Jonathan Seelig - May 17, 2023 Form 3 Insider Report for EVgo Inc. (EVGO)

Role
Director
Signature
/s/ Jonathan Seelig by Chris Nenno, as Attorney-in-Fact
Stock symbol
EVGO
Transactions as of
May 17, 2023
Transactions value $
$0
Form type
3
Date filed
5/22/2023, 07:53 PM
Next filing
Oct 13, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding EVGO Class A Common Stock 14.3K May 17, 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
holding EVGO Restricted Stock Units May 17, 2023 Class A Common Stock 4.2K Direct F1, F3, F4
holding EVGO Restricted Stock Units May 17, 2023 Class A Common Stock 8.71K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received a grant of 6,468 restricted stock units ("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 will vest over the original vesting schedule but be deemed to be in consideration for the Reporting Person's service as a member of the Board.
F2 The Reporting Person received a grant of 20,699 RSUs in October 2022, vesting in full on the first anniversary 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 Board, and vesting for a portion (11,987) of these RSUs was accelerated effective as of such resignation. The remaining (8,712) RSUs subject to the grant will vest in full on the original vesting date but be deemed to be in consideration for the Reporting Person's service as a member of the Board.
F3 RSUs awarded under the Issuer's 2021 Long Term Incentive Plan.
F4 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").

Remarks:

EXHIBIT LIST: EX-24 Power of Attorney