EVgo insider filing shows RSU conversions to Class A stock at $0

Rhea-AI Filing Summary

EVgo (EVGO): Insider equity from RSU vesting

On 10/12/2025, director Jonathan Seelig reported acquiring Class A Common Stock at $0 per share through RSU conversions (transaction code M). The filing shows 2,156 shares issued from a 2022 RSU grant that vested on 10/12/2025, and 23,495 shares issued from RSUs awarded on 10/22/2024 that vested in full on 10/12/2025. These entries reflect equity delivered upon vesting under EVgo’s 2021 Long Term Incentive Plan.

Insights

Corporate governance analyst

Routine RSU vesting increased a director’s holdings; non-cash.

The filing records RSU-to-share conversions on 10/12/2025 at $0, a standard settlement mechanism for equity awards. Two tranches—2,156 and 23,495 shares—were delivered via code M, indicating derivative conversion.

Post-settlement direct ownership is 102,446 Class A shares. The 2,156 shares derive from an October 2022 grant with multi-year vesting; 23,495 shares from an October 2024 grant that vested in full on October 12, 2025. No sale methods or proceeds are indicated.

This is an administrative update typical for director compensation. Actual market impact depends on any future trading activity, which is not disclosed here.

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

OMB APPROVAL

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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).

1. Name and Address of Reporting Person^*

Seelig Jonathan

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/12/2025

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)	10/12/2025		M		2,156	A	$0	78,951	D
Class A Common Stock	10/12/2025		M		23,495	A	$0	102,446	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)	10/12/2025		M			2,156	(2)	(2)	Class A Common Stock	2,156	$0.00	0	D
Restricted Stock Units	(1)	10/12/2025		M			23,495	(3)	(3)	Class A Common Stock	23,495	$0.00	0	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. The Reporting Person received a grant of 6,468 RSUs in October 2022, vesting in three equal installments on the first three anniversaries of October 12, 2022, in consideration for the Reporting Person's service as a Board Observer to the Issuer. Subsequently, the Reporting Person tendered his resignation from service as a Board Observer to the Issuer effective as of May 16, 2023, the day prior to the Reporting Person's anticipated election to the Issuer's Board of Directors (the "Board") and vesting for a portion (2,270) of these RSUs was accelerated effective as of such resignation. The remaining (4,198) RSUs subject to the grant vested over the original vesting schedule (2,042 RSUs on October 12, 2024, and 2,156 on October 12, 2025) and were deemed to be in consideration for the Reporting Person's service as a member of the Board.

3. RSUs awarded to the Reporting Person on October 22, 2024. The RSUs vested in full on October 12, 2025.

	/s/ Jonathan Seelig, by Francine Sullivan, as Attorney-in-Fact	10/14/2025
	** 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).
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FAQ

What did EVGO disclose in this Form 4?

A director received Class A Common Stock at $0 per share upon RSU vesting on 10/12/2025 (code M).

How many EVGO shares were acquired via RSUs on 10/12/2025?

Two entries: 2,156 shares and 23,495 shares delivered upon RSU vesting.

What were the sources of the RSUs?

A 2022 grant with tranches vesting through 10/12/2025, and RSUs awarded on 10/22/2024 that vested in full on 10/12/2025.

Who is the reporting person on EVGO’s Form 4?

Director Jonathan Seelig.

Were any EVGO shares sold in this filing?

No sale is indicated; the code M reflects RSU conversion to shares.

Under which plan were the RSUs granted?

The 2021 Long Term Incentive Plan.