ChargePoint (NYSE: CHPT) CFO sells 8,152 shares to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ChargePoint Holdings CFO Mansi Khetani reported a mandated sale of 8,152 shares of common stock to cover tax withholding on vested restricted stock units. The shares were sold in open-market transactions at a weighted average price of $7.135 per share under a company “sell to cover” policy, meaning the trades were not discretionary. After these transactions, Khetani directly holds 179,348 ChargePoint shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 8,152 shares ($58,165)
Net Sell
1 txn
Insider
Khetani Mansi
Role
CFO
Sold
8,152 shs ($58K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,152 | $7.135 | $58K |
Holdings After Transaction:
Common Stock — 179,348 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 $6.8614 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: 8,152 shares
Weighted average sale price: $7.135 per share
Post-transaction holdings: 179,348 shares
+1 more
4 metrics
Shares sold
8,152 shares
Open-market sale to cover tax withholding
Weighted average sale price
$7.135 per share
Tax-related sale of common stock
Post-transaction holdings
179,348 shares
Direct ownership after the reported sale
Price range of sales
$6.8614–$7.1612 per share
Multiple transactions within this range
Key Terms
restricted stock units, sell to cover, equity incentive plans, weighted average sales price
4 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.
sell to cover financial
"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"
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"
FAQ
What did ChargePoint (CHPT) CFO Mansi Khetani report on this Form 4?
The CFO reported the sale of 8,152 ChargePoint common shares. These were sold to cover tax withholding obligations tied to vesting restricted stock units, under the company’s equity incentive plan election, and were not discretionary market trades.