Badar Khan - Nov 13, 2024 Form 4 Insider Report for EVgo Inc. (EVGO)

Role
Chief Executive Officer, Director
Signature
/s/ Badar Khan by Francine Sullivan, as Attorney-in-Fact
Stock symbol
EVGO
Transactions as of
Nov 13, 2024
Transactions value $
-$856,233
Form type
4
Date filed
11/15/2024, 09:44 PM
Previous filing
May 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVGO Class A Common Stock Options Exercise +235K +133.96% 410K Nov 13, 2024 Direct F1
transaction EVGO Class A Common Stock Options Exercise +27.3K +6.65% 437K Nov 13, 2024 Direct F1
transaction EVGO Class A Common Stock Options Exercise +78.2K +17.9% 515K Nov 13, 2024 Direct F1
transaction EVGO Class A Common Stock Sale -$591K -115K -22.31% $5.14 400K Nov 14, 2024 Direct F4
transaction EVGO Class A Common Stock Sale -$68.6K -13.4K -3.34% $5.14 387K Nov 14, 2024 Direct F4
transaction EVGO Class A Common Stock Sale -$197K -38.3K -9.9% $5.14 349K Nov 14, 2024 Direct F4

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 -235K -33.33% $0.00 469K Nov 13, 2024 Class A Common Stock 235K Direct F1, F2
transaction EVGO Restricted Stock Units Options Exercise $0 -27.3K -33.33% $0.00 54.5K Nov 13, 2024 Class A Common Stock 27.3K Direct F1, F2
transaction EVGO Performance Based Restricted Stock Units Options Exercise $0 -78.2K -11.11% $0.00 626K Nov 13, 2024 Class A Common Stock 78.2K 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 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 the Reporting Person's continued employment through the applicable vesting 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 The price reported in column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $4.985 to $5.315, inclusive, pursuant to the Reporting Person's 10b5-1 trading plan adopted on June 10, 2024, 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 reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price in the transactions described in this footnote 4.