ChargePoint (CHPT) Form 4: Leschly Awarded 254K RSUs, No Shares Sold
Rhea-AI Filing Summary
ChargePoint Holdings, Inc. (CHPT) filed a Form 4 reporting that director Mark Leschly received 254,785 restricted stock units (RSUs) on 07/08/2025. Each RSU converts into one common share when either (i) one year has elapsed from the grant date or (ii) the next annual shareholder meeting occurs, provided Leschly remains in service. The grant, recorded at a price of $0, raises his direct holdings to 427,517 shares. Leschly also indirectly controls 420,946 shares through Iconica LLC, where he is the managing member. No shares were sold and no derivative securities were transacted, indicating the filing reflects a compensation-related equity award rather than a market purchase or disposal.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine RSU grant lifts director’s stake; minimal market impact.
The RSU award increases insider ownership without cash outlay, aligning director incentives with shareholders but diluting outstanding shares by an immaterial amount relative to CHPT’s >300 million share base. Because the grant is service-based, it signals retention rather than active buying, limiting inference about management’s valuation view. Overall, the transaction is customary board compensation and unlikely to move the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 254,785 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The Reporting Person was granted Restricted Stock Units ("RSUs") which represent a contingent right to receive one share of Common Stock for each RSU. The RSUs are subject to a service-based vesting requirement, which shall be satisfied in full on the earlier of (i) the one-year anniversary of the date of grant or (ii) the date of the next annual meeting of stockholders, subject to the Reporting Person's continuous service with the Issuer through such date. The Shares are held directly by Iconica LLC. The Reporting Person is managing member of Iconica LLC and as such Mr. Leschly possesses sole power to direct the voting and disposition of the shares owned by Iconica LLC.