Jonathan Seelig - Oct 12, 2023 Form 4 Insider Report for EVgo Inc. (EVGO)

Role: Director
Signature: /s/Jonathan Seelig by Chris Nenno, as Attorney-in-Fact
Stock symbol: EVGO
Transactions as of: Oct 12, 2023
Transactions value $: $0
Form type: 4
Date filed: 10/13/2023, 04:47 PM
Previous filing: May 22, 2023
Next filing: Oct 24, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	EVGO	Class A Common Stock	Options Exercise		+8.71K	+72.68%		20.7K	Oct 12, 2023	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	-8.71K	-100%	$0.00^*	0	Oct 12, 2023	Class A Common Stock	8.71K		Direct	F1, F2

* 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	As previously disclosed in a Form 3 filed on behalf of the Reporting Person on May 22, 2023, the Reporting Person received a grant of 20,699 RSUs in October 2022, vesting in full on the first anniversary 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 Board, and vesting for a portion (11,987) of these RSUs was accelerated effective as of such resignation. The remaining 8,712 RSUs subject to the grant vested in full on October 12, 2023 and are deemed to be in consideration for the Reporting Person's service as a member of the Board.

Content

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").

As previously disclosed in a Form 3 filed on behalf of the Reporting Person on May 22, 2023, the Reporting Person received a grant of 20,699 RSUs in October 2022, vesting in full on the first anniversary 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 Board, and vesting for a portion (11,987) of these RSUs was accelerated effective as of such resignation. The remaining 8,712 RSUs subject to the grant vested in full on October 12, 2023 and are deemed to be in consideration for the Reporting Person's service as a member of the Board.