David Nanus - May 22, 2023 Form 4 Insider Report for EVgo Inc. (EVGO)

Role: Director
Signature: /s/ Francine Sullivan, as attorney-in-fact
Stock symbol: EVGO
Transactions as of: May 22, 2023
Transactions value $: $24,999,996
Form type: 4
Date filed: 5/24/2023, 04:14 PM
Previous filing: Jul 6, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EVGO	Class A Common Stock	Purchase	$25M	+5.88M		$4.25	5.88M	May 22, 2023	See Footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reported securities were purchased in an underwritten public offering at the public offering price of $4.25 per share.
F2	The shares are held directly by EVgo Member Holdings, LLC, a Delaware limited liability company ("EVgo Member"). The sole member of EVgo Member is LS Power Equity Partners IV, L.P., a Delaware limited partnership ("LSPEP IV"), which is managed by LS Power Equity Advisors, LLC, a Delaware limited liability company ("LSP Advisors" and, together with EVgo Member and LSPEP IV, the "LS Power Entities"). The reporting person, through his position, relationship and/or affiliation with the LS Power Entities, may have shared voting and investment power with respect to the shares beneficially owned by the LS Power Entities. As such, the reporting person may be deemed to have or share beneficial ownership of the shares beneficially owned by the LS Power Entities. The reporting person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, if any.

Content

The reported securities were purchased in an underwritten public offering at the public offering price of $4.25 per share.

The shares are held directly by EVgo Member Holdings, LLC, a Delaware limited liability company ("EVgo Member"). The sole member of EVgo Member is LS Power Equity Partners IV, L.P., a Delaware limited partnership ("LSPEP IV"), which is managed by LS Power Equity Advisors, LLC, a Delaware limited liability company ("LSP Advisors" and, together with EVgo Member and LSPEP IV, the "LS Power Entities"). The reporting person, through his position, relationship and/or affiliation with the LS Power Entities, may have shared voting and investment power with respect to the shares beneficially owned by the LS Power Entities. As such, the reporting person may be deemed to have or share beneficial ownership of the shares beneficially owned by the LS Power Entities. The reporting person disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein, if any.