Michael D. Hughes - Sep 14, 2023 Form 4 Insider Report for ChargePoint Holdings, Inc. (CHPT)

Role
Chief Commercial and Revenue Officer
Signature
/s/ Natella Novruzova - Attorney-in-Fact
Stock symbol
CHPT
Transactions as of
Sep 14, 2023
Transactions value $
-$315,619
Form type
4
Date filed
9/18/2023, 05:31 PM
Previous filing
Aug 3, 2023
Next filing
Sep 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CHPT Common Stock Options Exercise $32.5K +58K +6.56% $0.56* 942K Sep 14, 2023 Direct
transaction CHPT Common Stock Sale -$348K -58K -6.16% $6.00 884K Sep 14, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CHPT Stock Option (right to buy) Options Exercise -58K -6.05% 901K Sep 14, 2023 Common Stock 58K $0.56 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 This sale was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on October 31, 2021.
F2 Represents a weighted average sales price per share. These shares were sold in multiple transactions at prices ranging from $6.00 to $6.01. The Reporting Person has provided to the issuer, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the issuer, upon request, full information regarding the number of shares sold at each separate price within the range.
F3 The Stock Option was received in exchange for an option to purchase shares of common stock of ChargePoint, Inc. in connection with the merger pursuant to the terms of that certain Business Combination Agreement and Plan of Reorganization, dated as of September 23, 2020. The Stock Option vested in 48 equal monthly installments from August 16, 2018, subject to the Reporting Person's continuous service through each vesting date.

Remarks:

Chief Commercial and Revenue Officer