EVGO insider Dennis Kish vested 29,311 RSUs; tax withholding applied

Rhea-AI Filing Summary

In this Form 4 filing, Dennis G. Kish, President of EVgo Inc. (EVGO), reported the vesting of restricted stock units under the Issuer's 2021 Long Term Incentive Plan. On August 10, 2025, 29,311 RSUs vested, each representing the contingent right to receive one share of Class A common stock. The filing states the closing price of $3.46 on August 8, 2025 was used to calculate shares withheld at settlement. The RSUs vest in three equal annual installments beginning from August 10, 2023, subject to continued employment.

The filing shows shares were withheld to satisfy settlement/tax calculations using the stated closing price. This disclosure documents routine equity compensation vesting rather than an open-market purchase or sale.

Positive

• 29,311 RSUs vested on August 10, 2025 under the Issuer's 2021 Long Term Incentive Plan.
• Each RSU converts to one share of Class A common stock upon vesting, as explicitly stated in the filing.
• Vesting schedule disclosed: RSUs vest in three equal annual installments beginning from August 10, 2023, subject to continued employment.

Negative

• Shares were withheld to satisfy settlement/tax obligations using the closing price of $3.46 on August 8, 2025, reducing net shares delivered at vesting.
• The filing does not present a single-line net-delivery summary in the explanation section that clearly states the final net shares issued to the reporting person after withholding.

Insights

Securities Analyst

TL;DR: Routine executive RSU vesting of 29,311 units; limited immediate market impact noted.

The Form 4 reports the vesting of 29,311 RSUs for Dennis Kish under EVgo's 2021 Long Term Incentive Plan. The filing is consistent with standard equity compensation mechanics: RSUs convert into Class A shares on vesting and the closing price was used to calculate shares withheld to satisfy obligations. There is no explicit indication of open-market buying or selling activity by the reporting person in this filing, and the items disclosed are administrative compensation events rather than corporate actions affecting governance or capital structure beyond routine issuance.

Corporate Governance Expert

TL;DR: Vesting follows LTIP terms; disclosure is standard and reflects planned compensation delivery.

The disclosure identifies the award source as the 2021 Long Term Incentive Plan and confirms the vesting schedule of three equal annual installments dating from August 10, 2023. The use of the prior trading-day closing price to calculate shares withheld is explicitly documented, demonstrating compliance with settlement and withholding practices. From a governance perspective, this filing documents expected management compensation activity and does not disclose any exceptional governance events.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KISH DENNIS G

(Last) (First) (Middle)

C/O EVGO INC.

1661 EAST FRANKLIN AVENUE

(Street)

EL SEGUNDO CA 90245

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
EVgo Inc. [ EVGO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock(1)	08/10/2025		M		29,311	A	$3.46(2)	101,580	D
Class A Common Stock	08/10/2025		F		14,885	D	$3.46(2)	86,695	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	08/10/2025		M			29,311	(3)	(3)	Class A Common Stock	29,311	$0.00	29,312	D

Explanation of Responses:

1. Restricted stock units ("RSUs") awarded under the Issuer's 2021 Long Term Incentive Plan (the "Plan"). Each RSU represents the contingent right to receive, upon vesting of the RSU, one share of the Issuer's Class A common stock, $0.0001 par value ("Class A Common Stock").

2. On August 10, 2025, the Reporting Person's RSUs vested. The closing price of the Class A Common Stock on August 8, 2025, the last trading day immediately preceding the vesting date, was the settlement price used to calculate the shares withheld.

3. The RSUs vest in three equal annual installments on each of the first three anniversaries of August 10, 2023, subject to the Reporting Person's continued employment through each vesting date.

	/s/ Dennis Kish, by Francine Sullivan, as Attorney-in-Fact	08/12/2025
	** Signature of Reporting Person	Date
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FAQ

What did Dennis Kish report on Form 4 for EVGO?

On August 10, 2025 Dennis G. Kish reported the vesting of 29,311 RSUs under EVgo's 2021 Long Term Incentive Plan; each RSU converts to one Class A share.

What settlement price was used to calculate withholding for the vesting?

The filing states the closing price of $3.46 on August 8, 2025 was used to calculate shares withheld at settlement.

How were the RSUs awarded to Dennis Kish?

The RSUs were awarded under the Issuer's 2021 Long Term Incentive Plan; each RSU is the contingent right to receive one share upon vesting.

What is the RSU vesting schedule described in the filing?

The RSUs vest in three equal annual installments on each of the first three anniversaries of August 10, 2023, subject to continued employment.

Were any shares withheld to cover taxes or settlement?

Yes. The filing indicates shares were withheld for settlement/tax purposes, with withholding calculated using the $3.46 closing price; the table shows 14,885 shares indicated as disposed/withheld.

When was the Form 4 signed and filed?

The signature block shows the Form was signed on August 12, 2025 by Dennis Kish (via attorney-in-fact).