[Form 4] ChargePoint Holdings, Inc. Insider Trading Activity
Jagdeep Singh, an officer (CCXO) of ChargePoint Holdings, Inc. (CHPT), reported a non-discretionary sale of common stock to satisfy tax withholding obligations. The Form 4 shows a sale of 1,703 shares on 09/23/2025 at a price of $11.2714 per share, leaving the reporting person with 129,459 shares beneficially owned after the transaction. The filing notes a 1-for-20 reverse stock split effective 07/28/2025 and that the reported totals reflect that adjustment. It also discloses acquisition of 500 shares via the Employee Stock Purchase Plan on 09/09/2025, which was exempt under Rule 16b-3. The sale was a mandated "sell to cover" tied to restricted stock unit vesting and not a discretionary trade.
- Reporting person retains a meaningful ownership position with 129,459 shares after the mandated sale
- Transaction was procedural (sell-to-cover for RSU tax withholding), reducing inference of opportunistic insider selling
- Filing properly discloses the 1-for-20 reverse stock split adjustment and an exempt ESPP purchase of 500 shares
- Reported sale reduced holdings by 1,703 shares, though it was mandated for tax withholding
Insights
TL;DR: Routine tax-withholding sale tied to RSU vesting; reporting and disclosure appear complete and procedural.
The sale of 1,703 shares was executed as a mandated "sell to cover" for tax withholding related to RSU settlement, which reduces the risk that the insider engaged in opportunistic selling. The Form 4 properly adjusts historical share counts for the 1-for-20 reverse split and discloses an exempt ESPP purchase of 500 shares. From a governance perspective, the filing is consistent with standard executive equity administration and provides clear provenance for the transaction.
TL;DR: Insider retains material equity stake post-sale; transaction unlikely to be market-moving.
The reporting officer retains 129,459 shares after the sale, indicating continued ownership exposure to company performance. The sale price reported ($11.2714) and the small size of the sale (1,703 shares) relative to the post-transaction holding suggest this was a tax-driven disposition rather than liquidity-driven selling. The reverse split disclosure clarifies share-count comparability. Overall, this Form 4 is informational and not indicative of a change in corporate outlook.