ChargePoint CRO's $5.2K Stock Sale for Tax Obligations, Retains 2.5M Shares
ChargePoint Holdings (CHPT) Chief Revenue Officer John David Vice reported a mandatory stock sale transaction on June 23, 2025.
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Rhea-AI Filing Summary
ChargePoint Holdings (CHPT) Chief Revenue Officer John David Vice reported a mandatory stock sale transaction on June 23, 2025. The insider sold 7,858 shares at a price of $0.6657 per share as part of a "sell to cover" transaction to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
Key details of the transaction:
- Following the transaction, the CRO retains direct beneficial ownership of 2,519,642 shares
- The sale was non-discretionary and automatically executed to cover tax obligations
- Transaction was executed under the company's equity incentive plan requirements
- Filing was signed by attorney-in-fact Natella Novruzova on June 24, 2025
This Form 4 filing indicates a routine insider transaction for tax purposes rather than a discretionary trading decision by the executive.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,858 | $0.6657 | $5K |
Footnotes (1)
- 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.
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