Dennis Kish - Mar 15, 2024 Form 4 Insider Report for EVgo Inc. (EVGO)

Role
President
Signature
/s/ Dennis Kish by Chris Nenno, as Attorney-in-Fact
Stock symbol
EVGO
Transactions as of
Mar 15, 2024
Transactions value $
$0
Form type
4
Date filed
3/19/2024, 09:27 PM
Previous filing
Mar 7, 2024
Next filing
Aug 13, 2024

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 Award $0 +417K $0.00 417K Mar 15, 2024 Class A Common Stock 417K Direct F1, F2
transaction EVGO Performance-Based Restricted Stock Units Award $0 +167K $0.00 167K Mar 15, 2024 Class A Common Stock 167K Direct 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 ("Common Stock").
F2 The RSUs will vest in three equal installments on each of the first three anniversaries of March 15, 2024, 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 March 15, 2024, provided that the applicable performance goal has been achieved by such 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 March 15, 2029.