Francine Sullivan - Dec 30, 2022 Form 4 Insider Report for EVgo Inc. (EVGO)

Role: CLO and General Counsel
Signature: /s/ Francine Sullivan
Stock symbol: EVGO
Transactions as of: Dec 30, 2022
Transactions value $: -$24,698
Form type: 4
Date filed: 1/4/2023, 11:49 AM
Previous filing: Apr 5, 2022
Next filing: Apr 5, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EVGO	Class A Common Stock	Options Exercise		+25.3K	+21.02%		146K	Dec 30, 2022	Direct	F1, F2
transaction	EVGO	Class A Common Stock	Tax liability	-$24.7K	-6.16K	-4.23%	$4.01	139K	Dec 30, 2022	Direct	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
transaction	EVGO	Restricted Stock Units	Options Exercise	$0	-25.3K	-100%	$0.00^*	0	Dec 30, 2022	Class A Common Stock	25.3K		Direct	F1, F2, F3

* 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 ("Class A Common Stock").
F2	The reported transaction involved the vesting of 25,291 RSUs granted to the reporting person under the Issuer's 2021 Long Term Incentive Plan. The Reporting Person has reported prior awards of RSUs in Table II of Form 4. The total reported in Column 5 of Table I includes the 25,291 shares of Class A Common Stock delivered to the reporting person in settlement of the vested RSUs on a one-to-one basis and 120,308 unvested RSUs previously reported in Table II.
F3	On June 26, 2021, the Reporting Person was granted 75,873 RSUs, vesting in substantially equal installments on each of the first three anniversaries of May 31, 2021.