ChargePoint (NYSE: CHPT) CCXO reports mandated tax sell-to-cover trade
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ChargePoint Holdings, Inc. Chief Commercial Officer (CCXO) Jagdeep Singh CA reported an open-market sale of 2,562 shares of common stock at $5.30 per share on March 23, 2026. The filing states these shares were sold solely to cover tax withholding obligations from the vesting of restricted stock units under the company’s equity incentive plans and were not discretionary trades.
After this transaction, Singh directly holds 122,565 shares of ChargePoint common stock, which the filing notes includes 500 shares acquired through the company’s Employee Stock Purchase Plan on March 9, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,562 shares ($13,579)
Net Sell
1 txn
Insider
Singh Jagdeep CA
Role
CCXO
Sold
2,562 shs ($14K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 2,562 | $5.30 | $14K |
Holdings After Transaction:
Common Stock — 122,565 shares (Direct)
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. Includes 500 shares acquired under the Issuer's Employee Stock Purchase Plan on March 9, 2026, in a transaction that was exempt under both Rule 16b-3(d) and Rule 16b-3(c).
FAQ
What insider transaction did ChargePoint (CHPT) CCXO Jagdeep Singh CA report?
Jagdeep Singh CA reported selling 2,562 ChargePoint common shares at $5.30 on March 23, 2026. The filing explains the sale was executed to cover tax withholding from restricted stock unit vesting, rather than as a discretionary open-market trade.
Was the ChargePoint (CHPT) insider sale by Jagdeep Singh CA a discretionary trade?
No, the filing states the 2,562-share sale was mandated to cover tax withholding from restricted stock unit vesting. It describes the transaction as a required “sell to cover” under ChargePoint’s equity incentive plans, not a discretionary trade initiated by Singh.
What price was received in the ChargePoint (CHPT) insider sale on March 23, 2026?
The reported sale price was $5.30 per ChargePoint common share for 2,562 shares. This transaction was recorded as an open-market sale but, per the footnote, was executed to fund tax obligations associated with restricted stock unit vesting.