EVgo (EVGO) CLO Francine Sullivan vests RSUs, holds 284,087 shares

Rhea-AI Filing Summary

EVgo Inc. officer Francine Sullivan reported routine equity compensation activity involving restricted stock units (RSUs) and Class A common stock. On February 1, 2026, 41,667 and 71,225 RSUs granted under the 2021 Long Term Incentive Plan were converted into the same number of Class A shares at an exercise price of $0.00.

To cover tax withholding on these vestings, 16,396 and 30,619 Class A shares were withheld at a price of $3.01, based on the January 30, 2026 closing price. Following these transactions, Sullivan directly owned 284,087 shares of Class A common stock and 142,450 RSUs that remain outstanding and subject to future vesting conditions.

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)
02/01/2026

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)	02/01/2026		M		41,667	A	$0	259,877	D
Class A Common Stock	02/01/2026		F		16,396	D	$3.01(2)	243,481	D
Class A Common Stock(1)	02/01/2026		M		71,225	A	$0	314,706	D
Class A Common Stock	02/01/2026		F		30,619	D	$3.01(2)	284,087	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)	02/01/2026		M			41,667	(3)	(3)	Class A Common Stock	41,667	$0.00	0	D
Restricted Stock Units	(1)	02/01/2026		M			71,225	(4)	(4)	Class A Common Stock	71,225	$0.00	142,450	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 February 1, 2026, the Reporting Person's RSUs vested. The closing price of the Class A Common Stock on January 30, 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 February 1, 2023, subject to the Reporting Person's continued employment through each vesting date.

4. The RSUs vest in three equal annual installments on each of the first three anniversaries of February 1, 2025, subject to the Reporting Person's continued employment through each vesting date. The Form 4 filed on March 18, 2025 reporting the RSU grant noted that such RSUs vested in three equal installments beginning on their grant date instead of February 1, 2025.

Remarks:

Chief Legal Officer and EVP Corporate Development

	/s/ Francine Sullivan	02/03/2026
	** 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) report for Francine Sullivan?

EVgo reported that officer Francine Sullivan had RSUs vest on February 1, 2026, converting into 41,667 and 71,225 Class A shares. Related shares were withheld to cover taxes, reflecting routine equity compensation rather than an open-market purchase or sale.

How many EVgo Class A shares did Francine Sullivan own after the Form 4 transactions?

After the reported transactions, Francine Sullivan directly owned 284,087 shares of EVgo Class A common stock. This figure reflects shares received from RSU vesting net of tax withholding shares that were retained by the company to satisfy withholding obligations.

How many EVgo RSUs remain outstanding for Francine Sullivan after this Form 4?

Following the February 1, 2026 vesting, 142,450 restricted stock units remain outstanding for Francine Sullivan. These RSUs vest in three equal annual installments tied to February 1, 2023 and February 1, 2025 grant schedules, contingent on continued employment through each vesting date.

What were the key RSU vesting amounts disclosed for EVgo insider Francine Sullivan?

On February 1, 2026, 41,667 and 71,225 RSUs for Francine Sullivan vested and were settled in an equal number of EVgo Class A shares. These RSUs originated from grants under the company’s 2021 Long Term Incentive Plan with multi-year vesting schedules.

Why were EVgo shares withheld in Francine Sullivan’s February 1, 2026 Form 4?

EVgo withheld 16,396 and 30,619 Class A shares from Francine Sullivan’s RSU vesting to satisfy tax withholding obligations. The company used a settlement price of $3.01, the January 30, 2026 closing price of the Class A common stock, to calculate the withheld amounts.

What role does Francine Sullivan hold at EVgo in this Form 4 filing?

In this filing, Francine Sullivan is identified as an officer of EVgo, serving as Chief Legal Officer and EVP Corporate Development. The reported transactions reflect equity awards and vesting tied to her executive compensation under the company’s long-term incentive plan.