Tax-driven share sale by ChargePoint (NYSE: CHPT) CRO Vice
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ChargePoint Holdings, Inc. Chief Revenue Officer John David Vice sold 4,072 shares of common stock in an open-market transaction to cover tax withholding obligations tied to the vesting of restricted stock units. The company’s equity plans require this “sell to cover” approach, so the trades were not discretionary. Following these sales, he directly holds 171,507 shares of ChargePoint common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,072 shares ($29,053)
Net Sell
1 txn
Insider
Vice John David
Role
CRO
Sold
4,072 shs ($29K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,072 | $7.1348 | $29K |
Holdings After Transaction:
Common Stock — 171,507 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 $6.8401 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: 4,072 shares
Weighted average sale price: $7.1348 per share
Post-transaction holdings: 171,507 shares
+1 more
4 metrics
Shares sold
4,072 shares
Open-market sale on June 23, 2026 to cover tax withholding
Weighted average sale price
$7.1348 per share
Average price for mandated tax-related sales
Post-transaction holdings
171,507 shares
Common stock directly held after the reported sales
Sale price range
$6.8401–$7.1612 per share
Range of prices across multiple sale transactions
Key Terms
restricted stock units, sell to cover, equity incentive plans, weighted average sales price per share
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.
FAQ
What did ChargePoint (CHPT) CRO John David Vice report on this Form 4?
ChargePoint CRO John David Vice reported selling 4,072 shares of common stock. The sales were made to cover tax withholding obligations from vesting restricted stock units, under the company’s equity incentive plans, rather than as discretionary open-market trades.
Do these ChargePoint (CHPT) insider sales indicate a change in sentiment by the CRO?
The filing states the sales were mandated to cover tax withholding on restricted stock unit vesting. Because they were required “sell to cover” transactions under the equity plans, they do not represent discretionary trades and carry limited insight into the CRO’s personal market outlook.