Jonathan Seelig - Oct 14, 2024 Form 4 Insider Report for EVgo Inc. (EVGO)

Role
Director
Signature
/s/ Jonathan Seelig
Stock symbol
EVGO
Transactions as of
Oct 14, 2024
Transactions value $
$0
Form type
4
Date filed
10/16/2024, 12:07 PM
Previous filing
Oct 24, 2023
Next filing
Oct 24, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVGO Class A Common Stock Options Exercise +54.1K +261.14% 74.8K Oct 14, 2024 Direct F1
transaction EVGO Class A Common Stock Options Exercise +2.04K +2.73% 76.8K Oct 14, 2024 Direct F1

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 -54.1K -100% $0.00 0 Oct 14, 2024 Class A Common Stock 54.1K Direct F2, F3, F4
transaction EVGO Restricted Stock Units Options Exercise $0 -2.04K -100% $0.00 0 Oct 14, 2024 Class A Common Stock 2.04K Direct F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 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 (2042 in 2024 and 2156 in 2025), but are deemed to be in consideration for the Reporting Person's service as a member of the Board.
F3 The Reporting Person received a grant of 54,054 RSUs in October 2023, vesting in full on the first anniversary of October 12, 2023, and are deemed to be in consideration for the Reporting Person's service as a member of the Board.
F4 RSUs awarded under the Issuer's 2021 Long Term Incentive Plan.