EVgo Inc. (NASDAQ: EVGO) CLO exercises RSUs, withholds shares at $1.59

Rhea-AI Filing Summary

EVgo Inc. reported insider equity compensation activity by Chief Legal Officer Francine Sullivan on August 10, 2026. 27,358 Restricted Stock Units granted under the 2021 Long Term Incentive Plan were exercised into 27,358 shares of Class A common stock. In a related transaction, 10,766 shares of Class A common stock were delivered or withheld at $1.59 per share, using the closing price on the vesting date, for payment of the exercise price or tax liability. The RSUs vest in three equal annual installments on each of the first three anniversaries of August 10, 2023, conditioned on continued employment.

Insider Trade Summary

Net Buyer: 16,592 shares

Net Buy 3 txns

Insider Sullivan Francine

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F1, F3	27,358	$0.00	$0.00
Exercise	Class A Common Stock F1	27,358	$0.00	$0.00
Exercise Price or Tax Liability	Class A Common Stock F2	10,766	$1.59	$17K

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Class A Common Stock — 345,604 shares (Direct)

Footnotes (3)

1. F1. 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. F2. The closing price of the Class A Common Stock on August 10, 2026, the date of vesting, was the settlement price used to calculate the shares withheld.
3. F3. 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.

Key Figures

RSUs exercised: 27,358 units Shares received: 27,358 shares Shares withheld: 10,766 shares +2 more

5 metrics

RSUs exercised 27,358 units Restricted Stock Units converted into Class A common stock on August 10, 2026

Shares received 27,358 shares Class A common stock underlying RSUs delivered on exercise

Shares withheld 10,766 shares Class A common shares delivered or withheld for exercise price or tax liability

Settlement price $1.59 per share Closing price on August 10, 2026 used to calculate shares withheld

RSU vesting term 3 annual installments Vesting on each of the first three anniversaries of August 10, 2023

Key Terms

Restricted Stock Units, 2021 Long Term Incentive Plan, Class A common stock, vesting, +1 more

5 terms

Restricted Stock Units financial

"Restricted stock units ("RSUs") awarded under the Issuer's 2021 Long Term Incentive Plan"

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.

2021 Long Term Incentive Plan financial

"RSUs awarded under the Issuer's 2021 Long Term Incentive Plan (the "Plan")"

Class A common stock financial

"Each RSU represents the contingent right to receive one share of the Issuer's Class A common stock"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

vesting financial

"The RSUs vest in three equal annual installments on each of the first three anniversaries"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

shares withheld financial

"closing price ... was the settlement price used to calculate the shares withheld"

FAQ

What insider transaction did EVGO Chief Legal Officer Francine Sullivan report?

Francine Sullivan reported exercising 27,358 Restricted Stock Units into 27,358 shares of Class A common stock on August 10, 2026, as part of her equity compensation under EVgo’s 2021 Long Term Incentive Plan.

How many EVGO shares were withheld for taxes or exercise costs in this Form 4?

The filing shows 10,766 shares of Class A common stock were delivered or withheld at $1.59 per share to pay the exercise price or tax liability related to the RSU vesting.

What type of equity award did Francine Sullivan receive from EVGO?

Francine Sullivan’s award consists of Restricted Stock Units (RSUs) granted under EVgo’s 2021 Long Term Incentive Plan, each RSU representing a contingent right to receive one share of Class A common stock upon vesting.

What is the vesting schedule for Francine Sullivan’s EVGO RSUs?

The RSUs vest in three equal annual installments on each of the first three anniversaries of August 10, 2023, subject to Francine Sullivan’s continued employment through each vesting date.

What price was used to calculate EVGO shares withheld in this Form 4?

The filing states that the closing price of EVgo Class A common stock on August 10, 2026—$1.59 per share—was used as the settlement price to calculate the number of shares withheld.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/12/2026 - 06:28 PM Accepted by SEC EDGAR 08/12/2026 - 06:28 PM Learn about SEC filing dates

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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 CALIFORNIA 90245

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	Chief Legal Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026

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

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

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

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)	08/10/2026		M		27,358	A	$0	356,370	D
Class A Common Stock	08/10/2026		F		10,766	D	$1.59(2)	345,604	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)	08/10/2026		M			27,358	(3)	(3)	Class A Common Stock	27,358	$0	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 closing price of the Class A Common Stock on August 10, 2026, the date of vesting, 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.

Remarks:

	/s/ Francine Sullivan	08/12/2026
	** 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.
* Form 4: SEC 1474 (03-26)