[Form 4] ChargePoint Holdings, Inc. Insider Trading Activity
Wilmer Richard, President, CEO and director of ChargePoint Holdings, Inc. (CHPT), reported a non-sale transaction dated 09/20/2025 where 2,774 shares of common stock were withheld by the issuer at a price of $10.85 to satisfy tax withholding obligations related to vested restricted stock units. Following the transaction, Mr. Richard beneficially owned 494,143 shares. The filing notes a 1-for-20 reverse stock split effective July 28, 2025, and that the reported total includes 500 shares acquired under the Employee Stock Purchase Plan on September 9, 2025.
- Reporting person retains substantial ownership with 494,143 shares beneficially owned following the transaction
- Transaction was administrative (shares withheld for tax withholding on RSU vesting), not an open-market sale
- Includes 500 ESPP shares acquired on September 9, 2025, showing participation in issuer plans
- 2,774 shares were withheld to satisfy tax obligations, reducing the reporting person's share count by that amount
- Reverse stock split (1-for-20) required adjustment of reported share amounts, which can complicate historical share comparisons
Insights
TL;DR Insider withheld shares to cover taxes on vested RSUs; retains material ownership of 494,143 shares.
The Form 4 discloses a non-sale withholding of 2,774 shares at $10.85 tied to RSU vesting, a routine administrative action that does not represent a market disposition by the reporting person. The post-transaction beneficial ownership of 494,143 shares signals continued alignment with shareholders. Adjustments reflect a 1-for-20 reverse split effective July 28, 2025, and inclusion of 500 ESPP shares acquired on September 9, 2025.
TL;DR Transaction is administrative (tax withholding) following RSU vesting; reporting person remains an executive insider.
The filing cleanly documents that the shares were withheld by the issuer to satisfy tax obligations rather than sold on the open market, which is typical after RSU vesting. The form confirms the reporting person's roles as President, CEO and director, and provides clarity on share counts post-reverse-split and inclusion of recent ESPP participation.