Olga Shevorenkova - 31 Jan 2024 Form 4 Insider Report for EVgo Inc. (EVGO)

Role
Chief Financial Officer
Signature
/s/ Olga Shevorenkova by Chris Nenno, as Attorney-in-Fact
Issuer symbol
EVGO
Transactions as of
31 Jan 2024
Net transactions value
-$179,138
Form type
4
Filing time
02 Feb 2024, 21:03:47 UTC
Previous filing
10 Aug 2023
Next filing
07 Mar 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVGO Class A Common Stock Options Exercise +53,164 +148% 88,984 31 Jan 2024 Direct F1
transaction EVGO Class A Common Stock Options Exercise +36,750 +41% 125,734 01 Feb 2024 Direct F1
transaction EVGO Class A Common Stock Options Exercise +59,027 +47% 184,761 01 Feb 2024 Direct F1
transaction EVGO Class A Common Stock Sale $67,255 -29,772 -16% $2.26 154,989 01 Feb 2024 Direct F2
transaction EVGO Class A Common Stock Sale $111,883 -53,635 -35% $2.09 101,354 02 Feb 2024 Direct F3

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 Options Exercise $0 -53,164 -100% $0.000000* 0 31 Jan 2024 Class A Common Stock 53,164 Direct F1, F4
transaction EVGO Restricted Stock Units Options Exercise $0 -36,750 -50% $0.000000 36,750 01 Feb 2024 Class A Common Stock 36,750 Direct F1, F5
transaction EVGO Restricted Stock Units Options Exercise $0 -59,027 -33% $0.000000 118,056 01 Feb 2024 Class A Common Stock 59,027 Direct F1, F6
* 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 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 ("Class A Common Stock").
F2 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.215 to $2.370, inclusive, pursuant to the Reporting Person's 10b5-1 trading plan adopted on September 26, 2023, which plan also gives effect to the Issuer's mandatory sell to cover policy requiring sales in an amount sufficient to cover tax withholding obligations associated with the vesting events (the "2023 10b5-1 Plan"). The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information regarding the number of shares sold at each separate price in the transactions described in this footnote 2.
F3 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $2.035 to $2.200, inclusive, pursuant to the 2023 10b5-1 Plan. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the SEC, upon request, full information regarding the number of shares sold at each separate price in the transactions described in this footnote 3.
F4 The RSUs vest in three equal annual installments on each of the first three anniversaries of January 31, 2021, the last of which occurred on January 31, 2024.
F5 The RSUs vest in three equal annual installments on each of the first three anniversaries of February 1, 2022, subject to the Reporting Person's continued employment through each vesting date.
F6 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.