+1 more
4 metrics
Shares sold
4,979 shares
Open-market sale on 2026-06-23 to cover tax withholding
Weighted average sale price
$7.1346 per share
Common stock sale in multiple transactions
Post-transaction holdings
143,631 shares
Direct ownership after reported sale
Price range of sales
$6.8501–$7.1612 per share
Multiple sale transactions reported in Form 4
Key Terms
restricted stock units, tax withholding obligations, sell to cover, equity incentive plans, +1 more
5 terms
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.
tax withholding obligations financial
"shares required to be sold ... to cover tax withholding obligations in connection with the vesting"
sell to cover financial
"to be funded by a "sell to cover" transaction and do not represent discretionary trades"
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.
equity incentive plans financial
"mandated by the Issuer's election under its equity incentive plans to require the satisfaction"
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.
weighted average sales price financial
"Represents a weighted average sales price per share. These shares were sold in multiple transactions"
FAQ
What insider transaction did ChargePoint (CHPT) report for Eric Batill?
Eric Batill, General Counsel of ChargePoint, reported selling 4,979 shares of common stock. The filing explains these shares were sold to satisfy tax withholding obligations triggered by vesting of restricted stock units, rather than as discretionary trades in the open market.