Ivo Steklac - May 31, 2023 Form 4 Insider Report for EVgo Inc. (EVGO)

Role
Chief Technology Officer
Signature
/s/Ivo Steklac by Chris Nenno, as Attorney-in-Fact
Stock symbol
EVGO
Transactions as of
May 31, 2023
Transactions value $
-$81,392
Form type
4
Date filed
6/2/2023, 09:44 PM
Previous filing
Apr 5, 2023
Next filing
Aug 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EVGO Class A Common Stock Options Exercise +46.5K +141.64% 79.4K May 31, 2023 Direct F1
transaction EVGO Class A Common Stock Options Exercise +24.4K +30.79% 104K May 31, 2023 Direct F1
transaction EVGO Class A Common Stock Sale -$81.4K -20.4K -19.65% $3.99 83.4K Jun 1, 2023 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 -46.5K -50% $0.00 46.5K May 31, 2023 Class A Common Stock 46.5K Direct F1, F3
transaction EVGO Restricted Stock Units Options Exercise $0 -24.4K -33.33% $0.00 48.9K May 31, 2023 Class A Common Stock 24.4K Direct F1, F4
* 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 ("Common Stock").
F2 The price reported in column 4 is a weighted average price. Pursuant to the Issuer's sell to cover policy, the shares were sold in multiple transactions and solely 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 2.
F3 The RSUs vest in three equal annual installments on each of the first three anniversaries of January 31, 2021, subject to the Reporting Person's continued employment through each such vesting date.
F4 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 such vesting date.