ChargePoint counsel sells shares to cover RSU taxes
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.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,979 | $7.1346 | $36K |
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 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
Key Terms
restricted stock units financial
tax withholding obligations financial
sell to cover financial
equity incentive plans financial
weighted average sales price financial
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What insider transaction did ChargePoint (CHPT) report for Eric Batill?
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