Badar Khan - Nov 13, 2023 Form 4 Insider Report for EVgo Inc. (EVGO)

Role
Chief Executive Officer, Director
Signature
/s/ Badar Khan by Chris Nenno, as Attorney-in-Fact
Stock symbol
EVGO
Transactions as of
Nov 13, 2023
Transactions value $
$0
Form type
4
Date filed
11/15/2023, 04:18 PM
Previous filing
May 18, 2023
Next filing
Mar 19, 2024

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 EVGO Restricted Stock Units Award $0 +704K $0.00 704K Nov 13, 2023 Class A Common Stock 704K Direct F1, F2
transaction EVGO Restricted Stock Units Award $0 +81.8K $0.00 81.8K Nov 13, 2023 Class A Common Stock 81.8K Direct F1, F2
transaction EVGO Performance-Based Restricted Stock Units Award $0 +704K $0.00 704K Nov 13, 2023 Class A Common Stock 704K Direct F3
transaction EVGO Employee Stock Options Award $0 +119K $0.00 119K Nov 13, 2023 Class A Common Stock 119K $2.76 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units ("RSUs") awarded under the Issuer's 2021 Long Term Incentive 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 ("Common Stock").
F2 The RSUs will vest in three equal installments on each of the first three anniversaries of November 13, 2023, subject to the Reporting Person's continued employment through the applicable vesting date.
F3 Performance-based restricted stock units ("PRSUs") awarded under the Issuer's 2021 Long Term Incentive Plan. Each PRSU represents the contingent right to receive, upon vesting of the PRSU, one share of Common Stock. The PRSUs generally vest in three equal installments on the first three anniversaries of November 13, 2023, provided that the applicable performance goal has been achieved by such date (and, if not, on the date the applicable performance goal is subsequently achieved), and subject to the continuous service of the Reporting Person through the applicable vesting date. The applicable performance goal for each tranche of PRSUs will be satisfied if the Common Stock achieves a specified per share price for such tranche calculated based on a 20-day volume-weighted average price at any time prior to November 13, 2028.
F4 Options awarded under the Issuer's 2021 Long Term Incentive Plan. The Options represent the right to acquire, upon vesting, shares of Common Stock. The Options vest and become exercisable in three equal annual installments on each of the first three anniversaries of November 13, 2023, subject to the Reporting Person's continued employment through the applicable vesting date.