EVgo (EVGO) CEO nets RSU shares after 56,334 withheld for taxes

Rhea-AI Filing Summary

EVgo Inc. Chief Executive Officer Badar Khan had a block of restricted stock units vest as part of his equity compensation. On March 15, 2026, 222,222 RSUs granted under the 2021 Long Term Incentive Plan converted into the same number of Class A common shares.

To cover tax obligations on this vesting, 56,334 shares of Class A common stock were withheld at a price of $2.08 per share, using the March 13, 2026 closing price as the settlement price. After these transactions, Khan directly held 1,037,603 shares of Class A common stock. These are compensation-related events, not open-market purchases or sales.

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^*

Khan Badar

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

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		222,222	A	$0	1,102,937	D
Class A Common Stock	03/15/2026		F		56,334	D	$2.08(2)	1,037,603	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			222,222	(3)	(3)	Class A Common Stock	222,222	$0.00	222,223	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. 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.

	/s/ Badar Khan, by Francine Sullivan, as Attorney-in-Fact	03/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did EVgo (EVGO) CEO Badar Khan report?

EVgo CEO Badar Khan reported RSU vesting and related share withholding. 222,222 restricted stock units converted into Class A common shares, and a portion of those shares was withheld to satisfy tax obligations tied to the vesting event.

How many EVgo (EVGO) RSUs vested for the CEO and into what did they convert?

On March 15, 2026, 222,222 RSUs awarded under EVgo’s 2021 Long Term Incentive Plan vested for CEO Badar Khan. Each restricted stock unit represented one contingent share and converted into one share of Class A common stock upon vesting.

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

A total of 56,334 shares of EVgo Class A common stock were withheld to pay tax liabilities arising from RSU vesting. The withholding used a settlement price of $2.08 per share, based on the March 13, 2026 closing price disclosed in the filing.

What are the vesting terms of the EVgo (EVGO) CEO’s RSU award?

The CEO’s RSUs vest in three equal annual installments on each of the first three anniversaries of March 15, 2024. Vesting remains subject to Badar Khan’s continued employment with EVgo through each applicable vesting date, as outlined in the award’s terms.

How many EVgo (EVGO) shares does the CEO hold after these transactions?

Following the RSU conversion and tax withholding, CEO Badar Khan directly holds 1,037,603 shares of EVgo Class A common stock. This figure reflects the net position after the vested RSUs became shares and a portion was withheld to satisfy tax obligations.

Does this EVgo (EVGO) Form 4 show open-market buying or selling by the CEO?

The Form 4 shows RSU vesting and tax withholding, not open-market trades. Shares were acquired through derivative exercise and some were withheld to pay taxes, so the activity reflects routine equity compensation mechanics rather than discretionary market purchases or sales.