EVgo (EVGO) officer nets shares after RSU vesting and tax withholding

Rhea-AI Filing Summary

EVgo Inc. officer Francine Sullivan reported compensation-related equity activity tied to restricted stock units on March 15, 2026. She exercised or converted 74,074 restricted stock units into the same number of shares of Class A Common Stock, at a stated exercise price of $0.00 per share.

To cover tax obligations upon vesting, 29,149 shares of Class A Common Stock were withheld at a price of $2.08 per share, classified as tax-withholding dispositions rather than open‑market sales. After these transactions, Sullivan directly holds 329,012 shares of EVgo Class A Common Stock.

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^*

Sullivan Francine

(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)
	See Remarks

3. Date of Earliest Transaction (Month/Day/Year)
03/15/2026

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)	03/15/2026		M		7,407	A	$0	291,494	D
Class A Common Stock	03/15/2026		F		2,915	D	$2.08(2)	288,579	D
Class A Common Stock(1)	03/15/2026		M		66,667	A	$0	355,246	D
Class A Common Stock	03/15/2026		F		26,234	D	$2.08(2)	329,012	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)	03/15/2026		M			7,407	(3)	(3)	Class A Common Stock	7,407	$0.00	51,853	D
Restricted Stock Units	(1)	03/15/2026		M			66,667	(4)	(4)	Class A Common Stock	66,667	$0.00	66,667	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 March 15, 2026, the Reporting Person's RSUs vested. The closing price of the Class A Common Stock on March 13, 2026 was the settlement price used to calculate the shares withheld.

3. Performance-based restricted stock units ("PSUs") awarded under the Plan. Each PSU represents the contingent right to receive, upon vesting of the PSU, one share of Class A Common Stock. The PSUs generally vest in three equal installments on the first three anniversaries of March 15, 2024, provided that the applicable performance goal has been achieved by such date (and, if not, on the date the applicable performance goal is subsequently achieved), and subject to the continuous service of the Reporting Person through the applicable vesting date. The applicable performance goal for each tranche of PSUs will be satisfied if the Class A Common Stock achieves a specified per share price for such tranche calculated based on a 20-day volume-weighted average price at any time prior to March 15, 2029.

4. The RSUs vest in three equal annual installments on each of the first three anniversaries of March 15, 2024, subject to the Reporting Person's continued employment through each vesting date.

Remarks:

Chief Legal Officer and EVP Corporate Development

	/s/ Francine Sullivan	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did EVgo (EVGO) officer Francine Sullivan report in this Form 4?

Francine Sullivan reported vesting and settlement of restricted stock units into EVgo Class A Common Stock. The filing shows equity compensation activity, including derivative exercises and related tax‑withholding share dispositions, rather than any open‑market purchases or sales of EVgo shares.

How many EVgo shares did Francine Sullivan receive from RSU vesting?

Sullivan exercised or converted restricted stock units into 74,074 shares of EVgo Class A Common Stock. These shares came from equity awards under EVgo’s 2021 Long Term Incentive Plan, following the vesting of both time‑based restricted stock units and performance‑based restricted stock units.

How many EVgo shares were withheld for taxes in this Form 4?

The filing shows 29,149 EVgo Class A Common Stock shares withheld to satisfy tax obligations, at $2.08 per share. These F‑code transactions are classified as tax‑withholding dispositions, not open‑market sales, and occur automatically when equity awards vest.

What is Francine Sullivan’s EVgo share ownership after these transactions?

After the reported transactions, Sullivan directly holds 329,012 shares of EVgo Class A Common Stock. This figure reflects the net result of RSU conversions into shares and the shares withheld to cover tax liabilities associated with the vesting events.

Were any of Francine Sullivan’s EVgo transactions open‑market trades?

No open‑market trades are reported. All transactions use codes M and F, indicating derivative exercises or conversions of restricted stock units and related tax‑withholding share dispositions, rather than discretionary market purchases or sales of EVgo Class A Common Stock.

What do the EVgo performance-based stock unit footnotes say?

Footnotes explain that performance-based restricted stock units vest in three installments tied to share‑price performance targets before March 15, 2029. Each unit converts into one share of Class A Common Stock when vesting and performance conditions under the long‑term incentive plan are satisfied.